Hamster Kombat’s token will finally launch on 26 September, and everyone wants to know how it will perform.
This record-smashing Play-to-Earn (P2E) meme coin has seen serious adoption, luring hundreds of millions of users in just a few months.
HMSTR Primed For Long-Term Gains – But Not Without Turbulence
With Hamster Kombat’s user base in the multiple hundreds of millions, the project has already seen adoption at the heights of no other crypto project.
And after much back and forth, its token is finally set to launch via an airdrop on 26 September.
The total supply is 10 billion tokens, of which 1 billion are slated to be distributed via the initial airdrop.
The team is still playing its cards close to its chest regarding tokenomics, but its whitepaper alludes to the lion’s share going toward the community.
Currently, HMSTR is trading on the ByBit premarket at $0.091 per token.
That equals a fully diluted market cap of $910 million. Given its expansive user base, a much higher valuation would not be unreasonable.
Popular Play-to-Earn game Axie Infinity had a market cap ten times higher than that at its peak in 2021, and its user base was significantly smaller.
But that does not mean Hamster Kombat is free of challenges.
The token airdrop was initially set for July but was postponed to September. As such, we could see significant selling pressure due to players’ pent-up anticipation of receiving their rewards
This selling pressure can only be absorbed by speculative investors or incoming utility-driven demand. The team is expected to bolster token demand through new battle arenas and additional lines of NFTs, which users can purchase and upgrade using HMSTR.
Ultimately, Hamster Kombat’s success depends on its supply and demand synergy. While rewarding players with HMSTR rewards, there must also be adequate demand to absorb the looming selling pressure.
Coingabbar analysts predicted HMSTR would launch at $0.1 and climb to $0.5 by the end of 2024.
Meanwhile, Coincheckup forecasts it could reach $0.3969 in one year.
These predictions equate to between 4-6x gains for Hamster Kombat, which seems plausible considering its initial success.
However, another P2E cryptocurrency is launching soon and primed for up to 100x gains. It is called Shiba Shootout and is currently undergoing a presale.
New Shiba Inu-Themed P2E Game Can 100X, Says Analyst
Blending the iconic Shiba Inu meme coin with a Wild Western theme and a P2E game, Shiba Shootout is gathering serious traction in its presale.
The project has just surpassed the $1 million total raised mark and caught the attention of top analysts, such as Umar Khan from 99Bitcoins.
While Shiba Shootout is in presale, the project has already launched a beta version of its game, Shiba Sharpshooter, on the App Store and Google Play Store.
The game involves epic gunfights in which players face off in a battle of wits, timing, and aim.
The Shiba Shootout ecosystem also includes additional utilities, such as governance voting, a lottery, staking, referrals, and more.
As such, $SHIBASHOOT has tons more demand potential than HMSTR, which is only used as an in-game currency utility.
We should also highlight that meme coin fans may invest in Shiba Shootout, providing exposure to the $38 billion joke token sector.
Top analysts have caught wind of the situation and are backing $SHIBASHOOT for big gains.
Umar Khan from the 99Bitcoins YouTube channel says it might 100x.
Meanwhile, ClayBro says it will “make millionaires.”
Positioned between P2E and meme coin sectors, Shiba Shootout is a promising crossover project. And with just $1 million raised, investors can get in from the ground floor.
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