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Hamster Kombat (HMSTR) boasted 11 Million on-chain token holders, positioning it just behind Aptos, yet surpassing others like Immutable (IMX), Mantle (MNT), Cardano (ADA), Starknet (STRK), Polkadot (DOT), and Injective (INJ) in terms of holder count.
Hamster Kombat community on X equated the base of holders to filling over 239 Yankee Stadiums, illustrating the massive community belief and support in HMSTR’s value.
With such a vast and committed user base, HMSTR was clearly a force in the crypto world. Remarkably, 73% of the CoinMarketCap community expressed bullish sentiments toward HMSTR, signaling widespread optimism about its future prospects.
11 million! 11 million on-chain $HMSTR holders! You know HOW MUCH this is?It’s over 239 Yankee Stadiums full of Hamsters holding the tokens and believing in its value!And they’re not alone. 73% of the CoinMarketCap community is bullish on $HMSTR.You know why?… pic.twitter.com/vt0gCIF1LA— Hamster Kombat (@hamster_kombat) November 14, 2024
This enthusiasm was rooted in the concept that ‘Hamsters are the new whales,’ suggesting that small but numerous investors can collectively wield substantial influence over the market.
This massive backing could very well set the stage for HMSTR to lead a new wave in the cryptocurrency space.
As enthusiasm continues to build, HMSTR could be poised for potential explosive growth, aiming to soar to unprecedented heights, ‘to the moon,’ as the community could say.
This rallying cry encapsulated the fervor and high expectations surrounding HMSTR as it gears up to shake up the crypto market.
HMSTR Potential Wedge Breakout
HMSTR showed signs of a potential breakout on the lower time frames (LTFs) from a falling wedge pattern. The pattern, typically known for its bullish implications, suggests that HMSTR might be gearing up for a significant price movement.
If the price strongly flips above the wedge’s resistance line, it could set off a bullish rally. Notably, there has been an uptick in volume, indicating growing momentum and interest from traders.
This increased activity and the current market structure hint that HMSTR could be on the verge of reclaiming its all-time high (ATH).
Investors and traders should keep a close eye on whether HMSTR can maintain this momentum and break through the resistance.
A successful breakout and hold above this level could confirm the bullish sentiment, potentially propelling the price toward new highs.
Social Volume For Top Coins
HMSTR also led the charts among coins with a market cap under $1 Billion, in terms of social volume and activity.
Hamster Kombat registered the highest social volume with 12K posts, far surpassing other contenders such as ApeCoin (APE) with 10K, MultiversX (EGLD) at 9.5K, Holo (HOT) with 7K, and PAAL at 6K.
In terms of interactions, Hamster Kombat again was second to PAAL AI (PAAL) which had a remarkable 7 Million interactions compared to HMSTR’s 6 Million, demonstrating significant community engagement compared to ApeCoin (2M), EGLD (2M), and Holo (737K).
The engagement was a clear indicator of the community’s active involvement and belief in Hamster Kombat’s potential.Moreover, HMSTR showed impressive social dominance, holding 0.87% of the conversation across social platforms.This was only slightly higher than ApeCoin’s 0.73%, and significantly more than Elrond’s 0.55%.This social dominance noting HMSTR’s influential presence in crypto discussions, potentially signaling more growth and adoption in the near future.Such strong social metrics could indicate Hamster Kombat could reclaim its high as community support often precedes price rallies.
