- Hamster Kombat pulls a surprise rally with over 80% surge as analyst speculates $1 mark.
- Over 260M followers were lost by Hamster Kombat within less than three months of its airdrop launch despite being tipped to be a great project.
- Bullish price actions and speculation could boost Hamster Kombat to the $1 mark.
Hamster Kombat (HMSTR), the popular telegram tap-to-earn game known for its massive following on prominent social handles such as X (formerly Twitter), with over 300 million followers gained in a few months, was reported to have shed over 250 million followers after its airdrop distribution that left many players disgruntled.
Despite the promise of riches and making its users CEO, the airdrop was cut short when it was distributed. This also impacted the price of Hamster Kombat (HMSTR) immensely, as many users were quick to sell off their allocation, and the price of Hamster Kombat suffered a drastic price decline of over 400%.
With such a price decline and the loss of many users from its platform, can Hamster Kombat overcome the odds to make history in the crypto space, as analysts speculate a $1 price for this token with much expectation?
260M Users Left Within Three Months
Source – Hamster Kombat Users from Coinmarketcap
Boosting over 300 million users at the early stages of its project with high expectations and gaining much attention from the world, Hamster Kombat failed to keep up to those high standards after its airdrop distribution. It suffered a depleted community of over 260 million followers, and its followers currently stand above 15 million.
As one of the most talked-about airdrops in the cryptocurrency era, Telegram CEO described Hamster Kombat (HMSTR) as the fastest-rising digital service that would bring the much-expected adoption of cryptocurrency through its mini apps, games, and tasks.
Although Hamster Kombat (HMSTR) didn’t go as anticipated, analysts believe It could be on the verge of making history following its price rally, which saw an over 80% increase in a day. There has been much excitement over this rally in the community.
Is Hamster Kombat (HMSTR) Enroute to $1?
Source – Hamster Kombat (HMSTR) Price Chart on Tradingview
Hamster Kombat has shown remarkable price recovery since the bearish launch of its token from a launch price of $0.009 to a region of $0.0022, over a 400% decline as prices now see some encouraging bullish price reversal above $0.0044 over 200% price rice.
The recent trend in the price of Hamster Kombat indicates a shift in market sentiment as the price attempts a recovery to it’s all-time high of $0.02, placing this price rally to around a 10X price rally in the coming weeks or even months.
Crypto analysts on X CryptoBull_360 shared a notable observation after Hamster Kombat broke out of its descending channel, sparking interest from traders and investors looking to jump. Price has been accompanied by volume patterns indicating bullish price action for Hamster Kombat (HMSTR).
Hamster Kombat is showing priming bullish momentum with strong interest from investors and traders. Breaking above $0.0065 would suggest a sustained bullish price rally, as many traders would be looking to ride the trend.
While trading such altcoins can be promising, they also possess a measure of risk, and it is advised to ensure proper risk management coupled with due diligence before investing.
