Hoge finance circulating supply8/31/2023 In a redistribution mechanism, a tiny percentage of each transaction is redistributed to the current token holders to incentivise them to hold their tokens longer as they’ll be rewarded more tokens over time. Hyper-deflationary tokens use various mechanisms like token burning, redistribution, and liquidity locking.Īs mentioned above, in token burning, some of the coins are sent to an unspendable address, i.e., these tokens go out of circulation forever, and the remaining ones go up in scarcity and value. Hyper-deflationary tokens have an extreme deflation rate, i.e., their circulating supply decreases swiftly over time. In addition to the deflationary coins explained above, some tokens are hyper-deflationary let’s see what they are and how they differ from deflationary ones. This mechanism has been developed to incentivise users to hold their coins for longer periods as they increase in value over time. Burning decreases the total supply of the coin, meaning that the remaining coins are more scarce and, therefore, have a higher value. If there is not a lot of a certain cryptocurrency (if it’s scarce), it gets more valuable. Simply put, token burning means the development team sends some coins to a wallet address that can’t be used by anyone, i.e., by sending the tokens to that address, the tokens go out of circulation. Using a burning mechanism, deflationary coins permanently remove a part of their circulating supply from circulation. Users should do their own analysis on cryptocurrencies and discuss their financial consultant before executing any crypto investments.A deflationary coin means a cryptocurrency increases in value over time as its circulating supply decreases. If you trust the data on this website then you do so completely from your own prospect. We do not make any illustrations or guarantee the correctness or completeness of the data that is presented on this website. Any idea that is presented on this website does not form credentials by Dekh News. The content presented on this website is for data purposes only and should not be interpreted as investment guidance, financial guidance, or trading guidance. We will keep you updated, till then stay tuned with us.ĭISCLAIMER: Dekh News is an implementation-only help provider. The cryptocurrency market is riskier as it not regulated by any intermediaries and therefore all though the coming future of digital currency is extremely promising and bright, we request investors to invest in the crypto market with great care. The above prediction is, however, is based on the past records and historical data of HOGE. Well, the past records and trends of Hoge finance clearly show that right now the market is showing a neutral trend and in the coming days not much can be expected as the average price for the month of May 2021 has been recorded as $0. However, if you are interested in buying Hoge Finance, then, you can go for the top exchanges which include, 1inch Liquidity Protocol, BigONE, WhiteBT, and BKEX. The HOGE coin has a current circulating supply of 410,249,932,903 and as previously mentioned has a total supply of 100 billion.Īs previously discussed the digital coin is registered at 377 exchanges. It recorded a price of $0.000684 USD with a trading volume of USD 3.60 million and also recorded a downfall by 0.76%. Today, within 24 hours, the Hoge finance has recorded a high of $0.0007265 and a low of $0.0006458. Read about: Shibu inu coin Price prediction It has a market capitalization of USD 280, 561,534.87 and in the last 24 hours, the digital coin has recorded a trading volume of USD 3,603,589.24 and the coin is registered at 377 centralized as well as decentralized exchanges. Trading Volume(in 24 hrs): $3.79 millionĬurrently, the ranking of HOGE Finance among 9,839 cryptocurrencies is 248 and its market share in the crypto market is 0.01%. Price Prediction of the digital coin has always been a difficult task and requires technical and fundamental analysis. While in the previous month, the coin made a low of $0.0001903 and also made a high of $0.000828. In the last three months, 22nd Feburay 2021, to be precise, the coin has made an all-time low (ATL) of $0.0000007 while on 15th March 2021, the coin made an All-time High (ATH) of $0.0009634.
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