HMSTR, the official token of the Hamster Kombat Telegram game, has experienced a drastic fall of 42% of its original price just three days after its official launch. On September 26, 2024, the HMSTR tokens were listed on prominent crypto exchanges like Binance, Bybit, Gate.io, etc. It was a significant milestone as far as the game and its rapidly growing community were concerned. The price of the token dropped by 42% over these three days, with it experiencing the highest drop of 14% on Sunday, September 29.
The initial price of the HMSTR token, at the time of its official launch, was $0.009993 per token. On Sunday, the price dropped to $0.005613 per token. Even though HMSTR was viewed as a token with the potential to excel, its journey over the first few days after its official launch has been unexpectedly bumpy.
While the exact reasons for this fall in price are yet to be known, this occurrence signals the general volatility of the cryptocurrency market. A token, that has good utility and prospects can also fall into the hands of market volatility.
HMSTR In The Current Market
The current status of the HMSTR token in the market is given below.
- Current Price of HMSTR tokens: $0.005928
- Market Capitalization: $381,555,777
- Fully Diluted Valuation: $592,708,003
- 24-hour Trading Volume: $320,213,560
- Circulating Supply: 64,375,000,000
- Total Supply: 100,000,000,000
- Maximum Supply: 100,000,000,000
Even with a price decline of the HMSTR tokens over the last three days, the 24-hour trading volume of the HMSTR tokens has increased significantly to $592,708,003. The investors are actively involved in the trading of the HMSTR tokens despite the price fall. They are anticipating a rise in the price eventually after this temporary decline. The volume-to-market-cap ratio is capped at 60.48%. The level of liquidity and investor interest is at a healthy point. The fully diluted valuation is also at an impressive rate of $592,708,003. The circulating supply of the HMSTR tokens has now reached 64,375,000,000 compared to the total supply of 100,000,000,000 indicating that the trading of HMSTR tokens are proceeding on a significantly higher level.
More About Hamster Kombat
You can play the Hamster Kombat game and earn HMSTR, the in-game currency of the platform based on the points you earn through gaming. This TON-based platform promotes the GameFi ecosystem. Gamers who are interested in earning crypto tokens can log in to the Hamster Kombat bot on Telegram and proceed to make money. Players can also get acquainted with the basics of trading and earning cryptocurrencies.
The platform also offers collectibles to its players, which they can use to earn a significant passive income. The future developments of the Hamster Kombat platform are expected to enhance the gameplay experience and introduce new ways of earning HMSTR tokens and trading within the game platform. These steps will potentially attract a larger player base to the game.
The roadmap of the upcoming development events of the Hamster Kombat platform is detailed below.
- September 2024: The Interlude season will be launched and the HMSTR tokens will be officially listed on various crypto exchanges. The eligible players will receive the the airdrop tokens now.
- October 2024: The platform will launch the season 2 of the game. The game library will be expanded and external payment services will be linked to the platform.
- November 2024: The games developed by external developers as well as the NFT mechanics will be introduced in the Hamster Kombat platform.
- January 2025: Two major game titles with full token integration into the game economy will be launched in January 2025. Players can also access RMT (Real Money Trading) in games.
- February 2025: The partner games on the Hamster Kombat platform will be developed with more complex and costly development projects.
- Spring 2025: The second phase of the Hamster Kombat airdrop, the UGC (User-Generated Content) creation tools, and the launch of an internal NFT marketplace for in-game item sales will take place during this phase.
- Summer 2025: The Hamster Kombat games will be integrated with other desktop games in this phase.
Also, Read: Proven Hamster Kombat Tips For Earning Big Diamonds
The Bottom Line
The current price fall can be attributed to the larger developments in the crypto markets. Traders of the HMSTR tokens anticipate a good future for the token, despite its temporary fall in price.
