by Shivdeep Dhaliwal, Benzinga Editor
September 28, 2021 10:15 PM |
2 min read
Hamster HAM/USD cryptocurrency is skyrocketing on Tuesday— seemingly thanks to Mr.Goxx, a cryptocurrency trade-picking hamster.
What Happened: HAM traded 464.46% higher at 0.0000000016 over 24 hours leading up to press time.
See Also: How To Buy Ethereum (ETH)
The coin has shot up 453.2% and 458.74% against Bitcoin BTC/USD and Ethereum ETH/USD respectively.
On Tuesday, Tesla Inc TSLA CEO Elon Musk made a reference to Mr. Goxx on Twitter, and posted, “Hamster has mad skillz!!” in response to a post related to the hamster fromDogecoin DOGE/USD creator Billy Markus.
— Shibetoshi Nakamoto (@BillyM2k) September 28, 2021he clearly needs an iced out diamond and gold hamster ball
so he could become a hamster baller
Why It Matters: The hamster, named after the former cryptocurrency exchange Mt. Gox, has been making cryptocurrency trades for its human owner since June 12.
The hamster’s trades have outperformed those of Warren Buffett’s Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) and Ark Invest fund manager Cathie Wood.
See Also: How To Buy Hamster Coin
Back in July, Twitter Inc TWTR CEO Jack Dorsey had replied “HamsterCoin” to a tweet that noted that the “biggest threat to ethereum is dogecoin.”
Markus also participated in that Twitter thread at the time and said “by transitive property, hamster coin is the biggest threat of all.”
That Twitter conversation had led to a surge in the popularity of HAM.
Thank you @jack We are now on the #1 On Hotbit
— HAMSTER COIN (@_hamster_coin) June 30, 2021
It's because of you.HODL#Hamstercoin is the best project@_hamster_coin
Contract address: 0xb7b36ca86685af52186f1f9394e91d115a9da654#HAMSTER #BinanceSmartChain #Binance #PancakeSwap #Bitcoin @cz_binance @Hotbit_news
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
As a seasoned cryptocurrency enthusiast and expert, it's fascinating to delve into the intricate dynamics of the crypto market, especially when unusual phenomena like the Hamster HAM/USD cryptocurrency emerge. The article by Shivdeep Dhaliwal on Benzinga, dated September 28, 2021, sheds light on a rather extraordinary character in the crypto space – Mr. Goxx, a cryptocurrency trade-picking hamster.
Now, let's break down the key concepts mentioned in the article to provide a comprehensive understanding:
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Hamster HAM/USD Cryptocurrency Surge:
- The Hamster coin (HAM) experienced a remarkable surge of 464.46% over 24 hours leading up to the publication of the article.
- It's crucial to note the specific trading pairs mentioned, with the coin surging 453.2% against Bitcoin (BTC/USD) and 458.74% against Ethereum (ETH/USD).
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Elon Musk's Involvement:
- Tesla CEO Elon Musk, a prominent figure in the crypto community, made a reference to Mr. Goxx on Twitter, expressing admiration for the hamster's trading prowess. Musk's tweet, stating "Hamster has mad skillz!!," likely contributed to the increased attention on Hamster coin.
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Mr. Goxx's Trading Performance:
- Mr. Goxx, named after the infamous cryptocurrency exchange Mt. Gox, has been actively making cryptocurrency trades for its human owner since June 12.
- Remarkably, the hamster's trading performance has outpaced renowned investors such as Warren Buffett's Berkshire Hathaway and Ark Invest fund manager Cathie Wood.
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Twitter Influence on HAM Popularity:
- Twitter has played a significant role in boosting the popularity of HAM. Jack Dorsey, CEO of Twitter, contributed to the hype by responding with "HamsterCoin" in a tweet discussing the competition between Ethereum and Dogecoin.
- Billy Markus, the creator of Dogecoin, participated in the Twitter conversation, stating that, "by transitive property, hamster coin is the biggest threat of all." This interaction further increased the visibility of HAM.
-
HAM's Presence on Hotbit:
- A tweet expressing gratitude to Jack Dorsey for the increased visibility resulted in HAM being listed as the #1 on Hotbit.
- The tweet also includes mentions of Binance Smart Chain, PancakeSwap, Bitcoin, and tags influential figures in the crypto space.
In conclusion, the Hamster coin's meteoric rise, driven by the unconventional trading activities of Mr. Goxx the hamster, showcases the unpredictable and often whimsical nature of the cryptocurrency market. Social media influencers, including Elon Musk and Jack Dorsey, have played pivotal roles in amplifying the coin's popularity, turning it into a meme-worthy phenomenon within the crypto community.
