A tweet from the chief executive officer of Tesla, Elon Musk, praising the skills of Hamster got the HAM recording a 464.46% increase in the value of cryptocurrency in the time frame of 24 hours. The coin trades at 0.0000000016, which translated into a rise of 458.74% and 453.2% vis-a-vis Ethereum and Bitcoin. It is important to note that Ethereum and Bitcoin will open their trade innings on Wall Street. What comes as an additional push to their adoption in the crypto industry is that users on Coinbase are now allowed to deposit in their accounts. According to the Money Control, the performance of all the digital assets will be recorded on the S&P Crypto Mega Cap Index, S&P Ethereum Index, and S&P Bitcoin Index, and the performance will be directly linked to the trading floors.
According to the latest news from the cryptocurrency market, there is a decline in Bitcoin and Ethereum. Coinmarketcap revealed that the decrease in Bitcoin was around 5.5%, while Ethereum fell by around about 6% on Friday last week. Still, then a report by Forbes reveals that Ethereum and Bitcoin registered an increase of 12% and 5% since Sunday, which is a good indicator for investors.
It’ll be interesting to witness whether the uptick in the prices of HAM is going to stay here for a longer time frame or not. The volatility of the cryptocurrency market is quite known to all. With things changing constantly, it becomes difficult for even cryptocurrency experts to have the right idea of crypto prices in the future. Even in the case of Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization, accurate prediction is not possible. Hence, it is very much apparent that making any accurate forecast of HAM is even more challenging.