Markets

What will the price of Hamster Kombat tokens be at launch?

Published

9 months ago

16 July, 2024

What will the price of Hamster Kombat tokens be at launch?

With Hamster Kombat gearing up for its token launch in late July, the big question is: what will the token price be at launch? Given its 250 million user basethe potential impact on the token value is significant.

Despite the hype surrounding Hamster Kombat, critical details about its tokenomics remain under wraps. Bybit already listed HMSTR in its pre-market phase speculated a total supply of 10 billion tokens for initial valuation purposes. However, this number is still uncertain and could change depending on when the project officially reveals more information.

Some may think that HMSTR tokens will directly correspond to a user’s coin balance, but in reality, the system will take into account player activity and hourly revenue to incentivize gameplay. Therefore, the next step involves a detailed analysis of Hamster Kombat to project its supply and approximate token price at launch.

Hamster Kombat features a tiered ranking system. These include Bronze, Silver, Gold, Platinum, Diamond, Epic, Legendary, Master, Grandmaster, and Lord. Additionally, there is an eleventh rank designated for the game’s creators, called Creator. In our review, the distribution of Hamster Kombat’s user base is structured as follows:

RankPercentage of user base

Bronze	50%
Silver	25%
Gold	12.5%
Platinum	6.25%
Diamond	3.13%
Epic	1.56%
Legendary	0.78%
Teacher	0.39%
Grand Master	0.2%
Sir	0.1%

We assumed that the distribution of users across ranks is such that higher ranks have fewer users. We then looked at the revenue data for the top 100 users in each rank. For example, in the Bronze rank, the top user earns 33,612 coins per hour, while the 100th user earns 8,189 coins per hour. Using this data, we calculated the average revenue for the top 100 users in each rank. This gave us an idea of the earnings at the top end of each rank.

To estimate the average revenue for all users within each rank, we assume that users beyond the top 100 earn progressively less. We approximate this average by assuming that it is approximately half the average revenue of the top 100 users. This adjustment accounts for the decrease in earnings as we move down the ranks.

Using the estimated average revenue for each rank and the number of users in each rank, we calculated the total revenue for each rank. By adding up the total revenue for all ranks, we estimate that the total hourly revenue for all users in Hamster Kombat is approximately 21.89 trillion coins.

RankUsersTop User Revenue100th User RevenueAverage Revenue (All Users)

Bronze	125,000,000	33,612	8.189	3.374
Silver	62,500,000	201,000	41,429	20.210
Gold	31,250,000	670,000	145,000	66,984
Platinum	15,625,000	1,400,000	373,000	140,000
Diamond	7,812,500	2,200,000	762,000	215,000
Epic	3,906,250	3,200,000	2,800,000	1,585,000
Legendary	1,953,125	4,400,000	3,800,000	2,185,000
Teacher	976,563	4,300,000	3,900,000	2,125,000
Grand Master	488,281	4,600,000	4,200,000	2,265,000
Sir	244,141	5,000,000	4,300,000	2,488,000

If the Hamster Kombat team chooses to distribute tokens in such a way that 1 HMSTR equals 1 coin per hour of revenue, the total supply would be 21.89 trillion HMSTR tokens. Given the large user base, we can assume that the market cap could reach approximately $2 billion. This market cap would place the token at the top of the gaming category, according to CoinMarketCap.

With a market cap of $2 billion, the price per token would be calculated by dividing $2 billion by 21.89 trillion HMSTR tokens. This gives a token price of approximately $0.0000913 per HMSTR.

However, if the distribution model is set up so that 1 HMSTR is equal to 10,000 coins per hour of revenue, the total supply would be significantly reduced. In this scenario, the total token supply would be 21.89 trillion coins divided by 10,000, which equals approximately 2.189 billion HMSTR tokens.

Given the same market cap of $2 billion, the price per token would then be calculated by dividing $2 billion by 2.189 billion HMSTR tokens. This would result in a token price of approximately $0.914 per HMSTR.

At the time of writing, Bybit’s pre-market trading has a minimum price of $0.001 and a maximum price of $1.00, with the last traded price being $0.225. However, it is important to note that these are pre-market prices, and our estimate is merely a projection. It does not necessarily reflect the prices at which readers will be able to buy or sell the token when it is finally launched.

Once the token is listed, many players will likely sell their tokens, leading to a significant influx of sell orders. While some users may play for fun, a large number will attempt to convert their winnings into cash, driving the price down. This initial surge in sell orders will likely create downward pressure on the price, potentially causing it to fall below pre-market levels within minutes, hours, or days of the launch. We assume that the price could fall by around 50%, which would result in a price of approximately $0.457 per HMSTR and a market cap of around $1 billion, assuming a distribution rate of 10,000 coins per hour equals 1 HMSTR.

Disclosure: This article does not constitute investment advice. The content and materials presented on this page are for educational purposes only.

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Markets

Crypto Markets Rebound as Spot Bitcoin ETFs Attract Massive Inflows

Published

9 months ago

17 July, 2024

FinCrypt Staff

Crypto Markets Rebound Ahead of Early Ethereum ETF Approval

This week saw $722 million worth of Bitcoin spot ETF inflows, including the largest daily inflow in a month.

Cryptocurrency markets rallied on Wednesday, driven by inflows into spot Bitcoin exchange-traded funds (ETFs).

The price of Bitcoin (BTC) is up 3% over the past 24 hours to last change hands at $65,200, according to CoinGecko. Ethereum (ETH) is up 2% and is trading at $3,471. Solana (SUN) and Polkadot (POINT) increased by 4%.

Bitcoin spot ETFs saw $422 million in daily inflows on Tuesday, the highest in the past 30 days, according to Far side data, . The all-time record for a single day was $1.05 billion on March 12.

Among Tuesday’s top contributors, BlackRock’s IBIT led with $260 million in inflows, followed by Fidelity’s FBTC with $61 million. This week has already seen more than $722 million in inflows.

Among the top 100 cryptocurrencies by market cap, Worldcoin (WLD) led with a 28% increase, followed by Helium (HNT) with 20% and Lido DAO (LDO) with 15%.

Worldcoin, a decentralized identity project led by OpenAI CEO Sam Altman, announced is extending the lockups for early investors and team members. This means that tokens will be gradually released through 2029, instead of the original 2027 plan. Token unlocks are generally seen as a negative because they increase supply and early investors can sell their tokens for profit.

Meanwhile, XRP, the token of the XRP Ledger network, jumped 8% after the CME and CF benchmarks introduced new indices and reference rates for XRP.

U.S. stocks faced a downturn on Wednesday. The S&P 500 fell 1%, while the Nasdaq Composite and Dow Jones Industrial Average both fell 2%.

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Markets

Altcoins on the cusp of a major breakout – WLD, AR, and INJ prices could surge by 20% in the coming days

Published

9 months ago

17 July, 2024

FinCrypt Staff

Altcoins on the cusp of a major breakout – WLD, AR, and INJ prices could surge by 20% in the coming days

Crypto markets appear to have been taken over by the bulls as major tokens have surged above their crucial resistance zone. Bitcoin surged above $65,000 while Ethereum was above $3,500, and XRP, which had remained passive for quite some time, surged over 40% in the past few days to hit $0.6. The uptrend has been captured in most altcoins, with Worldcoin (WLD), Arweave (AR), and Injective (INJ) leading the rally. Here’s what to expect for these tokens in the coming days.

Worldcoin (WLD) Price Analysis

O Worldcoin Price has been trading inside a descending wedge since it marked a new ATH near $12 in the final days of Q1 2024. The recent price action helped the price break out of the upper resistance of the wedge, breaking above the crucial resistance zone between $2.21 and $2.39. Market sentiments have changed, but technicals suggest that the bulls may remain passive for a while, which could offer some room for a bearish pullback.

The price broke out of the wedge with a significant increase in volume, but the current volume suggests that the bulls have taken a step back. Meanwhile, the RSI is about to reach the upper boundary, which could attract bearish forces. Additionally, the DMI has undergone a bullish crossover, but the decline in the ADX suggests that the rally may remain consolidated above the gains. Therefore, the WLD price is expected to maintain a horizontal consolidation between $3 and $3.3 and trigger a fresh rally to $4.4 during the next bullish rally.

Arweave (AR) Price Analysis

Arweave formed a strong base around $25, which helped the rally trigger a recovery during the bearish attack. Mt. Gox and German terror forced the price to fall below $20. However, the recent price action has brought the altcoin within the bullish range and raised expectations of maintaining a decent uptrend for a few more days.

AR price has hit one of the major resistances around $30 to $31.5, which could act as a strong base once overcome. The buying volume is slowly increasing, which could keep the bullish hopes for the rally high. Moreover, the supertrend has just flashed a buy signal, indicating a clean reversal of the trend. Therefore, AR price seems primed to maintain a healthy uptrend and rally above $40. However, if the bulls maintain a similar trend, making new highs above $50 may not be a tedious task for the bulls.

Price Analysis of Injective (INJ)

Injective price has been showing sharp strength since the beginning of the year and hence, the recent turnaround is expected to revive a good uptrend going forward. The bears engulfed the rally to a large extent, but the recent price action suggests that the bulls have regained their dominance. Therefore, INJ price is expected to maintain a strong uptrend with a bearish interference on the way down.

INJ price has surged above the lower support zone and has registered consecutive bullish candles. Although the volume is below the required levels, the OBV is maintaining a sharp uptrend. Furthermore, the Ichimoku cloud lead span B is heading towards the lead span A and a healthy crossover indicates the start of a new uptrend. However, INJ price may be out of the bears’ reach once it secures the resistance zone between $30.77 and $32.12, which seems to be on the horizon.

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Markets

Ethereum at $3.5K, Exchange Supply Hits 34-Month High

Published

9 months ago

17 July, 2024

FinCrypt Staff

Ethereum at $3.5K, Exchange Supply Hits 34-Month High

Ethereum (ETH) supply on exchanges has hit a 34-month high as the asset’s price surpassed the $3,500 mark.

ETH has risen 2.3% over the past 24 hours and is trading at $3,490 at the time of writing. The second-largest cryptocurrency — with a market cap of $419 billion — briefly touched an intraday high of $3,517 earlier today.

ETH Price, Whale Activity, RSI, and Exchange Supply – July 17 | Source: Santiment

Ethereum’s daily trading volume also increased by 7.6% to reach $19.8 billion.

According to data provided by Santiment, the supply of Ethereum on exchanges has reached $19.52 million ETH. This level was last seen in September 2021, when the asset was trading around the same price.

On the other hand, data from the market intelligence platform shows that the number of whale transactions has fallen by 12% in the last day — falling from 8,730 to 7,629 unique transactions per day.

The move shows that the supply of Ethereum on exchanges has been increasing with small deposits rather than large transactions from whales.

Additionally, the ETH Relative Strength Index (RSI) is currently hovering at the 60-mark, per Santiment. The indicator shows that Ethereum is slightly overbought at this price point, but it may not be in a critical position due to its large market cap.

One of the main drivers of Ethereum price increase is ETH spot expectations ETFs in the US Investment products are scheduled to start trading on July 23rd.

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Markets

Bits + Beeps: How to Play the ‘Trump Trade’ in Cryptocurrencies After the Assassination Attempt

Published

9 months ago

17 July, 2024

FinCrypt Staff

Bits + Bips: How to Play the ‘Trump Trade’ in Crypto After the Assassination Attempt

Also, how much will the Fed cut rates (and when)? What will be the inflows into ETH ETFs? And what is the near future for Bitcoin?

Posted on July 17, 2024 at 12:00 PM EST.

Listen to the episode at Apple Podcasts, Spotify, Capsules, Source, Podcast Addict, Pocket molds, Amazon Musicor on your favorite podcast platform.

In this episode of Bits + Bips, hosts James Seyffart, Alex Kruger and Joe McCann, joined by guest Jack Platts, dive into the market reaction to the recent assassination attempt on former President Donald Trump, analyzing how this event will influence the 2024 US presidential election and the cryptocurrency markets.

They also cover potential rate cuts: Could there be a cut in July? How big could the September rate cut be? Could the decision be influenced by the upcoming election?

They also give their predictions on what percentage of BTC ETF inflows the ETH ETFs will reach, and James talks about what he expects for Grayscale’s ETHE (hint: his outlook would be positive for ETH).

Finally, they delve into what’s next for Bitcoin as the German government runs out of BTC and Mt. Gox distributions begin. Just now?

Program Highlights:

Whether Trump’s shooting decided the election and whether the event caused a “flight to safety”
How election markets are becoming a place to watch election probabilities and whether cryptocurrencies “lean right”
Whether rate cuts will occur in July or September and by how much they will cut: 25 bps or 50 bps
How Joe sees the relationship between global liquidity cycles, rate cuts, and the potential rise of Bitcoin
What are the new updates about Ethereum ETFs and their expected launch?
Why Solana Hasn’t Performed Significantly Better Since Trump News
What Market Breadth Indicates About the Current Market Rally and the Impact of Rates on Small Caps
Everyone’s predictions on ETH ETF inflows and how much outflow we’ll see on Grayscale’s ETHE
What’s Next for BTC After German Government Exits Bitcoin and Mt. Gox Giveaways Starting This Week