The popularity of Dogecoin paved the door for a slew other meme currencies’ to emerge, all attempting to mimic DOGE holders’ amaexcellentins. Although most of these meme currencies have failed to gain traction, a select handful have — HOGE being one of them.
This post will go through our Hoge Coin price forecast in-depth, showcasing its usefulness and value potential, before pointing you to the best spot to invest in cryptocurrencies right now – with cheap trading costs.
2022 Hoge Coin Price Prediction
Following a steep drop from all-time highs in November 2021, the Hoge coin price is trading around $0.000050. Let’s take a quick look at the coin’s price prospects in the next years, which we’ll go into more thoroughly later in this article:
End of the year 2022: Given the significant decline of Hoge finance’s price over the last five months, it’s understandable that the coin’s general attitude is gloomy. However, if HOGE can establish psychological support around $0.000050, it may offer the drive required to reach $0.0001 by 2022.
End of 2023: HOGE’s price prospects have been hampered by a lack of usefulness, which investors will aim to rectify in the following years. According to our Hoge Finance coin price projection, if the development team adds some additional use cases, the token’s price might reach $0.00028 by the end of 2023.
End of 2025: Looking even farther ahead, we believe HOGE will hit $0.0005 by 2025. This was the same level at which the price peaked in May 2021, representing a 904 percent gain over today’s price. Hoge Coin Price History
Dogecoin was (and still is) one of the finest meme currencies on the market, with massive success in 2021 that was well beyond the coin’s creators’ expectations. As stated in the introduction, this allowed for the birth of other meme currencies (such as HOGE) to capitalize on DOGE’s popularity. With that in mind, let’s take at what the Hoge coin is and its price history.
According to the Hoge Finance whitepaper, HOGE is an ERC-20 token housed on the Ethereum blockchain that uses innovative tokenomics to motivate holders not to sell. A 2% levy on all transactions is HOGE’s key tool to accomplish this. Half of the tax revenue is returned to token holders, while the other half is perpetually burnt.
Hoge used the term ‘deflationary’ rather than ‘inflationary’ to describe this phenomenon. Dogecoin buyers will be aware that DOGE belongs to the latter group since the token’s total quantity may be increased via mining. Hoge coin adopts the opposite strategy, where the token’s supply steadily decreases, making the remaining tokens more precious and rare.
HOGE, like other cryptocurrencies, is completely decentralized and controlled by its users. The development team, for example, did not get a token allocation at launch and instead chose to buy tokens on the open market. One of the most enticing features of Hoge currency is that it indicates that the inventors were not in it for the money.
Hoge coin was initially listed on a cryptocurrency exchange in May 2021. However, it is currently accessible on Uniswap, PancakeSwap, and Gate.io. Within two weeks of its inception, the price of HOGE had risen by 223 percent, reaching a peak of $0.00052. The Hoge coin price dropped during the next six months, indicating that the peak was short-lived.
However, in late 2021, the Hoge coin price soared, rebounding almost 910 percent between September and October. This high, however, was only temporary, and HOGE quickly fell. The price of the Hoge coin is presently 93 percent lower than its all-time highs in October 2021, at the time of writing in April 2022.
Let’s recap the important events in HOGE’s history before moving on to our Hoge coin price prediction:
Listed on stock markets in Q2 2021 and promptly soared by 223%.
After reaching a peak in May 2021, the price declines and continues to do so throughout the year.
In September 2021, the HOGE price skyrockets, yielding 913 percent returns for investors only a few weeks.
The HOGE price instantly plummets after reaching a peak of $0.00078, losing roughly 93 percent of its worth.
2022 Hoge Coin Price Prediction
Before investing in cryptocurrencies, you must first learn about the coin’s immediate and long-term possibilities. As you’re probably aware, Hoge coin has had a tumultuous history, with stunning highs followed by devastating lows. But, in the future, what can we anticipate from the coin?
HOGE, like other meme currencies, is primarily reliant on community support. Over 22,000 people have joined the official HOGE subreddit, while the project’s Twitter feed has over 64,000 followers. Smaller currencies need community support to succeed, particularly when they don’t have the same usefulness as bigger cryptos.
The Hoge coin whitepaper mentions the team’s desire to develop a ‘HOGE brand’ to bring cryptocurrency’s advantages to the public. Implementing a decentralized autonomous organization (DAO), in which token holders have the last say on the project’s future movements, will help.
Shiba Inu buyers will understand how important it is to have a supportive community. However, for HOGE to begin to appreciate, some form of ‘event’ will be required to jumpstart momentum. This came in Reddit support and mentions from high-profile figures like Elon Musk, which sparked a bullish snowball effect for Dogecoin.
If Hoge coin can profit from an event like this, it will assist in mobilizing the currency’s strong community, driving up the price. As a result, according to our Hoge Finance price forecast, the token might reach $0.0001 by the end of 2022.
2023 Hoge Coin Price Prediction
The bulk of the top cryptocurrencies have one thing in common: they’re all useful in real life. This aspect is important for long-term success since it helps to increase investor demand. In terms of Hoge currency, this is something that the project has battled with in the past, but there have been some recent improvements.
To begin, Hoge has launched its collection, branded ‘HOGE Moments,’ in the NFT area. Because it now only comprises five digital assets, this collection might give another outlet for consumers wishing to invest in NFTs. However, the Hoge Finance whitepaper mentions that more collections will be provided in the future.
The Hoge NFT Marketplace is another project in the works. Although this proposal has created a lot of interest among community members, there are few details on when the marketplace will start and its features. Even though it will not directly compete with the greatest NFT markets, the launch of a dedicated Hoge NFT marketplace will provide another incentive to keep Hoge currency.
Hoge Finance now operates a dedicated website named HogeMint, which serves as the minting platform for Hoge Finance NFT drops. The platform hasn’t seen any movement since its last upgrade in August 2021. The community assumes that this is because the new NFT marketplace will take its place – but this is just conjecture.
Finally, if Hoge Finance can keep its promise and establish its NFT marketplace (along with a few other collections), it will provide Hoge currency with a legitimate use case. According to our Hoge coin price projection, if this happens, the token’s price might hit $0.00028 by the end of 2023.
Long-Term Hoge Coin Price Forecast – 2025 Prediction
Now, let’s look at the long-term picture. When you go further into the Hoge coin’s usefulness, it’s difficult to develop a use case that will keep the currency alive for many years. As previously stated, the token’s novel tokenomics do help to create scarcity within the Hoge coin supply. However, this element can only go so far.
With HOGE, token holders may offer liquidity through the Uniswap network, allowing for crypto staking. According to current statistics, this approach may provide yearly returns of between 5% and 6%, much greater than standard bank accounts. However, as you may expect, the dangers significantly increase due to the coin’s price volatility.
The Hoge coin roadmap also specifies future intentions to change the burn rate, which means that instead of the current 1 percent, 1.4 percent of the transaction fee will be burnt. HOGE’s current supply is approximately 402 billion tokens, according to CoinMarketCap, much fewer than the 1 trillion tokens produced upon launch. Assuming that the burn rate picks up, the value of the remaining tokens will surely rise.
Overall, HOGE’s success depends on the team’s ability to keep their word and accomplish the ambitions outlined in the project’s roadmap. A crowdfunding site, a decentralized exchange, and increased liquidity locking are all included in the roadmap. If these plans materialize, HOGE might reach $0.0005 by 2025.
Hoge Coin’s Potential Highs and Lows
As the HOGE price chart shows, this coin may be quite volatile, making it better suited to investors with a high-risk tolerance. It’s fairly unusual for the price of the Hoge coin to double before reverting to its previous level.
What is the purpose of Hoge Coin?
Hoge coin must have real-world use that benefits token holders to be ranked the best crypto under $1. Let’s take a closer look at the token’s use cases to ensure you have complete knowledge of how it’s used:
Speculation
A minor cryptocurrency like HOGE has naturally drawn investment from those interested in speculating on the token’s price. Given the 900 percent+ price rise in late 2021, this is logical. However, this may be detrimental to the Hoge coin since whenever a new high is hit, speculators tend to close out their positions, causing the price to drop instantly.
Staking As previously mentioned, HOGE may be employed for staking. This is now offered solely via Uniswap and entails giving liquidity to the liquidity pool in exchange for a return. Although yearly profits may be as high as 5%, the massive price volatility in the token tend to wipe out any gains made by investors. If HOGE were to be listed on more yield farming platforms, token holders would have more options (and security).
Finally, the possibility of HOGE NFTs adds to the appeal of owning Hoge currency. These NFTs were formerly only accessible via the HogeMint platform but are now available through OpenSea. The development team’s ambitions to build a Hoge NFT Marketplace, which would most likely use the Hoge coin as its native currency, might be a major driver of the token’s demand in the future.
What Factors Influence the Price of Hoge Coin?
Although Hoge coin, like other minor cryptocurrencies, is influenced by crypto news, other elements impact the price. Let’s take a look at three of these factors:
Support from the community
Meme currencies depend significantly on community support since they lack the functionality of Bitcoin and Ethereum. Finally, retail traders that buy-in based on hype tend to provide community support. Although this may boost tokens in the short term, when these traders close out their positions, the price of the tokens frequently drops dramatically.
As Yahoo Finance points out, Token Burns generates a deflationary asset by reducing the supply, making it ‘rarer.’ The overall quantity of Hoge coins will steadily diminish over time, which is one of the most important parts of the project. Because there are still over 400 billion tokens in circulation, these impacts may take a long time to manifest — however this process will accelerate as the development team increases the burn rate.
Roadmap for the project
Finally, the Hoge coin price is influenced by the project’s future ambitions. These include plans for the introduction of Hoge coin items as well as connections to other networks like Polygona and BSC. There are also proposals for a ‘HOGE Space Program,’ which intends to create a platform for integrating crypto technology in space. Again, there hasn’t been much progress in this sector yet, even though many investors are hanging on to their tokens due to the potential.
Is Hoge Coin the Best Cryptocurrency to Invest in for 2022?
Before we wrap up our Hoge coin price forecast, let’s look at if HOGE is the best cryptocurrency to invest in this year. Although Hoge currency has seen some spectacular highs in its brief history, it does suffer from a lack of real-world usefulness, as you’re probably aware. As a result, if you’re searching for a new coin to add to your portfolio, we propose Lucky Block.
Lucky Block is a first-of-its-kind lottery platform that uses blockchain technology to enhance the customer experience. It is hosted on the Binance Smart Chain (BSC). The team at Lucky Block feels that today’s lottery methods are old-fashioned, so they’ve created a fairer, more transparent system that will appeal to people all around the globe.
The platform’s native coin, LBLOCK, serves as the platform’s lynchpin. Although most investors will find the dividend offered by LBLOCK highly enticing, it may be used to buy lottery tickets using the Lucky Block app. Regular dividend payments will be sent to LBLOCK holders who link their wallets to the Lucky Block app, equal to a payout of more than 19 percent each year.
As stated in the Lucky Blocks whitepaper, the return is proportional to the number of users on the site; therefore, as the platform grows, so will the incentives for investors. LBLOCK has also been exploited as a speculative asset since the token was listed on PancakeSwap early this year and provided investors with quadruple-digit returns.
Finally, the Platinum Rollers Club collection from Lucky Block has made its way into the NFT arena, allowing players to win a special daily jackpot independent of the platform’s normal jackpots. With over 44,000 members on Lucky Block’s Telegram channel, there’s a good chance this coin will continue to rise in the next weeks and months.
Conclusion on the Hoge Coin Price Prediction
Finally, our Hoge coin price forecast has covered all you need to know about cryptocurrency and its goals for the future. The token HOGE has piqued the interest of investors, with a sizable community emerging around it. If HOGE can capitalize on this support and provide further usefulness, the currency might return to the heady heights of 2021.
However, if you’re looking for a more established cryptocurrency to invest in, we propose Lucky Block. Lucky Block’s revolutionary crypto-lottery platform is poised to make ripples, with coverage in the mainstream media already gaining momentum. With approximately $300 million market capitalization, the LBLOCK cryptocurrency is undoubtedly worth considering for your portfolio.