Was Jack Dorsey Right? Hamster Coin Is Striking Major Gains Today Even As Ethereum And Dogecoin Slump

Twitter Inc. TWTR CEO Jack Dorsey’s unwitting suggestion about Hamster HAM/USD may apparently be coming true, as the cryptocurrency struck major gains early Friday even as Ethereum ETH/USD and Dogecoin DOGE/USD fell.

What’s Moving? Hamster has gained 17.3% over the past 24 hours to $0.00000004288 at press time. The coin is also trending in the top spot, as per CoinMarketCap data.

The token has surged 23.9% against apex cryptocurrency Bitcoin and also risen 22.00% against Ethereum. Trading volumes in Hamster rose 30.7% to $2.99 million at press time over 24 hours.

See Also: How To Buy Ethereum (ETH)

For comparison, Ethereum is down almost 4.5% during the past 24 hours, trading at $4,053.22 at press time. Dogecoin has lost 5.1% over the past 24 hours to $0.2220.

See Also: Hamster Cryptocurrency Shoots Up 465% — Courtesy Of Elon Musk And Dogecoin Creator?

Why It Matters: Hamster Coin, a token launched on the Binance Smart Chain network, took to Twitter on Thursday to say that it will be listed on the cryptocurrency trading platform P2PB2B.

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To be continued. https://t.co/yjCgH9zi2l

— HAMSTER COIN (@_hamster_coin) November 18, 2021

The coin says on its website that Hamster Coins unlocked within certain periods of 50% of supply will be burned for Dorsey.

Dorsey’s suggestion, understood to be made as a joke, in July on Twitter that Hamster is better than Ethereum and Dogecoin — a cryptocurrency endorsed by Tesla Inc. TSLA CEO Elon Musk — had caused Hamster’s price to surge nearly 252% in one day. Dorsey’s tweet was in response to a post by Coincenter’s Neeraj Agrawal.  

HamsterCoin > https://t.co/EsysB6xM7x

— jack (@jack) June 30, 2021

Dorsey is widely known to be a so-called “Bitcoin maximalist,” meaning that he believes Bitcoin has all — or nearly all — the value that can be found among all the digital assets and would dominate the space.

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