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The Hamster Kombat price plunged 43% in the last 24 hours to trade at $0.006911 as of 00:43 a.m. EST on trading volume that skyrocketed 7,278% to $1 billion.
This comes after the token debuted on Sept. 26 on major crypto exchanges after the highly-anticipated Season 1 airdrop of the HMSTR token took place at 12 p.m. UTC on the same day.
🥂 THE MOMENT IS HERE 🥂
🤩 $HMSTR trading has official begun!
🚀 Congratulations, and to the moon, CEOs! pic.twitter.com/a0Yy7VRAxb
— Hamster Kombat (@hamster_kombat) September 26, 2024
The project distributed 60 billion HMSTR tokens to 131 million qualifying players, representing 60% of the altcoins supply.
Hamster Kombat Price Set For A Rebound
The Hamster Kombat price has been on a sustained bearish trend, trading within the falling wedge pattern, after what was called the biggest ever airdrop in the cryptocurrency space.
However, the bulls seem to have found support around $0.006147, which helped the bulls push the token towards the upper boundary of the wedge, according to data from GeckoTerminal.
HMSTR price now trades slightly above the 50-day SMA, an indication that the asset may be picking some bullish prospects from this level.
The Relative Strength Index (RSI) has been trading below the oversold region, confirming the bearish pressure. However, the RSI trading below the 30-oversold region is also a signal that the asset is currently undervalued, which may be a buying signal.
If the bulls stage a buying campaign at this level, the price of Hamster Kombat could soar above the wedge, as they target $0.010.
In an inverse scenario, if the selling pressure continues, HMSTR could plunge even further, with the next support at $0.0040.
Meanwhile, investors are rushing to buy a new meme coin casino project called Memebet Casino (MEMEBET Token) after it bolted past 300K in presale.
The popular YouTube channel Cryptonews, with over 10k subscribers, says that $MEMEBET Token could see a 100x pump after launch.
Memebet Casino Surges Past $300K – Next Crypto To Explode?
Memebet Token has drawn notable attention during its presale phase, accumulating over $302K in funding. This token powers a new betting platform that operates primarily through Telegram, and is unique in allowing meme coins to be used to place bets.
Not the casino we deserve but the casino we need 🎰 #MemeBet #Presale & #Airdrop coming soon! 🚀 #Memecoins, #Crypto gaming and more! 🎮🏆 $COIN $DOG $PEPE #SOL #RNDR pic.twitter.com/oR2xja6JFK
— MemeBet (@Memebetcasino) May 23, 2024
The platform incorporates an innovative play-to-earn initiative that rewards Memebet Casino users who wager their tokens. This means that even if bets don’t go investors’ way, they can still walk away with something.
And the more you bet with the MEMEBET Token, the bigger your rewards. Early adopters can also benefit from an airdrop campaign by purchasing tokens during the presale and using them once the casino is live.
To join the presale, you can buy $MEMEBET Token on the official website here for $0.0254 using USDT, ETH, or a bank card. With a price hike coming in about 2 days, buy soon to lock in the best deal.
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