Price analysis of HOOK, Luna (LUNC), Solana and Eos.io
Hooked Protocol (HOOK)
Shortly after its launch, the “hooked crypto” touches $1.38 today with +0.28% compared to yesterday, the average trading volume for the day was 19.37 Million.
At the time of launch, Hooked Protocol had a price of $0.1 on Binance Launchpad.
Within a very short time, the value of the token had jumped 2700% to $2.8, leaving investors in disbelief as they expected wide fluctuations but not to this extent.
HOOK’s leap forward is not only full of merits attributable to investor confidence and the credibility of the project but also rests its foundation on a downward valuation at launch.
The crypto that had started off in a rocket at the opening of trading had then reversed returning to a value of $2 and then resumed the run, but in a milder manner.
Hooked Protocol is a Web3 platform that deals with social learning through gaming and HOOK, the protocol cryptocurrency is based on BEP-20 on BNB’s Chain.
In addition to HOOK, there is also the mirror token Hooked Gold Token (HGT), which can only be exchanged in the company’s ecosystem and not externally.
Hooked Protocol is trying to establish itself in Web3 through Learn & Earn products and through access conveyed in this world through onboarding.
Wild Cash, is a protocol product that gives the opportunity to learn and earn through the Quiz-to-Earn method that has to date given this opportunity to more than 2 million monthly active users in Indonesia and Brazil alone.
SOL touches 12.43 Euros today losing 5.01% when compared to yesterday’s session losing the momentum of the last week.
In the past 7 days, the stock had appreciated 37% but still representing only 5% of the token value compared to the all-time high which was €244.95 Euro with a circulating of 367,932,019.513 units.
The company’s goal is to improve the scalability of the chain through proof-of-stake and proof of history.
Proof of history means certification and chronological recording of transactions up to a maximum of 50,000 transactions per second while remaining totally decentralized.
As of today EOS, the token of Eos.io is worth €0.85 with a change of 0.88% less than yesterday.
In the week just ended, EOS achieved a jump of 3.48%, and only in the last day did the price decline slightly by 0.05%.
The token price is 3.92% of the maximum reached which had been €21.59.
The total EOS currently in circulation is 1,078,955,686.614 units.
Eos.io supports large-scale applications while being fee-free to exchange its token.
The rewards are made up by Eos themselves on a periodic basis so as to surrogate inflation with transaction fees.
Luna: Terra Classic (LUNC)
The price of Terra Classic (LUNC), whose name before the implosion of its ecosystem was simply LUNA, stands at $1.32 with a daily volume of 30.55 million and appreciates 3.16% from yesterday.
At the moment, the digital currency leaves the field 10.79% from the one-week high ($1.48) and 7.71% from the also 7-day low of $1.23.
The token’s circulating total is 127.48 M.
The year had ended on a high note for LUNC, which in the week of the Lord’s birthday had gained 20% in a single day and 35% over the week.
The performance had put Luna’s market capitalization back above 1 billion, a noteworthy achievement during a bear market.
Meanwhile, the chain is targeting the development of the L1 layer to make it more secure and is doing so by hiring three senior programmers to complement an already excellent staff.
The move is seen as yet another positive sign by investors and analysts who benefit from the Timeline posted by project leaders Edward Kim and Zaradaruna on Twitter recently.