Can Hamster Kombat S2 Push HMSTR to $0.01?

Hamster Kombat S2 has attracted the attention of the community, helping the HMSTR token increase significantly, but the target of $0.01 is still relatively far away.

Azcnews Can Hamster Kombat S2 Push Hmstr To $0.01

HMSTR price has been a topic of discussion since its launch, with constant corrections and consolidations leaving investors disappointed. Hamster Kombat S2 was once seen as the token’s only hope for a full recovery, but that was delayed for a long time. However, recent announcements have brought certainty about the launch date, helping the token price rise again. But can HMSTR hit $0.01 before 2025? Let’s find out.

Can HMSTR hit $0.01 before 2025?

Currently, the Hamster Kombat token is worth $0.002656 and would need to increase by more than 73% to reach $0.01. While HMSTR has reached this milestone before, this time will be a bigger challenge, especially as player interest in the game is waning. Hamster Kombat is a mini-game on Telegram where players can earn rewards by clicking and completing simple tasks. The game was very popular in the middle of the year, with an active user base exceeding 300 million, but that number has dropped to just 27 million, according to the latest data from Protos. Even major exchanges like Binance have delisted the HMSTR token due to unsatisfactory trading volume, confirming the token’s poor performance.

Hmstr Price
Hmstr Price

More importantly, the biggest issue preventing HMSTR from reaching $0.01 is the timing factor, with 2025 just a week away. During the previous bull run, crypto market optimism provided a lot of support for the token, but that is no longer the case, and two Bitcoin crashes are predicted to come. This makes the challenge even greater, as HMSTR has been in a consolidation phase and has been on a downward slide since reaching its all-time high of $0.01004 in late September.

Read more: Cardano Founder Meets with Democratic Senators

While the Hamster Kombat S2 news has brought the game to Telegram’s attention, a stronger push from buyers is needed for the token to truly recover. More importantly, there is currently a lot of selling pressure as investors try to take profits from the Season 2-induced price surge, which has caused HMSTR to surge 4% in just one day. If the rally continues, Hamster Kombat could continue to break out to $0.0041846. All eyes are now on the beta launch of S2, which is expected to extend this rally.

(7 votes)

2.0/5

(7 votes)

Latest

Can Altcoins Grow In July

Altcoin | Editor Choice

Can Altcoins Grow in July?

The market is generating highly awaited data for a potential altcoin price surge this July.

Openai Denies Robinhood Tokens Represent Company Equity

News | AI | Editor Choice

OpenAI Denies Robinhood Tokens Represent Company Equity

OpenAI has denied that the tokens bearing its name issued by Robinhood represent actual company equity, while Elon Musk called them “fake” and criticized his former company’s business model.

The Number Of Bitcoin Millionaires Soars In The Past Six Months

Editor Choice | Bitcoin

The Number of Bitcoin Millionaires Soars in the Past Six Months

In the first six months of the year, an additional 26,758 millionaires holding Bitcoin brought the total number of Bitcoin millionaires to 182,327.

G2 Esports Earns $16 Million From Investment In Solana

Altcoin | Editor Choice

G2 Esports Earns $16 Million from Investment in Solana

The esports organization G2 Esports has earned $16 million from its investment in Solana since 2023, with an initial investment of only €3.2 million.

Will Bitcoin Benefit From The U.s. Raising Its Debt Ceiling By $5 Trillion

News | Bitcoin | Editor Choice

Will Bitcoin Benefit from the U.S. Raising Its Debt Ceiling by $5 Trillion?

Although many expect the U.S. debt ceiling hike to boost Bitcoin’s price, historical data and recent market movements suggest otherwise.