Hamster Kombat Price Prediction 2024: HMSTR Launch Disappoints — What Next?
What's in store for HMSTR? | Credit: Hameem Sarwar/CCN
Key Takeaways
- Hamster Kombat’s HMSTR came out on Sept. 26, 2024.
- The game airdropped around 60 billion tokens to active participants.
- Our Hamster Kombat price prediction suggests HMSTR should fall soon.
Hamster Kombat is a game for the Telegram messaging app based on the Toncoin blockchain. The project’s native token, HMSTR, went on the open market on Sept. 26, 2024, with an airdrop of 100 billion tokens.
The platform already claims to have 300 million players, a YouTube channel with 36 million subscribers, and 55 million members on its Telegram group.
Already, HMSTR has attracted controversy over a change to the airdrop. In September 2024, the developers behind the game said that 88.75% of the agreed tokens would be airdropped, with the rest being vested for 10 months.
In the end, though, around 60 billion tokens were released onto the market.
Meanwhile, perhaps more worryingly, a potential scam project, Hamster Cash, came out shortly before the airdrop.
On Oct. 7, 2024, HMSTR was worth about $0.00488.
Let’s now look at some HMSTR price predictions made on Oct. 7, 2024. We will also talk a little about what Hamster Kombat is and what Hamster Kombat does.
Hamster Kombat Price Prediction
The HMSTR price prediction for the next 24 hours hinges on a decline toward the short-term ascending support trend line.
If this happens, the HMSTR price trend will be bearish in the short term.
HMSTR Price Analysis
The hourly chart shows that HMSTR has broken out from the descending resistance trend line that existed since the launch. This is a sign that the previous downward trend has ended. However, HMSTR failed to sustain its increase and was rejected by the $0.0052 horizontal resistance area (black icon).
Since the rejection, HMSTR has fallen and is approaching a short-term ascending support trend line (dashed) at $0.0048. If the price loses that support level, it could fall toward a new all-time low.
The hourly Moving Average Convergence/Divergence (MACD) gives a bearish reading. The indicator made a bearish cross for the first time since breaking out from the trend line.
So, the hourly price analysis for HMSTR is bearish, suggesting that the price will fall to the ascending support trend line and potentially break down.
Hamster Kombat Average True Range (ATR): HMSTR Volatility Remains Low
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels. On Oct. 7, 2024, Hamster Kombat’s ATR was 0.00007, suggesting low volatility.
Hamster Kombat Relative Strength Index (RSI): Is HMSTR Overbought or Oversold?
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively.
Movements above and below the 50 line also indicate if the trend is bullish or bearish. On Oct. 7, 2024, the Hamster Kombat RSI was at about 57, indicating bullish conditions.
Hamster Kombat Price Performance Comparisons
Hamster Kombat is part of the world of Web3 gaming, so let’s compare its price with that of similar tokens.
Hamster Kombat Price History
Let’s take a look at some of the key dates in the admittedly brief Hamster Kombat price history .
Remember, though, that past performance should never be taken as an indicator of future results.
| Time period | Hamster Kombat price |
|---|---|
| Last week (Sept. 30, 2024) | $0.006155 |
| Launch price (Sept. 26 2024) | $0.01004 |
| All-time high (Sept. 26, 2024) | $0.01004 |
| All-time low (Oct. 2, 2024) | $0.004457 |
Hamster Kombat Market Cap
The market capitalization, or market cap, is the sum of the total number of HMSTR in circulation multiplied by its price. On Oct. 7, 2024, Hamster Kombat’s market cap was $319 million, making it the 161st-largest crypto by that metric.
Hamster Kombat Supply and Distribution
| Supply and distribution | Figures |
|---|---|
| Total supply | 100,000,000,000 |
| Circulating supply (as of Oct. 7, 2024) | 64,375,000,000 (64.38% of total supply) |
From the Hamster Kombat Whitepaper
According to its technical documentation, or whitepaper , Hamster Kombat is “a crypto exchange CEO simulator game built on Telegram with 300 million players. Its mission is to smoothly onboard 1,000,000,000 Web2 users into Web3”.
What is Hamster Kombat?
Hamster Kombat is a Telegram-based crypto exchange CEO simulator game. Players get rewarded based on achieving certain goals.
Players have to increase their coin balance, complete daily combos, and ciphers, and get daily rewards to maximize their passive income and ensure their exchange is working for them.
The game launched in March 2024, claiming to have more than 300 million players.
People’s rewards are paid using the platform’s native token, HMSTR.
How Hamster Kombat Works
The game’s native token, HMSTR, was airdropped on Sept. 26, 2024. Initially, the platform said it would release 88.75 billion tokens. Eventually, however, around 60 billion tokens came out.
Is Hamster Kombat a Good Investment?
It is hard to tell right now. Although Hamster Kombat makes bold claims, plenty of cryptocurrencies have claimed to spearhead the adoption of Web3. However, none of these cryptos have really made true to their promises. Not only that, but Web3 gaming is not exactly in a good place right now.
Indeed, there are hundreds of thousands of mobile games right now, so even if the app does come out, it is difficult to see what is so special about Hamster Kombat that it could draw in the average mobile gamer.
Not only that, but the price of HMSTR has plummeted since its release, falling around 50% in less than two weeks.
As always, with crypto, you must do your own research, remember that prices can go down and up, and never invest more than you can afford to lose.
Will Hamster Kombat Go Up or Down?
No one can really tell right now. While the Hamster Kombat crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Should I Invest in Hamster Kombat?
Before you decide whether or not to invest in Hamster Kombat, you will have to do your own research, not only on HMSTR but also on other related coins and tokens such as Catizen (CATI). Either way, you should also ensure you never invest more money than you can afford to lose.
Technical analysis by Valdrin Tahiri.
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FAQs
It is impossible to tell right now. Players of the Hamster Kombat game can earn HMSTR as rewards.Will Hamster Kombat reach $1?
What is Hamster Kombat used for?
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