The latest highlight of the TON Coin ecosystem, the HMSTR Token for Hamster Kombat, has started trading on exchanges. Following a controversial airdrop process, the price has stabilized significantly. What is the current dollar value of the HMSTR Token and what are the opinions from participants?
HMSTR Token Listed
The HMSTR Token was listed on the Binance exchange one and a half hours before the U.S. market opening, reaching a peak of $0.009186 before now finding buyers at $0.008620. Although it has attempted to dip below $0.008570, it currently holds this level. After the airdrop distribution to investors, the team has also made promotional agreements with exchanges, distributing millions of additional tokens.
With a total supply of 100 billion tokens and a price of $0.005, it currently holds a market value of $500 million. If it can reach a price of $0.01, it will exceed a market cap of $1 billion. The reasonable scenario currently points to a ceiling price of $0.01.
Future of HMSTR Token
To gain insight into future possibilities, reviewing the charts of NOT and DOGS could be beneficial. Both have experienced a similar level of interest as the HMSTR Token and conducted large airdrops. While NOT Coin holds a unique position as the first major project, DOGS, listed more recently, may provide useful insights for HMSTR Token.
When DOGS was listed, it peaked at $0.0017996 but fell approximately 35% two days later. The day after hitting the low, it surged by 46%. Thus, we can expect high volatility within the next 48 hours for the HMSTR Token, with a potential rapid recovery from the lows.
However, a concern remains as DOGS has consistently made lower lows since hitting its all-time high. Currently, it sits 53.8% below its peak and has established new lows over the past 31 days.
NOT Coin has shown a similar trend, reaching its all-time high of $0.03708 on its first day before dropping 87% over ten days. Following this low, it increased by 516% in eight days. However, like DOGS Token, it has continued to make consistently lower lows, now sitting 80% below its peak after 134 days.
