Is Hamster Kombat Set for a Comeback After Coinbase Listing?

Coinbase has officially added support for Hamster Kombat, a tap-to-earn game on Telegram, by listing its token, HMSTR, for perpetual futures trading.

This announcement comes as several exchanges show interest in the asset following its much-anticipated launch, raising speculation about its price movements after a significant drop since debuting.

The exchange’s listing on the Coinbase International Exchange and Coinbase Advance, effective September 26, aims to provide users with diverse trading options and enhance asset management strategies.

This development has generated optimism in the crypto community, as such listings often lead to price increases for new assets.

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However, despite the positive sentiment, the price of HMSTR has taken a hit, falling 43% to $0.007094 amid concerns over potential sell-offs from early holders.

Leading exchanges, including Binance, have also expanded their support for the token, yet mixed feelings persist regarding its future trajectory. Meanwhile, the broader cryptocurrency market continues to perform well, with Bitcoin surpassing $65,000 after a 3% increase in the last 24 hours.

Alexander Stefanov