Anticipation is building for the upcoming launch of Hamster Kombat's HMSTR token, set to debut tomorrow on major exchanges like Binance and OKX.
Airdrop analyst Gautam Gupta predicts a price drop post-listing, as many airdrop hunters typically cash out quickly.
Gupta compares this launch to Notcoin, which achieved a fully diluted valuation of around $900 million by releasing a large portion of its tokens during its airdrop.
If Hamster Kombat mirrors this approach with 63% of its 100 billion tokens available at launch, the expected market cap could range from $504 million to $567 million, leading to an initial price between $0.008 and $0.009.
However, Gupta warns about the project’s speculative nature, citing concerns over the team’s experience and the token’s long-term utility. Crypto influencer Ajay estimates a price range of $0.005 to $0.01, suggesting a $1 billion market cap is unlikely.
Preparations for the listing are in full swing, with Binance reporting over $14 billion in total value locked. The three-day airdrop will distribute 3 billion HMSTR tokens, coinciding with the trading launch. As excitement mounts, the HMSTR airdrop and on-chain claims will begin at 10:00 UTC on September 26, with trading set to start at noon UTC.
After a 15% rally in the last two weeks, Ethereum (ETH) is now stabilizing between $2,600 and $2,700.
Hamster Kombat (HMSTR), a play-to-earn (P2E) game on Telegram, is gaining significant traction as it nears its launch, thanks in part to Binance’s backing.
A crypto trader recently made headlines by turning a small $135 investment into an astounding $1.2 million in just 15 days, thanks to a sharp rise in the value of a new token called Terminus.
BlackRock’s Bitcoin and Ethereum exchange-traded funds (ETFs) experienced a significant boost, attracting around $158 million in net inflows on Tuesday as the crypto market rebounded, pushing Bitcoin’s price above $64,000.