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TürkçeHooked Protocol Information
Hooked Protocol is revolutionizing the way users interact with blockchain technology by combining gamification with education, making it accessible for everyone. The platform aims to create an engaging experience that encourages users to learn about cryptocurrencies while earning rewards. With its innovative approach, Hooked Protocol is poised to attract a diverse audience and foster a deeper understanding of the crypto ecosystem.
Introduction to Hooked Protocol
Hooked Protocol, symbolized as HOOK, is an innovative cryptocurrency that is gaining traction in the ever-evolving landscape of digital assets. As of the latest data, the price of HOOK stands at approximately $0.428, with a market capitalization of around $83 million. Although it has experienced fluctuations, including an all-time high of $4.07 earlier this year, the coin's journey has been marked by both significant peaks and troubling troughs. This article aims to explore the historical trajectory of Hooked Protocol, its advantages and disadvantages, as well as its future prospects.
Historical Performance
Hooked Protocol was launched to provide solutions for users and developers in the rapidly growing decentralized finance (DeFi) space. Since its inception, the coin has demonstrated considerable price volatility, which is typical for many cryptocurrencies. The all-time high of $4.07, achieved on February 6, 2023, highlighted its potential, capturing the interest of traders and investors alike. However, the coin has seen a significant retreat from that peak, with an 89% drop to its current price, illuminating the inherent risks associated with cryptocurrency investments.
Moreover, Hooked Protocol's all-time low was recorded at $0.316 in August 2024, representing a context where the price remains volatile and subject to market influences. The current circulating supply of 195 million HOOK tokens against a maximum supply of 500 million suggests that there is still room for further market penetration. A trading volume of approximately $15.6 million in the last 24 hours indicates a moderate level of activity, suggesting that while traders remain engaged, broader market confidence may still be wavering.
Advantages of Hooked Protocol
One of the primary advantages of Hooked Protocol is its focus on usability and integration within the DeFi ecosystem. The project aims to cater to both developers looking to build on its platform and end-users seeking to access a variety of financial services in a decentralized manner. This dual approach fosters a robust community and encourages collaboration among various stakeholders.
Additionally, the team's commitment to transparency and regular updates helps build trust within the community. Hooked Protocol also benefits from its lower market cap, positioning it as a lower-risk investment in comparison to more established cryptocurrencies. This aspect may attract traders looking for undervalued assets with the potential for growth.
Challenges Facing Hooked Protocol
Despite its advantages, Hooked Protocol faces several challenges. The significant price volatility and the recent decline from its all-time high can lead to insecurity among potential investors. Many users remain skeptical of new projects given the historical issues of scams and failed ventures in the crypto space, which may hinder adoption.
Moreover, competition in the DeFi landscape is fierce, with established players such as Ethereum and Binance Smart Chain setting high barriers to entry. Hooked Protocol must, therefore, continuously innovate and provide unique features to differentiate itself from competitors.
Future Outlook
Looking ahead, the future of Hooked Protocol largely hinges on its ability to adapt to changing market dynamics and its commitment to product development. If the team can successfully enhance the protocol's usability and foster a larger community, there is a potential for market re-engagement that could drive prices higher once again.
Furthermore, as regulatory clarity improves in the cryptocurrency space, there may be new opportunities for DeFi projects like Hooked Protocol to thrive. Strategic partnerships with established projects and collaborations can also propel growth and underpin the long-term viability of HOOK. Ultimately, while challenges remain, the continued demand for decentralized financial solutions positions Hooked Protocol favorably for those willing to navigate its complexities.
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from price
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General Information |
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Title
Hooked Protocol
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Symbol
hook
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Whitepaper
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Website
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Community
-
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Last Updated
2024-12-05 23:59
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Price Data |
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Current Price $
0.678907
$
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High 24h
0.698397
$
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Low 24h
0.639539
$
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Price Change 24h
0.00742982
$
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Price Change % 24h
1.10649
%
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Market Data |
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Market Cap
143982341
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Total Volume
56262456
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Market Cap Change 24h
2169534
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Market Cap Change % 24h
1.52986
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
211666666
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Total Supply
500000000
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Max Supply
500000000
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Historical Data |
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All Time High (ATH)
4.07
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ATH Change %
-83.32071
%
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ATH Date
2023-02-06 03:50
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All Time Low (ATL)
0.316594
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ATL Change %
114.51026
%
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ATL Date
2024-08-05 06:44
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