By Guest 
The sharp decline in the price of Hamster Kombat after its launch has left many traders disheartened. Now, some traders are hopeful that this token could experience a relatively good growth similar to NotCoin after the mentioned slump.
As per CoinGape’s report, user expectations for Hamster Kombat were initially very high, with its market cap reaching a record $500 million. However, following the distribution of the Hamster Kombat airdrop, the token’s price plummeted by 46%, disappointing many investors.
Analysis of Hamster Kombat
Despite this, many holders of this token are optimistic that its price will rise with community participation and the activities of whale investors. Furthermore, the listing of Hamster Kombat on several new exchanges has bolstered their hopes. This event significantly increased the trading volume of Hamster Kombat, but it seems that it hasn’t had a significant positive impact on its price.
More precisely, the price of Hamster Kombat still hovers around $0.004, significantly lower than its $0.01 record a week ago. This indicates a 51.9% decrease from its peak.
Analysts believe that if the price of Hamster Kombat breaks through the $0.008 resistance, it could potentially trigger a good upward movement. Such an event could possibly drive the token to the $0.01 level.
Crypto Hunter, a crypto market analyst, has raised the possibility of Hamster Kombat experiencing growth similar to NotCoin. The NOT token saw an 80% decrease after its airdrop earlier this year but surged fivefold after the initial price drop. Crypto Hunter’s chart indicates a relatively good resemblance in the trends between HMSTR and NOT.
However, for Hamster Kombat to achieve this goal, it needs active community participation. On the other hand, user disillusionment with the airdrop distribution and HMSTR tokenomics has made achieving such engagement very challenging.