If you are also thinking about investing in the viral crypto coin named “Hamster Kombat”, you are exactly on the spot. Hamster Kombat is a telegram-based clicker crypto game where you earn in-game crypto coins that you can trade later.
In this article, we will discuss the best time to buy a Hamster Kombat, potential buying opportunities, and the risks associated with them. So, let’s get straight into it and find out the answer.
Is There A Best Time To Buy Hamster Kombat?
Hamster Kombat is a crypto coin, and just like any other cryptocurrency, it has ups and downs when its price fluctuates greatly. So yes! There is the best time to buy Hamster Kombat, and that is when the price dips or shows bearish signs.
However, you need to remember that the Hamster Kombat is not officially listed on some reputable exchanges like Binance. On the other hand, cryptocurrency is subjected to high volatility, so always do your own research (DYOR) before trading crypto.
Check: [Updated-July] Hamster Kombat Daily Cipher & Combo Answer
Pre-Market Phase
As mentioned earlier, Hamster Kombat has not yet officially launched. However, some crypto exchanges, like XT, offer their trades on the pre-market. The pre-market can be dangerous and profitable in some cases.
Currently, the price of Hamster Kombat on the XT exchange is $0.587707, with an all-time high of $0.814016. The 24-hour trade volume is $358,948, which is decent for a coin like Hamster Kombat that has not been launched yet.
Best Time To Buy Hamster Kombat
As the current average price range on the pre-market is between $0.4 and $0.6, it is risky to buy the coin then. According to the projections, the coins will hit $0.09 in 2023 after the initial starting price of $0.01, far lower than the current price.
It is always good to buy low and sell high. So, considering the basic formula, it is advisable to wait and buy once the coin is launched. Also, various loopholes must be filled until the coin’s official launch.
Read : Is Hamster Kombat Legit? Noo!!!
Potential Risks Associated With Hamster Kombat
No cryptocurrencies are risk-free, as they have various factors, including high volatility, market sentiment, and liquidity. However, cryptocurrencies available on pre-markets only have more risks than normal ones.
Let’s see some of the potential risks that you might face if you are thinking about buying Hamster Kombat:
Team Behind The Project
One of the main aspects of analyzing a crypto project is the team behind it. You need to see who is behind the coin and what other projects they have on their credit. It is important to find out the project’s credibility and transparency.
While the whitepaper can be found on the Internet, and the team can also be identified, we know little about the project’s builders. This could be a potential red flag, as we do not know whether the coin’s future is secured.
Technical Issues
When analyzing a project, it is important to see the technical aspects that also suggest potential dangers. If the website quality is not up to the mark or there are frequent glitches, you should be cautious about the coin.
Many users complained about the technical issues they faced while using the application. These included lags and the app sometimes not recognizing the command.
Irrational Expectations
Most people come to the crypto world with the perspective that they will become billionaires overnight. Although this can be true in some cases if you have the right skills and knowledge, it is mostly not the case.
Hamster Kombat presents unrealistic projections for the future that might not be achieved, providing the project’s nature and the team behind it. The price predictions for the next 10 or 20 years are unlikely to be fulfilled.
New Project
The project is in its initial stage after its launch on June 21st, 2024. There are many ambiguities and vulnerabilities in the project. Proper research before buying a newly launched currency is always advised to avoid potential risks.
I recommend buying and holding until the end of 2024, as there is news about an Airdrop. Users who have earned a lot of coins will participate in this and will receive rewards for their coins. Once they trade their coins for rewards, the coin value will increase.
Frequently Asked Questions (FAQs)
What is the current price of Hamster Kombat?
Hamster Kombat has yet to be launched on regular exchanges. However, some exchanges offer the coin on pre-market with a price range of $0.5. According to predictions, its price will be around $0.01 after its launch, just like other Notcoins.
Where can I find Hamster Kombat?
You can find Hamster Kombat on the pre-markets of some exchanges like XT and LATOKEN. However, once launched, you will find it on regular crypto exchanges with pairs like HMSTR/USDT and HMSTR/BTC.
Are there any risks associated with HMSTR?
As Hamster Kombat is being traded on the pre-market, several risks are associated with it. These risks include volatility, technical problems, transparency, unrealistic projections, the developer’s identity, and the fear index.
Can I buy Hamster Kombat on Binance?
You can not buy Hamster Kombat on Binance because the exchange has not listed the coin yet. However, you can buy it from Binance once it is announced and listed. You can now buy the coin from DEX by buying base currency from Binance.
Conclusion
Hamster Kombat is a telegram-based clicker crypto game. You can earn millions of in-game coins by completing certain tasks, which can be traded through crypto exchanges in the future. This article discussed the best time to buy a Hamster Kombat, and I hope you found the answer.
As it is a coin in the pre-market, buying it at that time is dangerous. The best time to buy the coin is when it is officially launched and traded on crypto exchanges. Apart from that, always do your research before buying any crypto coins.
