Players and token holders reacted negatively to the drop in the HMSTR rate, which exceeded 41%. On the Binance crypto exchange, its asset rate fluctuated from $0.001 to $0.014, and its pre-market value was $0.012. After the jumps, the rate stabilized at $0.006-0.007. The pre-market price indicates the depreciation of the coin.
According to Andrey Loboda, memcoins containing the HMSTR token are a risky business; This is also confirmed by the example of the listing of Hamster Kombat, an exchange of virtual currency for real money. According to him, recovery after the collapse may take a long time, and such a situation will scare away potential users of such projects on Tekegram, because clicker users “were confident that they would receive significantly more benefits from their activities in the application.”
“It may take a year or more for the exchange rate to recover after the crash. The reason for this is that tens of millions of users will try to sell their coins at the same time. This will put pressure on their price offers,” the expert warned.
Source: Ferra
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