As a seasoned crypto researcher with over a decade of experience navigating the digital asset landscape, I’ve seen countless projects come and go, some leaving lasting impacts while others fading into obscurity. Today, I find myself intrigued by Binance’s decision to expand its support for Hamster Kombat (HMSTR), a Telegram-based Play-to-Earn game.
Binance, a major cryptocurrency exchange, recently broadened its trading services for the Play-to-Earn game Hamster Kombat, which is based on Telegram. This move has generated excitement across the broader crypto market. Specifically, Binance will now support the HMSTR token in its Earn, Buy Crypto, Convert, and Margin platforms. Additionally, the P2E token became available for trading on various cryptocurrency exchanges worldwide today. Some crypto market participants are debating whether Binance’s expanded support could lead to price increases in the Telegram-based coin.
Binance Enhances Offerings For Hamster Kombat (HMSTR)
Based on an official Binance statement from September 26, Hamster Kombat is set to join the exchange’s collection of offerings today. According to the announcement, Hamster Kombat (HMSTR) will be available in areas such as Simple Earn, Buying Crypto, Conversion, Margin Trading, and Auto-Invest on the leading cryptocurrency trading platform.
Today at 12 UTC, HMSTR’s adaptable financial products will make their debut on CEX. At the same time, it was disclosed that users can purchase this token using VISA, MasterCard, Google Pay, Apple Pay, or through their wallet balances in the ‘Buy Crypto’ section. Additionally, users of the platform can start trading the P2E coin with BTC, USDT, and any other tokens on Convert at no fees, starting an hour after spot listing. Lending assets for the same will begin at 13 UTC today on Cross and Isolated Margin platforms.
In simpler terms, the recent announcement has instilled confidence about the future of the Play-to-Earn project on Telegram, as historical patterns suggest a positive influence on a token’s value. Specifically, the price of Catizen (CATI) skyrocketed by more than 30% upon its launch on leading cryptocurrency exchanges.
How’s The Coin Performing?
At the current moment, HMSTR experienced a decrease of approximately 13% following its listing and is being traded at around $0.008454. Earlier today, the coin reached a high of $0.008834 and a low of $0.01004. Cryptocurrency investors are closely monitoring HMSTR due to its recent listing, hoping for possible price increases in the future.
Meanwhile, it’s also worth noting that the abovementioned crypto exchange recently recorded a whopping $14 billion locked in Binance Launchpool amid the HMSTR token airdrop. This chronicle further underscores the rising popularity of the TG game, hinting at an optimistic future for the asset.
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2024-09-26 17:49