Can tapping a hamster make you money? Hamster coin bounces back despite recent crash

This week, it experienced a significant drop from high valuations to the bottom of trading on cryptocurrency exchanges. Despite the considerable pre-market crash, specialists believe it still has the potential to recover and bring real benefits to users. However, it is necessary to assess all risks, as there is no precise information on which exchanges the token will be listed.

On July 8, the cryptocurrency exchange Bybit announced pre-market trading of HMSTR, also known as Hamster Coin. The initial trading led to a sharp rise in the token’s value, with prices reaching $62,000 per 1 million “hamster coins”. However, a subsequent crash occurred, and HMSTR sharply depreciated amid numerous transactions on platforms such as Binance, KuCoin, and CoinGecko. Despite this, many experts are confident that the growth will resume.

“In these games, there’s a real opportunity for making money,” an anonymous broker explained. “Just think of the digital cryptocurrency Notcoin, which is designed to provide fast transactions and low fees. It has brought the Ton ecosystem to crypto exchanges, and people have earned 200-500 dollars just by tapping on the screen.”

Experts in cyber finance are convinced that in the initial stage of pricing, the dynamics of Hamster Coin and its predecessor Notcoin may be similar by 90%. After that, the currency’s value will depend on its demand among users.

Essentially, the creators of “Hamster Coin” have already made money before the coin’s release while also investing in the creation of the blockchain system.

At the same time, many users believe that there is safe way to withdraw their virtual money from the game application. But the HMSTR pre-market requires sellers to deliver coins upon listing and buyers to purchase at an agreed price, with the exchange holding collateral. However, the developers haven’t explained how tokens will be allocated, risking the deal’s collapse due to a lack of currency from the seller.

Players will first receive some earned currency, then HMSTR will be officially listed on the exchange for P2P sales and bank withdrawals.

The Hamster Kombat airdrop (free distribution of tokens) is set for this month. Given the current cryptocurrency downturn, entering the market now is risky, the expert community suggests.

Some desperate users fall for scams, such as buying coins through fraudulent Telegram bots or providing card details for withdrawals. These methods are unsafe and should be avoided. The internet guideline for detecting scams concludes that there are no official or secure ways to cash out from Hamster Kombat to a card.