cryptoknowmics.com
Hoge, the deflationary auto-staking, first CertiK audited meme coin, can prove itself the next DOGE with better and real use cases.
The cost of the HOGE Finance token has been declining. Hoge Finance token had a stunning end to the month of October, however, it has been declining since.
On 28th October, it reached the record maximum of $0.0007 almost 350% from its value of 25 October, but significantly below its all-time record of $0.0009634.
The HOGE cryptocurrency is the latest to be a part of the famous Dogecoin meme. It's currently ranked fifth in the meme coins market having a market cap of approximately $100 million in the rankings of meme coins. It is behind other meme coins like Shiba Inu and Floki Inu. Meme coins are typically inspired by issues of culture or trends more than cases.
The crypto that is driven by community members is a deflationary, decentralized finance (DeFi) cryptocurrency that seeks to boost the price as time passes to reward holders.
Let us dive down to know about HOGE Finance before jumping into its price prediction for the next five years.
What Is Hoge Finance?
Hoge Finance was launched on 7 February 2021 and is an inflationary "Doge but DeFi" - or, "Doge but without the problems" cryptocurrency token. The company claims it is "a new DeFi crypto that focuses on memes, puppies & charity." Hoge is an ERC-20 token (a token that is regarded as the standard technical specification for smart contracts that are built using the Ethereum blockchain, and utilized to implement tokens) and is bridged with Binance Smart Chain (BSC).
HOGE token is the only DeFi meme coin that has completed the CertiK audit. Hoge Finance does not have a developer wallet integrated into the coin and does not have any revenue structure. There are between 80 and 110 contributors and developers working on the project at no cost. Without a wallet for developers, the community gets incentives to cooperate in order to reach its goals.
What’s Unique About HOGE?
The HOGE token is a deflationary auto-staking cryptocurrency with an upper limit on supply. Its initial limit was one trillion tokens with half of them permanently burned when it was launched.
The intention behind the burn was to even out transactions beginning with the intention to distribute 1% weighted to each wallet in proportion and to burn 1% from the transaction amount. Every time a transaction of HOGE occurs, the 2% amount is distributed and taken from the total amount.
The rate of burning increases when more tokens get burnt, increasing the number of tokens in circulation as HOGE is distributed to users. When the volume of transactions increases as well, the value of the HOGE coin in the accounts of every user grows.
According to a recent statement: “The NFT marketplace is expected to be a large revenue source for HOGE Finance when integrated with the existing e-commerce and merchandise platform already available on HOGE's website.”
HOGE Token: Price Analysis
Flashback: The Fundamental Analysis of HOGE
HOGE/USD Chart
According to CoinMarketCap, the current price of HOGE at press time is $0.0002621. The market capitalization of the coin has increased by 6.52% in the past 24 hours. However, the trading volume of the coin has decreased by 50% indicating an increase in selling pressure.
In the last 6 months, the coin price has increased by 275% from the all-time low point of $0.00006902. However, taking the last weeks into account, the coin price indicates a sideways movement.
In the daily chart, the HOGE coin price breaks below the $0.00040 support level. It is due to the increased selling pressure met near the $0.00077 mark. However, the price action can find demand near the $0.00022 mark that can help reverse the ongoing trend.
The coin price is below all the crucial EMAs- 50, 100, and 200. However, the EMAs maintain a positive alignment. Thus, indicating considerable underlying bullish pressure.
Let us now look at the future Hoge Finance Price Prediction.
Hoge Finance (HOGE) Price Prediction 2021
Based on the most recent in-depth technical analysis of previous token price data, the pricing of Hoge Finance is projected to hit a low of $0.0022 by the end of 2021. This can be an excellent entry point for investors, as the future holds positive news for Hoge Finance.
Hoge Finance (HOGE) Price Prediction 2022
Hoge Finance price prediction shows there could be a Hoge Finance price to reach the high of $0.00045 by July 2022. But, by the end of November, the token price can reach $0.00050.
Hoge Finance (HOGE) Price Prediction 2023
According to the technical analysis, the value of Hoge Finance is projected to hit a minimum price of $0.00065 in 2023. With an average daily trading price of $0.00068, the HOGE price rise may reach a high of $0.00070.
Hoge Finance (HOGE) Price Prediction 2024
Throughout 2024, the value of one Hoge Finance is predicted to rise to a minimum price of $0.00080. In 2024, the HOGE value may reach a high of $0.00088, by an average price of $0.00085.
Hoge Finance (HOGE) Price Prediction 2025
The Hoge Finance price is projected to hit a high of $0.0011 by May 2025. According to our estimates, the HOGE value might hit a high of $0.0014, with an average projected price of $0.0012 by the end of 2025.
Hoge Finance (HOGE) Price Prediction: Market Sentiment
Below you will find the price analysis of HOGE Coin by different media outlets.
Digital Coin Price
Digital Coin price predicts the upcoming years of the token's future will be bullish. The coins will be worth $0.00080 by the end of 2025. A single token will have a potential value of $0.0011 by 2028.
Coin Arbitrage Bot
The HOGE price is predicted to cross $0.0010 by the end of 2024. Furthermore, the upcoming year can show a rise to the $0.0017 mark.
PricePrediction.net
Being based on the logical algorithm, the coin has both short-term rallies and potential long-term advantages. The token after 5 years will be around $0.10. And, by the end of 2030, it will reach $0.0080.
Our Hoge Finance Price Prediction
Being one of the tiniest cryptocurrency memes, HOGE has a double-edged future. The success of the coin will be contingent on its ability to distinguish itself from many other cryptocurrencies available in the market and maintain its use. The forecasts of DigitalCoin and WalletInvestor raise doubts regarding its viability over the long term.
Based on price predictions from forecasts for cryptocurrency, the token price will be likely to be $0.001 within the next decade. DigitalCoin forecasts a price of $0.00112 in 2028.
According to Hoge Finance Price Prediction 2021, the coin's value will be $0.00030 in December 2021. Then, it will go up to $0.0010 by 2025.
Conclusion
Like all cryptos that you can buy, HOGE is a risky investment that has the potential for big returns if it grows in its popularity. The cryptocurrency is a good choice for your portfolio will depend on your individual financial situation and risk tolerance levels and diversification of your portfolio.
Moreover, it is crucial to conduct your own research prior to investing in any investment, including cryptocurrencies.
According to price forecasts and projections from social media platforms, the coin could be worth $0.00022 at 2021 end. By 2025, it would exceed the $0.0010 threshold.