HAM Crypto: How to Buy Hamster Crypto and Why You Shouldn’t
For a glance at just how irrational the crypto markets can be, look not further than HAM crypto. HAM is the ticker for the Hamster Coin cryptocurrency. It’s a largely worthless token with a max supply of ten quadrillion. By contrast, there is roughly $40 trillion in U.S. currency in circulation. And money in the form of investments, derivatives and all cryptocurrencies equals around $1.3 quadrillion. That’s why HAM crypto is worth $0.000000000716… give or take a couple decimal places.
But the truly crazy part is that this mostly unknown coin shot up more than 450% in a matter of days. Before this past weekend, nobody was paying much mind to HAM crypto. Hamster Coin was seemingly small project with a loyal, but modest group of followers. Then came news about a gifted crypto investor… that just happened to be a hamster.
Without getting into the nitty-gritty, a hamster going by the name Mr. Goxx (nice nod to the former crypto exchange) was sort of taught to trade a small portfolio of cryptocurrencies. Whoever it is takes care of Mr. Goxx, set up an office with a series of exercises that trigger crypto trades. First, the hamster runs on the “intention wheel.” This helps it pick which crypto to trade. And when the token is chosen, the rascally rodent goes through one of two “decision tunnels.” This triggers whether said crypto should be bought or sold.
It’s a cute gimmick that racked up more than 9,000 followers on Twitch. You can check out its feed here. But recently, it came to light that Mr. Goxx was more than an average trader…
HAM Crypto Gets a Boon From Mr. Goxx
Over the weekend, it came to light that Mr. Goxx was not your average investor. In a matter of a few months, Mr. Goxx’s portfolio was up a tidy 24%. Not too shabby. Turns out, it was outperforming the S&P 500. And news of the rodent’s skills quickly got around. The first place we saw it was on Markets Insider. Then the story got legs and did the rounds on Reddit and Twitter.
What would have made perfect sense is that the story quickly came and went. Some laughs were had. Maybe, Mr. Goxx winds up with a few more followers. And most likely, a few allusions to Buton Malkiel’s A Random Walk Down Wall Street would be made. But that’s not all that happened… Whoever Mr. Goxx’s agent is deserves an award.
Apparently, enough word-of-mouth about the story led to a massive increase in searches for “hamster crypto” on Google. As you can see below, it was a pretty significant spike:
The kicker though is that Mr. Goxx didn’t get top billing from Google. And a certain HAM crypto did get a lot of attention. As interest in Hamster Coin was building, the BBC picked up the story too. And this landed in Elon Musk’s Twitter feed. To which he responded:
Hamster has mad skillz!!
— Elon Musk (@elonmusk) September 28, 2021
And a trend was born. A few hundred retweets and thousands of “likes” later, folks stopped Googling “HAM crypto.” Now they wanted to know “how to buy hamster crypto.” Well, if you really want to know, here’s the deal…
How to Buy Hamster Crypto
If you’ve got a couple bucks burning a hole in your crypto wallet that you’d prefer to part with, head on over to PancakeSwap. We’ll even throw in a link to it here. Then you’re going to need to connect your wallet. If you have some Binance Coin, drop it in there and set up a trade for Hamster Coin. Bada bing, bada boom.
That being said, we really suggest you check out the HAM crypto whitepaper before investing any of your hard-earned crypto in Hamster Coin. If you still like what you see, have at it. And good luck on your trip “to the moon.”
It’s really hard to imagine a trend like this lasting more than a few hours… Let alone a few days. But the crypto markets ebb and flow with the latest headlines. A few more tweets from Musk and maybe a Mark Cuban to boot and who knows. Maybe entertainment facilities in Paraguay will start accepting it too. Then all bets are off.
The Bottom Line on HAM Crypto
It doesn’t take much to move the crypto markets. Especially when an unknown token starts getting a lot of attention – accidental or not. And with the crypto markets largely sagging, it seems folks were just hungry for some entertainment. Well, they got it. And hopefully a handful of early HAM crypto investors were smart enough to get out when the getting’ was good. Because for all intents and purposes, it seems Hamster Coin has run its course.
If you’re looking for crypto advice from outside of the chordata phylum, we wholly suggest signing up for Manward Financial Digest. In it, crypto expert Andy Snyder helps guide investors toward the next-generation cryptocurrencies that actually serve a purpose. As adoption soars, so will the value of the tokens revolutionizing the impact of blockchain technology. If you want to get in early, all you have to do is enter your email address in the box below to get started.
About Matthew Makowski
Matthew Makowski is a senior research analyst and writer at Investment U. He has been studying and writing about the markets for 20 years. Equally comfortable identifying value stocks as he is discounts in the crypto markets, Matthew began mining Bitcoin in 2011 and has since honed his focus on the cryptocurrency markets as a whole. He is a graduate of Rutgers University and lives in Colorado with his dog, Dorito.