Date: Sat, Oct 05, 2024, 10:42 AM GMT
Hamster Kombat (HMSTR), the recently launched Telegram-based mini-app token, is finally seeing some upside momentum after a rocky start. Since its listing on September 26, HMSTR’s price has been in a freefall, largely due to a continuous sell-off by airdrop holders who were unhappy with the low listing price and token allocation issues. Even now, HMSTR is still down by 53.7% from its all-time high (ATH) of $0.011.
However, today HMSTR has shown signs of life, surging over 10% in value, which has sparked speculation about its future.
A Notcoin-Like Rally on the Horizon?
With HMSTR gaining some ground, many users on X (formerly Twitter) have started drawing comparisons to Notcoin (NOT), another Telegram-based token that had a similar rough beginning but later soared. Like HMSTR, Notcoin also plummeted by over 60% after its launch, but then made a stunning comeback, skyrocketing by over 500%—from $0.0046 to a high of $0.029 in just 15 days.
Looking at both charts, there are similarities. In the past 24 hours, HMSTR has made a strong recovery from its low of $0.0044 to the current price of $0.0050. But the burning question remains: Can HMSTR follow in Notcoin’s footsteps?
The Reality: Will HMSTR Rally Like Notcoin?
The short answer: Probably not. While Notcoin was the first project from the Telegram ecosystem, giving it a special edge, it also had a more favorable launch with better token allocation and continuous development. Hamster Kombat, on the other hand, has been plagued by issues like fewer tokens being allocated to users and a less-than-ideal listing price.
Despite these setbacks, today’s price bounce shows that HMSTR still has some fight left in it. While a Notcoin-like rally may not be on the cards, we could still see further upward momentum as the market stabilizes and more users buy in.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.