Hoge Finance (HOGE), a community-driven decentralized finance initiative that went live in February 2021, uses a deflationary mechanism for its ERC-20 meme currency.
With a circulating supply of over 400 billion HOGE tokens and a price of $0.00002824, HOGE has a market cap of about $11 million.
Hoge Finance Fundamental Analysis
A deflationary auto-staking token powered by DeFi is called HOGE. A redistribution of benefits through auto-staking encourages HOGE holders. This redistribution is combined with the project’s token-burning mechanism, which transfers 1% of each transaction’s total value to the holder’s wallet and burns an additional 1% of it. As a result, each HOGE transaction distributes and burns 2% of the entire amount, which lowers the supply overall.
More transactions would result in more tokens being distributed and burnt. The circulating supply is reduced as a result, and users gain from the rising incentives. The automatic burning process gradually raises demand as a result of the decreasing supply. Like Bitcoin, the value of HOGE may rise as it becomes rarer.
Everyone got equal access to all one trillion HOGE tokens since they were all issued through a fair launch. Immediately after the introduction, 50% of the tokens were irreversibly burnt, leaving just 40% of the total supply in circulation. The circulating supply of HOGE will continue to fall over time due to the burning mechanism and the absence of new token mining.
Crypto Academy Hoge Finance (HOGE) Price Prediction
We have gone through some research on the past price history of the HOGE coin and came up with the following prediction.
Crypto Academy Hoge Finance (HOGE) Price Prediction 2022
Currently, Hoge Finance is trading at $0.0002792. However, we believe that the price of HOGE might increase by the end of the year. Therefore, we expect that HOGE might reach a maximum price of $0.000052 by the end of 2022.
Crypto Academy Hoge Finance (HOGE) Price Prediction 2023
We are bullish on HOGE and predict that the coin might increase significantly by 2023. Therefore, the maximum anticipated price might be $0.00010 with a minimum of $0.000067 and an average of $0.00008.
Crypto Academy Hoge Finance HOGE Price Prediction 2024
By 2024, Crypto Academy expects that the HOGE coin might have a 340% increase in price compared to 2023. Therefore, by the end of the year, HOGE might reach a maximum price of $0.00044, followed by a minimum of $0.00021 and an average price of $0.00039.
Crypto Academy Hoge Finance HOGE Price Prediction 2025
In 2025, we predict that Hoge Finance might reach a maximum price of $0.00069, which is a 56% increase in price compared to 2024. The minimum and average price might range between $0.00034 and $0.00059.
Crypto Academy Hoge Finance HOGE Price Prediction 2026
Crypto Academy predicts that by the end of 2026, Hoge Finance (HOGE) might reach a maximum price of $0.00092 with a minimum of $0.00051 and an average price of $0.00087.
Hoge Finance (HOGE) Market Price Prediction
Wallet Investor
Experts at Wallet Investor are bullish on the price of Hoge Finance. Therefore, by the end of 2023, the maximum trading price of the coin might be $0.00406. By 2025, they expect its price might be $0.00648 and by 2027 around $0.00899.
PricePrediction.net
PricePrediction.net predicts that by the end of this year, HOGE might reach a price of $0.000033. By the end of 2025, the maximum trading price of the coin might be $0.000114 and by the end of the decade, in 2031, HOGE’s price might reach $0.001.
Digital Coin Price
Digital Coin Price is a reliable source when it comes to crypto predictions. Therefore, they expect that HOGE might end this year at a price of $0.0000342. By 2025, HOGE might reach $0.000079, and by 2031, approximately $0.000197.
How To Buy HOGE?
Hoge Finance is listed on eight exchanges, which you can find on CoinMarketCap. This article will show you how to buy HOGE in Gate.io in three simple steps.
Step 1: Open An Account
The first step you need to take if you want to buy cryptocurrencies in any exchange is to open an account.
In our case, you should open a Gate.io account and follow the on-screen instructions by providing the required information.
Step 2: Fund Your Account
After opening your account, the next step is to fund it. Gate.io offers three ways to deposit funds into your account:
- Credit/Debit card
- Bank Transfer
- P2P Trading.
After choosing the preferred method you want, deposit your funds and go to the next step.
Step 3: Buy HOGE
After opening and depositing funds into your account, the third and final step is to buy HOGE. Follow the on-screen instructions and enter the amount of HOGE you want to purchase.
Frequently Asked Questions (FAQs)
Is HOGE a good investment?
It might be. The crypto market is extremely volatile and it whether or not it is a good investment depends on how much you can risk. However, do not take this as financial advice. We recommend to always do your own research before investing in any coin.
Will HOGE ever reach $0.01?
HOGE is not expected to reach $0.01 in the short or long run. At least, not until 2031. However, the market is unpredictable. Therefore, the price of HOGE might exceed or not meet our expectations.
Takeaways
- Hoge Finance launched in February 2021.
- Everyone got equal access to all one trillion HOGE tokens since they were all issued through a fair launch.
- Immediately after the introduction, 50% of the tokens were irreversibly burnt.
- HOGE might reach $0.00092 by the end of 2026.