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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.

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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.

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