- Summary:
- Hamster coin price has been blowing hot and cold in recent days. With the airdrop set for this week, which direction could it move?
Hamster Kombat coin price has risen by a massive 21 percent in the last week, but its volatility means there’s much at stake. HMSTR was at 0.073 at the time of writing, having gone down by 9.2 percent on the daily chart. For a coin that lost nearly 50 percent of its value in a single day only eleven days ago, it blends a mix of excitement and fear in almost equal measure. However, this is the type of excitement that keeps its loyal fanbase hooked, since, what is crypto without volatility anyway?
Hamster coin airdrop and impact on price
The Telegram-based play-to-earn game will have its token generation event on September 26, and that could trigger significant volatility around HMSTR this week. Hamster Kombat has a reward-based earning mechanism where gamers can earn Hamsters (HMSTR) for completing tasks, engaging in multiplayer combat actions, completing missions, solving puzzles, referrals, upgrading mechanics etc. This non-linear approach is different from most tap-to-earn games and adds excitement to the game.
Hamster the airdrop could have a downside to it. With the project having allocated 60% of the token to its community, the upcoming airdrop could potentially flood the market with more coins, putting pressure on the price. Nonetheless, news of the airdrop could potentially attract more users to the token and boost the price in the intervening period.
Hamster price today
Hamster coin price will likely follow the upward trajectory if the action stays above 0.071. With that in play, the first resistance could come at 0.075, but extended bullish control could overcome that barrier and push the token further up to test 0.078.
Alternatively, moving below 0.071 will signal bearish control. If that happens, the first support could come at 0.069. However, further control by the sellers could breach that mark, invalidate the upside narrative and potentially test 0.065.
