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How to Buy Hogecoin: Hogecoin Price Prediction

Aria Thomas

Apr 29, 2022 16:02

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There are thousands of cryptocurrencies to select from in a sea of cryptocurrencies. There are also hundreds of locations to purchase them, so how do you know where to begin your search? 


If you're looking for a certain coin, such as Hoge Finance, you'll almost certainly want a step-by-step guide to walk you through finding it. 


As a result, in this post, we will discuss Hoge financing, an altcoin with a large and diversified community supporting it.

What is Hoge Finance?

What is HOGE? HOGE, formerly Hoge. Finance, or Hogecoin, bills itself as a community-driven DeFi ERC-20 token with a capped and deflationary supply. On February 7, 2021, HOGE was launched in a fair manner, with no tokens granted to the team. The initial supply of HOGE was 1,000,000,000,000, with half (500 billion) being irrevocably destroyed upon launch.


Hoge Finance is an Ethereum-based deflationary cryptocurrency and ERC-20 token. It makes use of smart contracts to add specific "tokenomics" into each transaction, such as a 2% dividend to holders and a 2% coin burn on each transaction.


The redistribution on a per-transaction basis means that 2% of each Hoge transaction is transferred to users who currently have HOGE tokens in their wallets. An additional 2% of the transaction is burned, permanently lowering the supply of HOGE, thus the deflationary term.

What is the mission of Hoge Coins?

Hoge Coin's objective has been to build a self-stabilizing economy where everyone has an equal opportunity to win. Everyone who owns a share of HOGE benefits from it. As a result, the more times the coin is used, the more money it can earn. Additionally, the coin provides excellent returns, although the price fluctuates rather frequently. Therefore, you must act quickly if you wish to buy it; otherwise, you will find yourself in the same position as the majority of people when Bitcoin was originally released.

What Is the Purpose of the Hoge Coin?

Hoge must possess real-world utility that benefits token holders to be regarded as the greatest cryptocurrency under $1. Let's take a closer look at the token's use cases to ensure you have a complete understanding of how it is used:

Speculation

Naturally, a minor altcoin like HOGE has drawn investment from those interested just in speculating on the token's price. This is logical, given the price increase of over 900 percent in late 2021. This, however, can be detrimental to Hoge coin since whenever a new high is reached, these speculators tend to exit their positions, quickly driving the price down.

Staking

As mentioned previously, HOGE may also be utilized for staking. This is now offered solely through Uniswap and entails contributing liquidity to a liquidity pool in exchange for a yield. Although annual returns can exceed 5%, the massive price volatility of the token is likely to wipe out any gains made by investors. If HOGE were to be listed on other yield farming platforms, token holders would have increased flexibility (and security).

NFTs

Finally, the possibility of HOGE NFTs is an additional reason to buy Hoge coins. Although these NFTs are now available via OpenSea, they were previously only available via the HogeMint platform. Looking ahead, the development team's ambitions to build a Hoge NFT Marketplace, which will almost certainly use Hoge coin as its native currency, might significantly boost the token's demand.

Why Should I buy Hogecoin?

Hogecoin pays dividends to all holders in the same way that dividend stocks do, so your holdings will grow over time as long as you keep HOGE.


Numerous crypto exchanges, such as Coinbase, provide significant staking rewards, which enable you to earn interest on your crypto assets. HOGE is the first crypto to automate this procedure, allowing you to hold your HOGE on any exchange.


Hogecoin is one of the few cryptocurrencies whose supply reduces with every transaction. The sooner you buy HOGE, the more time you will have to build your personal holdings through the deflationary component built into the stock.


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Dogecoin's supply will balloon to infinity, Bitcoin's supply will gradually increase through mining, and Hogecoin's supply will naturally decline over time.

Bitcoin vs. Dogecoin vs. Hogecoin

I appreciate the notion of increasing my Hogecoin holdings without having to worry about staking it on a certain exchange. Dogecoin was a huge success in the crypto community, and there is a possibility that Hogecoin will grow in popularity over time.


Fifty-one thousand one hundred four wallets now hold Hogecoin, and that number is expected to grow as more people join the network.

Why should we invest in Hogecoin?

Now that we've established what the Hoge token is and how to acquire it let's explore why you should acquire it. Among them are the following:


The Token's Price Value Increases Proportionately to the Token's Increasing Transaction Rate


As a deflationary coin, the Hoge coin utilizes an innovative and profitable method of increasing its value. It employs a technique that is distinct from that of the majority of new altcoins. Essentially, when users do more transactions within the ecosystem, the network transfers 2% of stored currencies to token holders' wallets. As a result, every token holder, including developers, in the network is rewarded.


Regardless, as the ecosystem's transaction volume grows, so does the price of Hoge Finance (HOGE).


Hoge Token Is A Better Store Of Value Than Popular Cryptocurrencies Like Bitcoin


In contrast to the world's most valuable crypto, Bitcoin, the Hoge protocol is incapable of creating or mining new currencies. As a result, the total number of Hoge coin tokens in the ecosystem is determined by the coin's community of holders and users. Additionally, the total number of tokens in the network decreases with each transaction. Nonetheless, Gregjewel reports that over 40% of the whole supply is currently in circulation.


The Hoge Coin Is increasing Ground Among Investors And Influencers.


The coin has attracted top firms because of its approaches and execution of many new actions, such as implementing NFTs, MegaHogeMan, and others. At the moment, the Hoge community has formed a non-profit DAO to raise cash to be listed on one of the top five centralized exchanges (CEXes).

What Factors Influence the Price of Hoge Coin?

Although Hoge coin, like other minor altcoins, is affected by crypto news, there are more elements that influence the price. Let's take a closer look at three of these factors:

Community Support

Meme currencies rely largely on community banking, as most of them lack the usefulness of Bitcoin and Ethereum. Finally, community support typically manifests itself in the form of retail traders who buy based on buzz. While this can benefit tokens in the near term, it frequently results in sharp price drops when these traders liquidate their investments.

Burning of Tokens

As Yahoo Finance points out, token burning generates a deflationary asset that becomes 'rarer' as a result of its reduced availability. This is a vital part of the Hoge coin initiative, as the overall supply will decrease progressively over time. Due to the fact that there are still over 400 billion tokens in circulation, it may take some time for these impacts to manifest — but this process may accelerate as the development team boosts the burn rate.

Roadmap for the Project

Finally, the Hoge coin price is also driven by the plans in the project's roadmap. These include preparations for Hoge currency items to be published and bridges to other networks such as Polygona and BSC. There are also plans for a 'HOGE Space Program' that intends to establish a platform to integrate crypto technology into space. Again, there hasn't been any movement in this sector yet, although the possibility has resulted in many investors holding on to their tokens.

The Price of Hogecoin

Hogecoin Price History

Dogecoin was (and continues to be) one of the greatest meme coins on the market, achieving phenomenal success in 2021 that was well above the coin's developers' expectations. As mentioned previously, this enabled additional meme coins (such as HOGE) to launch and capitalize on DOGE's success. With that in mind, let's take a look at what Hoge coin is and its price history to date.


The Hoge Finance whitepaper explains that HOGE is an Ethereum-based ERC-20 token that uses novel tokenomics to motivate holders not to sell. The major technique through which HOGE accomplishes this is a 2% levy on all transactions. Half of this tax revenue is paid to token holders, while the remaining half is perpetually burnt.


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Hogecoin becomes 'deflationary' rather than 'inflationary' as a result of this process. Those who buy Dogecoin will recognize that DOGE belongs to the latter type, as the token's total supply can be increased through mining. Hoge coin adopts the opposite strategy, whereby the token's supply will steadily decline, increasing the scarcity and value of the remaining tokens.


As is the case with most cryptocurrencies, HOGE is completely decentralized and held by community members. Notably, the development team was not allocated tokens at launch, opting instead to purchase them on the open market. This is one of the most endearing characteristics of Hoge coin, as it shows that the developers were not in it for the money.


Hoge coin debuted on a cryptocurrency exchange in May 2021. However, it is now available on Uniswap, PancakeSwap, and Gate.io. Within two weeks of its debut, the price of HOGE had increased by an astonishing 223%, reaching a peak of $0.00052. This high was brief, as the Hoge coin's price fell over the next six months.


However, in late 2021, the Hoge crypto price soared, rebounding nearly 910 percent between September and October. Once again, this high was short, as HOGE aggressively fell. At the time of writing in April 2022, the price of the Hoge coin is 93 percent less than the all-time highs reached in October 2021.

Hoge Coin Price Prediction 2022

Before investing in cryptocurrency, it's critical to grasp the coin's short and long-term potential. As you are probably aware, Hoge coin has a mixed history, with spectacular highs followed by crushing lows. However, what can we expect in the future from the coin?


As with other meme coins, HOGE is heavily backed by the community. Over 22,000 users subscribe to the official HOGE subreddit, while the project's Twitter feed has over 64,000 followers. This type of community support is critical for the viability of smaller coins, particularly when they lack the utility of other cryptos.


The Hoge coin whitepaper outlines the team's goal of establishing a 'HOGE brand' that will educate the general public about the benefits of cryptocurrency. This will be facilitated by the establishment of a decentralized autonomous organization (DAO), in which token holders will have the final say over the project's future direction.


Investors who buy Shiba Inu will understand the value of a collaborative community. However, for HOGE to truly begin increasing in price, some type of 'event' will need to occur to jumpstart momentum. This occurred with Dogecoin in the form of Reddit support and was mentioned by prominent figures like Elon Musk, which sparked a bullish snowball effect.


If Hoge coin is able to benefit from such an event, it will assist mobilize the coin's robust community, hence driving the price higher. As a result, according to our Hoge Finance price forecast, the token might reach $0.0001 by the end of 2022.

Hoge Coin Price Prediction 2023

The bulk of the finest altcoins share one characteristic: they all have real-world utility, and this aspect contributes to investor demand and is critical to long-term success. With regards to the Hoge coin, this is undoubtedly an area where the project has struggled, albeit there do appear to be some areas of development recently.


To begin, Hoge joined the NFT arena with the launch of its own collection, entitled 'HOGE Moments.' For investors interested in NFTs, this collection may give an additional source of revenue, although it now contains only five digital assets. However, the Hoge Finance whitepaper does make reference to more collections scheduled for release in the future.


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Another initiative is the Hoge NFT Marketplace. Although details about the marketplace's launch date and features are scant, this concept has aroused considerable interest among community members. While it will not directly compete with the greatest NFT marketplaces, the launch of a dedicated Hoge NFT marketplace will surely add another reason to own Hoge coin.


Hoge Finance currently maintains a dedicated website named HogeMint that serves as the minting platform for Hoge Finance NFT drops. The platform is inactive, with the most recent update being in August 2021. Community members speculate that this is because the new NFT marketplace will take its place - but this is only speculation at the moment.


Finally, if Hoge Finance is able to follow through on its promise and deploy its NFT marketplace (along with some other collections), it will give a viable use case for Hoge coin. Our Hoge coin price prediction indicates that the token might hit $0.00028 by 2023's end if this occurs.

Risk of investing in Hogecoin

Purchasing Hogecoin is a high-risk endeavor, and I strongly suggest everyone conduct their own research prior to purchasing any cryptocurrency. I put only $200 in HOGE, representing a minuscule portion of my investing portfolio.


I felt as though I had missed the boat with Dogecoin and chose to take a chance with Hogecoin. Perhaps HOGE will soar in the future, or perhaps it will not. There are various risk factors associated with purchasing and holding Hogecoin:


Numerous addresses have billions of HOGE coins. If any of these holders liquidate their entire holdings, the price of HOGE could plummet. Significant selling pressure on HOGE could lead to additional Hogecoin dumps, resulting in enormous losses.


The bull run in cryptocurrencies may come to an end this year, and investors may shift their focus away from cryptocurrencies and toward stocks, precious metals, real estate, and other assets.

How to buy Hogecoin

To buy Hogecoin (HOGE), proceed as follows:


  • Ethereum can be purchased using a cryptocurrency exchange such as Coinbase.

  • Transfer the Ethereum to a cryptocurrency wallet such as Metamask.

  • On Uniswap, you may exchange Ethereum for Hoge Finance.


Due to the fact that Hoge Finance is based on the Ethereum network and is an ERC-20 token, it can only be acquired using Ethereum. This means you'll need to buy some Ethereum, and the best method to do so is with traditional fiat currency such as the US dollar. You can purchase Ethereum by registering with an exchange such as Coinbase and depositing funds or by using a credit card.


After acquiring Ethereum, you'll need to acquire an Ethereum wallet. We recommend MetaMask because it is one of the most reputable wallets available and is compatible with all major browsers, including mobile devices. In another article, we cover how to install and configure MetaMask if you're looking for a walkthrough.


Once you have Ethereum in your MetaMask, you will need to buy Hoge Finance through a decentralized Ethereum exchange such as Uniswap. On Uniswap, each token has a unique address, and this is Hoge's:


From there, you can trade any quantity of Ethereum for Hoge Finance in a matter of seconds. Once the transaction is complete, Hoge Finance will be added to your MetaMask wallet.

Conclusion

Hogecoin can be purchased, sold, and traded on a variety of cryptocurrency exchange and swap platforms. Additionally, it is a meme token, and given the popularity of meme cryptocurrencies, investing in them may be a wise move. However, one must bear in mind that the risk factor is greater when dealing with a meme coin or something with no worth. As such, it is prudent to conduct appropriate research and not to take anything in this post as financial advice.

FAQs

Can I buy HOGE in cash?

There is no direct method of purchasing HOGE with cash. However, you can purchase ETH using marketplaces such as LocalBitcoins and then complete the next stages by moving your ETH to the appropriate AltCoin exchanges.


LocalBitcoins is a Bitcoin peer-to-peer exchange. It's a marketplace where users may buy and sell Bitcoins. Users, referred to as traders, create adverts specifying the price and method of payment they wish to offer. You can pick to buy from merchants in a specific neighboring region on the platform. After all, it is a good place to go to buy Bitcoins if you're unable to find your preferred payment option elsewhere. However, costs are typically higher in this market, and you must exercise caution to prevent being cheated.

How does the Hoge coin work?

Hoge Coin blends meme and frictionless yield farming to harness the power of De-fi (Decentralized finance). Additionally, each purchase and sale of Hoge coin includes a token burn.

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