Learn about the origin of HOOK coin in one article

HOOK coin was issued on March 9, 2022. It is the native token of the Hooked Protocol ecosystem. It is used for governance, rewards, staking, and trading, with a total supply of 1 billion, and its value depends on platform usage, gaming and social features, market sentiment, and use case expansion.

HOOK Coin Issuance Time

HOOK Coin (HOOK) will be officially issued on March 9, 2022.

Origin of HOOK Coin

HOOK Coin is the native token of the Hooked Protocol ecosystem. Hooked Protocol is an open platform focusing on GameFi and Web3 social networking.

Use of HOOK Coin

• Governance: Users holding HOOK Coin can participate in community governance, improvements and direction of the protocol Take a vote.
• Rewards: Users can get HOOK coin rewards by participating in games, social and creative activities on Hooked Protocol.
• Staking: Users can stake their HOOK coins to receive platform rewards such as higher yields and unique NFTs.
• Trading: HOOK Coin can be traded on cryptocurrency exchanges.

HOOK Coin Supply

The total supply of HOOK Coin is 1 billion, of which:

• 25% For community rewards
• 20% for ecosystem development
• 15% for the team
• 10% for investors
• 30% for Liquidity

Value of HOOK Coin

The value of HOOK Coin depends on the following factors:

• Platform Usage Rate: The more active users of Hooked Protocol, the greater the demand for HOOK coins.
• Game and social features: High-quality games and social features will attract more users to join the platform, thereby increasing the demand for HOOK coins.
• Market Sentiment: The overall trend of the cryptocurrency market will affect the value of HOOK Coin.
• Expansion of use cases: If Hooked Protocol introduces more use cases in the future, it will help increase the value of HOOK coins.

Hooked Protocol (HOOK) Price Trend Overview

As of October 11, 2024, the price of Hooked Protocol (HOOK) is $0.4253, 24 hours Transaction volume was $19.22 million. Its price has fallen by about 3% in the past 24 hours.

Factors Affecting Price Changes

The recent decline in HOOK prices may be due to the following factors:

• Market Correction :The entire cryptocurrency market has seen a correction recently.
• Profit Taking: After the recent sharp rise in HOOK price, some investors may choose to sell to lock in profits.
• Technical Resistance: HOOK price reached technical resistance at $0.45, encountering selling pressure at this level.

Future Price Trend

HOOK The future price trend is uncertain, but there are some factors that may affect its development:

• Overall cryptocurrency market sentiment: If the market continues to fall, the price of HOOK may also continue to fall.
• Product Development and Adoption: If HOOK continues to introduce new features and attract users, its price may increase.
• Regulatory Environment: The regulatory environment for cryptocurrencies is constantly changing and may have an impact on HOOK prices in the future.

Action Recommendations

• Invest with caution: Do your research before investing in HOOK or any cryptocurrency and invest only if you can suffered losses.
• Monitor Market Sentiment: Keep an eye on the overall sentiment of the cryptocurrency market to understand how it affects the price of HOOK.
• Set a stop-loss order: Consider setting a stop-loss order to limit potential losses.

Short-Term Trend Forecast

In the short term, the price of HOOK may fluctuate between $0.40 and $0.45, depending on the factors mentioned above.

Indicators

• Current price: $0.4253
• 24 hour trading volume: $19.22 million
• Circulation volume: 195 million
• Maximum supply: None
• Total supply: 195 million
• Circulation market value: 82.94 million US dollars

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