Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Hamster Kombat Price Soars 134% After Trump's Election Win

Hamster Kombat Price Soars 134% After Trump's Election Win

HappyCoinNewsHappyCoinNews2024/11/11 16:44
By:HappyCoinNews

The rate of the Hamster Kombat cryptocurrency (HMSTR), released by the creators of the game of the same name in Telegram, rose by 134% after Donald Trump won the US presidential election.

Hamster Kombat Price started pumping November 9, and in less than a day it more than doubled. On Sunday morning in Moscow, the price of HMSTR reached a record high since the end of September at $0,0059 and then slightly corrected.

Hamster Kombat Price Soars 134% After Trump's Election Win image 0

Hamster Kombat Cryptocurrency Price Rise

Over the past three months, the number of players in Hamster Kombat has increased decreased by 260 million to 40 million, and, as many experts believe, the popularity of tapalka will continue to fall, because the second season of the competition promised by the developers has not yet begun. Given these factors, it is obvious that HMSTR tokens have risen in price not due to the activity of gamers, but because of speculators who decided to make money on the pump and dump of the cryptocurrency rate.

Hamster Kombat coins started to fall in price immediately after the event airdrop , as most players who received the cryptocurrency as a gift chose to get rid of it. The downward trend continued until November 5, when the HMSTR price bottomed out at $0,0022, more than four times lower than its peak.

However, during the Hamster Kombat rate pump, the trading volume of this cryptocurrency increased by 4040% and exceeded $1,1 billion, which is twice the level of coin capitalization. This fact indicates that large cryptocurrency whales have entered the HMSTR market and the level of token rate volatility will remain high.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

The Daily: Dogecoin investors drop class-action lawsuit against Elon Musk, Michael Saylor plans $100K bitcoin party and more

Dogecoin investors have dropped their class-action lawsuit against Elon Musk, which accused him of manipulating the price of DOGE during its 2021 surge from less than $0.10 to around $0.70.JPMorgan analysts anticipate positive regulatory changes for crypto under President-elect Donald Trump, with clearer frameworks likely to benefit the industry.President-elect Donald Trump nominated bitcoin advocate Robert F. Kennedy Jr. for U.S. Secretary of Health and Human Services on Thursday.The following article is

The Block2024/11/15 20:23

Matrixport Included Developments That Will Affect Bitcoin in December in Its Weekly Report! Here Are the Details

Matrixport's latest weekly report highlights a number of positive factors that have underpinned Bitcoin's recent strong performance.

Bitcoinsistemi2024/11/15 20:00

Trump's Inflow Wave Has Ended! Spot Bitcoin and Ethereum ETFs Experience First Outflows Since Election!

It ended a wave of inflows and outflows in spot Bitcoin and Ethereum ETFs that has been ongoing since Donald Trump was elected president on November 5.

Bitcoinsistemi2024/11/15 19:55