What is Hamster Coin and price predictions revealed

IT'S been a big week of gains for Hamster Coin – and now some are wondering if this will become the next big meme token.

In the past 24 hours, the cryptocurrency has risen 7% to $0.000000042451, according to CoinGecko.

Furthermore, Hamster Coin has climbed 75% and 170% in the past week and month respectively.

Hamster has gained as crypto exchange P2PB2B confirmed on Thursday that the meme coin would get listed.

"Being listed on an exchange, only makes Hamster more accessible for people to buy and sell it," Goldman Sachs expert Andrew Lokenauth told The Sun.

He added: "Being on an exchange makes it easier to trade the coin, which can be a positive driver for price."

But before investing – make sure you understand the risks.

The biggest thing with any cryptocurrency is the extreme volatility that they are subject to – meaning you could lose a lot of money if you’re not careful.

And this is taken a step further with meme coins like Hamster. This is because meme coins don’t gain off fundamentals like major cryptocurrencies such as Bitcoin.

Instead, meme coins typically gain off an internet-based joke.