The success of Dogecoin helped create a pathway for an array of ‘meme coins’ to launch, aiming to replicate the incredible returns experienced by DOGE holders. Although most of these meme coins have amounted to nothing, a select few have generated media attention – with HOGE being one of them.
This article will discuss our Hoge Coin price prediction in detail, highlighting its utility and value potential, before showing you the best place to invest in cryptocurrency today – with low trading fees.
Hoge Coin Price Prediction 2023 – 2025
The Hoge coin price is trading around $0.000050, following a sharp decline from November 2021’s all-time highs. Let’s take a brief look at the coin’s price prospects for the years ahead, which we will cover in more detail later in this article:
- End of 2023: A lack of utility has undoubtedly suppressed HOGE’s price prospects, which investors will hope is rectified in the coming years. Assuming the development team add some more use cases, our Hoge Finance coin price prediction estimates the token could hit $0.00028 by the end of 2023.
- End of 2024: If HOGE breaks through the resistance at $0.00028, the price could surge to $0.00044 where it would encounter heavy resistance.
- End of 2025: Looking even further ahead, we estimate that HOGE could reach the $0.0005 level by the end of 2025. This was the same level that price spiked to back in May 2021 and would represent a 904% increase from today’s price.
|🕶 Coin Name||Hoge Finance|
|🔆 Coin Symbol||HOGE|
|⏳ Price Change 1h||0.44%|
|🌕 Price Change 24h||4.07%|
|💵 Market Cap||$10,727,358|
|🌐 24h Volume||$18,103|
|🔄 Circulating Supply||402,276,464,812|
|💰 Total Supply||396,909,416,980|
Hoge Coin Price History
Dogecoin was (and still is) one of the best meme coins on the market, experiencing tremendous success in 2021 that went way beyond what the coin’s developers expected. As noted in the intro, this enabled more meme coins (like HOGE) to launch and build on DOGE’s success. With that in mind, let’s explore what Hoge coin is and its price history up until this point.
As detailed in the Hoge Finance whitepaper, HOGE is an ERC-20 token hosted on the Ethereum blockchain that implements unique tokenomics to incentivize holders not to sell. The primary mechanism that helps HOGE achieve this is a 2% tax on every transaction. Half of this tax income is distributed back to token holders, whilst the other half is burned forever.
This process makes Hoge coin ‘deflationary’ rather than ‘inflationary’. Those who buy Dogecoin will know that DOGE falls into the latter category since the token’s total supply can increase through mining. Hoge coin takes the opposite approach since the token’s supply will gradually decrease, making the remaining tokens scarce and more valuable.
Like most cryptocurrencies, HOGE is entirely decentralized and owned by community members. Notably, the development team did not receive a token allocation at launch, instead opting to purchase their tokens on the open market. This is one of the most appealing aspects of Hoge coin, as it implies that the developers were not in the project to make a quick buck.
Hoge coin was first launched on a cryptocurrency exchange back in May 2021, although it is now available on exchanges such as Uniswap, PancakeSwap, and Gate.io. Within two weeks of launching, HOGE’s price had surged an impressive 223%, hitting a high of $0.00052. This high was short-lived, with the Hoge coin price decreasing over the following six months.
However, the Hoge crypto price skyrocketed in late 2021, returning over 910% between September and October. Once again, this high was only fleeting, and HOGE descended aggressively.
Before we move on to our Hoge coin price prediction, let’s summarize the key events in HOGE’s lifespan:
- Listed on exchanges during Q2 2021 and immediately surged by 223%.
- Price retreats after hitting a high in May 2021 and gradually descends throughout the year.
- The HOGE price skyrockets in September 2021, generating returns of 913% for investors in just a few weeks.
- After hitting a high of $0.00078, the HOGE price immediately plummets and has lost over 93% of its value.
Hoge Coin Price Prediction 2023
The majority of the best altcoins all have one thing in common – real-world utility. This facet helps drive investor demand and is key to long-term success. Relating this to Hoge coin, this is certainly something that the project has struggled with, although there do seem to be a few areas of improvement recently.
Firstly, Hoge has entered the NFT space by releasing its own collection, dubbed ‘HOGE Moments’. For people looking to invest in NFTs, this collection could provide another avenue to generate returns since it only contains five digital assets at present. However, the Hoge Finance whitepaper does mention further collections that are set to be released in the future.
Another plan that is in the works is the Hoge NFT Marketplace. Details are scarce on when the marketplace will launch and what features it will contain, although this plan has generated a lot of buzz amongst community members. Although it will not be directly competing with the best NFT marketplaces, releasing a dedicated Hoge NFT marketplace will undoubtedly create another reason to hold Hoge coin.
At present, Hoge Finance does have a dedicated website called HogeMint that acts as the minting platform for Hoge Finance NFT drops. There isn’t much activity on the platform, with the last update coming in August 2021. The assumption amongst community members is that this is because the upcoming NFT marketplace will take its place – although this is currently just speculation.
Ultimately, if Hoge Finance can stick to its word and launch its NFT marketplace (along with some additional collections), it’ll provide a real use-case for Hoge coin. If this occurs, our Hoge coin price prediction estimates the token could reach $0.00028 by the end of 2023.
Hoge Coin Price Forecast Long Term Outlook – 2025 Prediction
Now let’s turn our attention to the longer term. Digging deeper into Hoge coin’s utility, finding a use case that can sustain the coin over many years is challenging. As noted earlier, the token’s innovative tokenomics do provide a way of creating scarcity within Hoge coin’s supply – but this aspect can only achieve so much.
Crypto staking is possible with HOGE, as token holders can supply liquidity through the Uniswap platform. According to recent data, this process can yield between 5% and 6% annually – a much higher return than with traditional bank accounts. However, as you can imagine, the risks are also much higher due to the coin’s price volatility.
The Hoge coin roadmap also mentions plans to alter the burn rate in the future, meaning that 1.4% of the transaction fee will be burned, rather than the 1% in effect right now. According to CoinMarketCap, HOGE’s current supply is now only 402 billion – much less than the 1 trillion tokens created at launch. Assuming the burn rate gathers steam, this would undoubtedly increase the value of the remaining tokens.
Overall, most of HOGE’s prospects hinge on the team managing to stick to their word and complete the plans noted on the project’s roadmap. The roadmap mentions ideas such as a crowdfunding platform, a DEX, and improved liquidity locking. If these ideas come to fruition, we could see HOGE reach $0.0005 by the end of 2025.
Potential Highs & Lows of Hoge Coin
As you can see from the HOGE price chart, this token can be highly volatile, making it more suitable for investors with high risk tolerance. It’s not uncommon for the Hoge coin price to double before immediately retreating to its original level.
With that in mind, the table below presents some areas of interest to keep an eye on concerning the HOGE price in the future:
|Year||Potential High||Potential Low|
What is Hoge Coin Used For?
For Hoge coin to be considered the best crypto under $1, the coin must have real-world utility that can benefit token holders. Let’s explore the token’s use cases more thoroughly to ensure you have a comprehensive understanding of how it is used:
Naturally, a small altcoin like HOGE has attracted investment from people who are only interested in speculating on the token’s price. This is understandable, given the 900%+ price increase in late 2021. However, this can also negatively affect Hoge coin, as once a new high has been reached, these speculators tend to close out their position, forcing the price down immediately.
As touched on earlier, HOGE can also be used for staking. This is currently only available through Uniswap and involves providing liquidity to the liquidity pool whilst generating a yield in return. Although annual returns can be upwards of 5%, the giant fluctuations in the token’s price tend to eradicate any gains that investors make. If HOGE were to be listed on additional yield farming platforms, this would provide greater flexibility (and safety) for token holders.
Finally, the prospect of HOGE NFTs is another reason to own Hoge coin. Although these NFTs are now available to purchase through OpenSea, they were initially available through the HogeMint platform. Looking ahead, the development team’s plans to launch a Hoge NFT Marketplace, which would likely utilize Hoge coin as its native currency, could be a significant driver of the token’s demand.
What Drives the Price of Hoge Coin?
Although Hoge coin is affected by crypto news, much like other small altcoins, there are other factors that influence the price. Let’s dive in and discuss three of these factors:
Meme coins rely heavily on community backing since most of them don’t possess that same utility that the likes of Bitcoin and Ethereum have. Ultimately, community backing tends to come in the form of retail traders who buy in based on hype. Although this can benefit tokens in the short term, it often leads to rapid price decreases when these traders close out their positions.
As noted by Yahoo Finance, token burns create a deflationary asset which makes them ‘rarer’ due to their lowered supply. This is one of the critical aspects of the Hoge coin project, as the total supply will gradually decrease over time. Since there are still over 400 billion tokens in existence, it may take a long time before these effects become noticeable – although this process will speed up once the development team increase the burn rate.
Finally, the Hoge coin price is also driven by the plans in the projects’ roadmap. These include arrangements for Hoge coin merchandise to be released and bridges to other networks such as Polygona and BSC. There are even plans for a ‘HOGE Space Program’ that aims to develop a platform to integrate crypto technologies into orbit. Again, there hasn’t been any movement in this area yet, although the potential has resulted in many investors holding on to their tokens.
Hoge Coin Video Analysis
Is Hoge Coin the Best Crypto to Buy in 2023?
Before rounding off this Hoge coin price prediction, let’s briefly discuss whether HOGE is the best crypto to invest in this year. As you’ll be aware by now, although Hoge coin has experienced some impressive highs in its short lifespan, it does suffer from a lack of real-world utility and there may be better alternatives out there.
We included alternative low market cap coins on our list of the best cryptos to invest in.
Fight Out – Move to Earn Ecosystem Rewarding Workouts
Fight Out is a newly launched move to earn platform offering rewards for users who pursue an active lifestyle. Its native token, $FGHT, is currently on presale and available at $0.0166 during the first stage.
The coin’s value increases in the second stage and throughout the rest of the stages. Investors seeking an appreciating coin should buy $FGHT tokens now.
A key reason to invest in this project now is that investors will be entitled to bonus tokens during stage 1 of the presale. Investing $500 entitles investors to an additional 10% token bonus and selecting a 6-month vesting period offers an additional 10% token bonus.
The maximum bonus is 50%. That requires investors to buy $50,000 of Fight Out tokens and select a 24-month vesting period.
Fight Out has developed an ecosystem that enables users to receive rewards for body workouts, weight exercises and workout class participation. The ecosystem will initially be facilitated via a mobile app, but users will have the option of training at Fight Out gyms — to be located in key metropolitan areas.
Users can mint an avatar, which receives the strength that the user develops throughout workouts and then enters the metaverse to fight other players and receive reward tokens for winning fights and tournaments.
More information about $FGHT is available by joining the Telegram channel and reading the Fight Out whitepaper.
Fight Out has allocated only 10% of the 1 billion capped supply to the exchange liquidity. Investors who want easy access to $FGHT tokens at affordable prices should invest during the presale.
|Presale Started||December 14|
|Purchase Methods||ETH, USDT, Transak|
Hoge Coin Price Prediction – Conclusion
In conclusion, this Hoge coin price prediction has covered everything you need to know about the token and its future plans. HOGE has undoubtedly caught the attention of investors, with a vast community forming around the token. If HOGE can leverage this backing and create further utility, we could see the coin return to the lofty heights of 2021.
As an alternative, investors could consider Fight Out, a new move to earn platform rewarding users for movements and steps. Rewards can be exchanged for merchandise, gym membership and subscriptions. $FGHT is on presale now, so it’s best priced at the moment.
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