As the countdown to Hamster Kombat’s HMSTR token listing ticks closer, the crypto community is abuzz with anticipation. Major exchanges like Binance and OKX are set to debut the token tomorrow, leading to widespread speculation about its initial trading price.
Airdrop analyst Gautam Gupta predicts a possible dip in HMSTR prices post-listing, as airdrop hunters are typically primed to cash out once tokens are listed.
Gupta draws a parallel with Notcoin, a notable tap-to-earn project, which achieved significant valuations immediately after its listing. Hamster Kombat is expected to follow a similar trend, with a market cap projected between $504 million and $567 million and token prices ranging from $0.008 to $0.009.
However, Gupta advises caution, highlighting concerns over the project’s hype, the development team’s inexperience, and the lack of utility, which could jeopardize its long-term sustainability.
Crypto influencer Ajay offers a different prediction, suggesting a price range of $0.005 to $0.01, doubting the project’s potential to surpass a $1 billion market capitalization.
The impending listing has stirred considerable preparatory activities among crypto exchanges. Binance alone has recorded over $14 billion in total value locked, with many users staking FDUSD and BNB coins for the HMSTR airdrop.
Participation in Binance's Launchpool project has been significant, reflecting high community engagement. Over 198,000 individuals are in the FDUSD pool and 1.31 million in the BNB pool, underlying the extensive interest.
The three-day airdrop will distribute 3 billion HMSTR tokens and coincide with the start of HMSTR trading, adding to the excitement.
The official listing kicks off on September 26, with the airdrop and on-chain claims starting at 10:00 UTC and trading beginning at 12:00 UTC. This timeline has heightened market buzz, with many eager for potential quick gains.
