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Highlights
- Hamster (HAM) cryptocurrency prices continued to rise on Wednesday, a day after Elon Musk lauded Hamster Goxx in a tweet.
- However, there seemed to be no connection between the HAM crypto and Hamster Goxx. Still, there have been some wild guesses that he might have mentioned about the coin.
- On the other hand, Avalanche (AVAX) prices jumped after solid growth projection.
Prices of Hamster (HAM) cryptocurrency rose on Wednesday, a day after Tesla founder Elon Musk tweeted about Hamster Goxx, although whom he was alluding to remain a mystery. Musk lauded Goxx in a tweet. However, many twitterities might have mistaken it with the cryptocurrency.
On Sep 28, Musk had tweeted, “Hamster has mad skillz!!” in reply to Dogecoin creator Billy Markus’s tweet applauding Goxx, the crypto trading hamster. Within no time, Hamster (HAM) prices surged by 464.46% to US$0.0000000016.
The rise continued Wednesday, with a 147.12 percent jump, to US$0.00000000067. However, there is no connection between the hamster referred to by Musk and cryptocurrency Hamster (HAM). Thus, HAM got lucky with Musk’s tweet.
HAM ranks 2980th among other cryptos, as per CoinMarketCap. However, HAM’s market cap and the number of tokens in circulation were not immediately available. On June 30, the HAM crypto also saw a similar surge after Twitter CEO Jack Dorsey tweeted ‘HamsterCoin’.
Who is Mr. Hamster Goxx?
Mr. Goxx is the CEO of Goxx Capital and a crypto trading hamster. He has been trading since July this year. Mr. Goxx’s holdings reportedly grew by 16 percent since he started trading in July. It is impressive as Bitcoin rose by 14 percent and S&P rose by 5 percent in this period. Meanwhile, Warren Buffett’s Berkshire Hathaway B shares fell 2%. Goxx also pays taxes.
Mr. Goxx’s business partner reportedly prefers to remain anonymous, and Mr. Goxx works from a “Goxx Box”, a sophisticated hamster cage, for certain hours of the day according to a media report. He also livestreams crypto trading sessions on Twitch.
Also read: The Crypto Heist: Who is the Professor in the Crypto World?
Source: Pixabay.
Avalanche (AVAX)
Avalanche coin price rose by 0.38 percent to US$64.53 at 12.41 pm ET on Sep 29.
The crypto market has been retreating since China’s crypto ban. Prices of Bitcoin and many other cryptocurrencies have plummeted in recent days. Bitcoin prices fell by 10 percent.
Prices of Avalanche, on the other hand, have been rising despite market volatility. Its strong growth projections could be the reason. AVAX’s TVL (total value locked) rose from US$312 million on August 18 to US$2.6 billion on September 14, as per ambcrypto.com.
Also read: Will China’s Latest Crypto Crackdown Harm the Long-Term Crypto Market?
Its daily transactions increased from 43,243 on August 18 to 220,222 on September 14. Besides, Avalanche completed US$230 million in private sales of AVAX tokens.
Bottomline
The cryptocurrency market experiences high volatility, and as such, investors should carefully evaluate the companies and weigh their options before investing in cryptos.
