HOOK Price Analysis January 2023

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HOOK is a token of the platform Hooked. Its current price is around $3.48 at the time of writing, with a low of $1.09, and it has a market cap of 174 million dollars.

What is Hooked (HOOK)?

HOOK is the coin of the Hooked platform, which is around $3.48 at the time of writing, with a low of $1.09. It reached a high of $3.82, and its current ranking is #162, according to CoinMarketCap, with a market cap of 174 million dollars. A dual token system has been implemented to maximize liquidity, utility, and sustainability. The primary token ($HOOK) is supported by an in-ecosystem-only utility token ($HGT). This will ensure stability for long-term success in the ecosystem.

Hooked Protocol is a decentralized platform for gamified social learning experiences. It offers customized educational products that incentivize users to learn and earn rewards. In addition, web3 concepts, such as Proof of Work (PoW), Quiz-to-Earn, Referrals & Wallets, and Non-Fungible Tokens (NFTs), are incorporated into the Metaverse, a platform that combines innovative content with DAOs and mentorship for an accessible learning curve.

HOOK Coin Market Analysis 

HOOK has a total supply of 500,000,000 coins worth around $3.48 with a market volume of 188 million dollars, whereas the market capitalization is 174 million dollars at writing. Therefore, according to our technical analysis, Hooked Protocol is a good investment choice considering its development direction.

HOOK Price Prediction

In the 2H timeframe, the price action of $HOOK/USDT is rejected from the horizontal resistance. Suppose it falls and comes into the S/R zone. Then, we can expect a bounce upward. And further, if it breaks its resistance zone. Then we will see well gain in $HOOK.

For any time, on-demand analysis on $HOOK or any other coin can join our Telegram channel.

Hook Price Analysis
HOOK Price Analysis

Closing Thoughts

The Crypto market is known for its volatile nature. According to the above analysis, the coins we discussed might prove to be profitable if other market conditions prevail favorably. We suggest you engage in adequate research before investing in any digital assets.

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