Gamers who hold on to their HMSTR are likely to profit now because of the new uptick the token has registered. In the last 24 hours, Hamster Kombat has bagged more than 60% in profit.
Notably, this bullish momentum comes as the growing ecosystem prepares for the launch of its Season 2.
Hamster Kombat Halts Withdrawal as Season 2 Draws Closer
This upcoming Season 2 includes a second airdrop allowing players to take over a hamster-run game development studio as they design titles with tap-to-earn gameplay.
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Recall that the first airdrop disappointed many of its players. The new season might take a better turn to give HMSTR more push.
As it stands, token holders can no longer withdraw their assets as the project announced. On the brighter side, those who held their HMSTR in the game will get rewarded for their actions.
The token is gradually picking up its pace and may eventually make millionaires out of its holders in the coming months. Noteworthy, the second airdrop is scheduled to go live in the summer of 2025.
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Current market data shows that HMSTR’s price skyrocketed by 69.65% in 24 hours to $0.004839. Other key metrics also look good at the moment.
As the 174th largest cryptocurrency by market capitalization, the token now boasts a market cap of $311.53 million.
The sudden spike in price may have drawn a lot of attention to crypto, as evident in its trading volume. This metric has risen by 1373.13% in such a short time and is now resting at $545.07 million.
Whenever trading volume spikes, it often showcases how much investors and traders are interested in the digital asset. Therefore, HMSTR may be the star of the weekend with speculations on how sustainable this growth is.
Hamster Kombat and Epic Recovery Push
Even with the recent price pump, HMST is still reasonably below its peak price of $0.01004. However, it is worth noting that this is the first time that the token has seen such an impressive rally since it airdropped a few weeks ago.
Less than a week ago, HMSTR hit a new all-time low price of $0.0025. Coin Republic reported that the token had sharply fallen, dropping by 44.22% in one month.
At the time, other Telegram-based tokens like Catizen (CATI) and Notcoin (NOT) experienced the same price dip. Therefore, the new price level signals a potential rebound, one that may be sustained overall.
Where is HMSTR Heading?
Should the HMSTR sustain its bullish momentum, it may reach $0.01. If this is the case, it would outperform many other altcoins in the market.
Market observers are already sensing the possibility that the momentum may hold. HMSTR could see an additional increase, with the ambitious goal of reaching the $0.01 price target before this year runs out.
There is obviously a shift in market sentiment, cutting across the broader crypto market. Bitcoin (BTC) has hit a new all-time-high (ATH) above $76,000. Ethereum (ETH) has also seen some gain and HMSTR may join the train per its correlation.
