The $HMSTR token was officially listed on September 27, 2024, accompanied by a significant airdrop. Prior to its launch, Binance had locked over $3 billion of the token, promising to distribute it to users. However, shortly after trading began, the token's price dropped more than 20% from its peak of $0.015 to around $0.0087, reflecting the volatility typical of new cryptocurrencies.
âĄïžPrice Analysis
- Current Price: Approximately $0.0085
- Support Level: $0.0050
- Resistance Level: $0.010
A breach of the support could lead to further declines, while a break above $0.010 may signal a potential upward trend.
âĄïžMarket Sentiment and Player Reaction
The recent price decline has left many players disillusioned. Initial excitement was followed by a sell-off, compounded by controversies surrounding the token's launch and its subsequent performance. Many players reported dissatisfaction with the airdrop rewards, and rule changes led to the disqualification of numerous accounts, sparking outrage among the community.
âĄïžChallenges Faced
1. Expectation vs. Reality: Players felt misled when the focus shifted from "Points Per Hour" to "key collections," leading to frustration over their efforts being devalued.
2. Cheating Allegations: Over 2.3 million accounts were banned for alleged cheating, further alienating genuine players.
3. Unequal Distribution:Influencers reportedly received larger airdrop amounts compared to regular players, causing resentment.
4. Vesting Policy: The implementation of a vesting schedule without prior notice raised eyebrows, as it restricted access to the majority of tokens.
