Hop Protocol PriceHOP

There are two schools of thought when it comes to determining the price of a cryptocurrency like Hop Protocol.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Hop Protocol, collectively known as fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Hop Protocol.
By way of price action: technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Hop Protocol on the basis that history tends to repeat itself.
Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Hop Protocol.
Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Hop Protocol and the broader cryptocurrency market.

Hop Protocol achieved the all-time high of $0.2972 in 2023-03-21, and is currently trading at $0.01503.

HOP reached its all-time low of $0.01097 on 2024-10-24.

The current market cap of Hop Protocol is $1.13M, as 75.22M HOP is trading at the price of $0.01503.

There are currently 75.22M HOP circulating in the market. These Hop Protocol can be actively traded or used in the open market.

The maximum supply of HOP is 1.00B , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Hop Protocol is $15.03M. The FDV is calculated taking the assumption that all supply of Hop Protocol is circulation, multiplied by its current price of $0.01503.

Using an algorithm to automatically identify historical data trends, this Hop Protocol price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Hop Protocol offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Hop Protocol and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and do your own research (DYOR) before investing in Hop Protocol.

You can buy Hop Protocol via Gate.io by following the steps on how to buy HOP once you have funded your account.