The long-awaited listing of Hamster Kombat (HMSTR )on Binance is now live. Considering the huge noise it made within the play-to-earn gaming sphere, HMSTR is now tradable on the world’s largest cryptocurrency exchange. Listing so far garnered monumental interest from traders and players alike as well, marking an important milestone in this Telegram-based tap-to-earn game.
HMSTR Price: Expectations vs. Reality
Market analysts and influencers had speculated that it was going to trade between the range of $0.005 and $0.01 before listing. Crypto influencer Ajay Kashyap also predicted that the token will shoot to $0.01 considering the hype surrounding its Binance listing.
After listing, the token HMSTR was very bullishly priced at 1236% in minutes to peak at $0.01336. The price chart shows that the token has corrected since, and is now at $0.009536, which reflects a current market increase of 853.6% from the launch price. Volatility is high since this token is settling after listing. Traders are rushing in to capitalize on the surge while being hit with market adjustments.
This price decline initially seems to be a result of the timing of the trading period being early, with speculative activity appearing to overcorrect the price.
Technical Issues and Frustrations
Despite the initial excitement, the experience for many HMSTR holders was far from smooth. As trading volumes spiked, Binance users began reporting server issues that prevented them from selling their tokens. Social media channels and community forums were flooded with complaints from users who were unable to execute trades during peak price periods.
Reports suggest that the Binance servers experienced heavy congestion, likely caused by the massive number of users trying to sell HMSTR tokens after its sudden price surge
For many traders, this delay meant missing out on the opportunity to lock in profits at higher prices. This situation led to dissatisfaction among traders, who found the overall HMSTR listing experience to be less than ideal.
As more exchanges list HMSTR, users will be hoping for smoother trading experiences in the future. For now, the community remains hopeful that these initial technical issues will be resolved, and the project will continue to grow in the months to come.
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