Assessing the situation surrounding the HMSTR token, we previously noted a major decline in its value after the Binance listing - by as much as 84% to $0,0023. This was truly a spectacular crash, flagging serious problems associated with the project.
In our view, the price action will continue to trend lower. We maintain that the initial success of Hamster Kombat was largely accidental, while the lack of genuine innovation and a delay in launching the second season only make the situation worse. Especially alarming is the sharp contraction in trading volumes - to $11 mln on Binance and $1.36 mln on Bybit, pointing to a loss of investor interest. If the second season is launched, we do not expect to see much of an increase in the price. Trust in the developers has been seriously undermined by constant postponements and unfulfilled promises. Even new features are unlikely to reverse the negative trend, given widespread disappointment among the crypto community.
Investing in HMSTR is viewed as extremely risky. The project exhibits all the hallmarks of fading interest - declining volumes, investor distrust, and a team that has problems keeping its promises.
As for the listing on major crypto exchanges, this came as a major disappointment for investors. Instead of an expected rally, prices collapsed. In our opinion, this happened because most users of the exchange made a sober assessment of the project's outlook and opted to ditch the tokens.