Is HOGE coin the next Doge coin. Is it even real?
So, let's talk about it.
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HOGE coin is attempting to be the next doge coin with a few differences the main difference is that HOGE coin is deflationary and auto staking. You see with doge coin there is an unlimited supply. So, every time Doge Coin is created the current Doge coin loses its value.
With HOGE coin it is completely opposite. When the project started there was 1 trillion tokens and today there is a circulating supply of 436 billion and it is still decreasing. The reason this is happening because every time transaction takes place with Hoge Coin 1% of that transaction is removed or "burned" from the total supply.
This increases the scarcity if every Hoge coin in circulation, additionally, another 1% is distributed among every Hoge coin holder.
So, every time Hoge coin is spend or transferred that are burned making the existing supply, more value able. So, from the token that can inexpressive this is good Right!
This is deflationary and it makes people formal and which has formal incentive fear missing out and they have thought such as we need to get this coin before there is none left .
And scrolling back do on this website, I want to say that they did a great job on the website but whenever we look at the website we need to double check what we are looking out!
You can look on the website many objects like, coinmarketcop, coinbase, blockfolio etc.
So, while scrolling on this website our mind is like Wow! this is a legit product but anytime you see cryptocurrency not only for this project but any other product. Always double check the listing of there partners and ask what does it mean?
Coin market cap what does it mean?
Nothing!
Anything can be listed on coinmarket cap it does not matter what your coin is ! you can be listed on coin marketcap. Let me come back to this,if this is listed on coinmarket then this is actually a very big deal except its not!
Now, in terms of trading Hoge Coin where can you get one.
Well! This is only available on few places. You can get it on Uniswap, Whitebit.
But the main Hoge finance market is Uniswap and the problem with uniswap is in exchange because these are decentralized exchanges. So, if you are gonna go and trade something like HOGE coin you are gonna pay $5200 so this is something to keep in mind.
So, this HOGE coin has a small marketcap and say general row of cryptocurrency is small at the market cap and the small at marketcap that risk your appicon.
Today it is down 46% and it is not certain that it can go up or down i.e On any day it can go up 40 or any day it can go below 40.
This is the risk that we are getting something in small marketcap.
But I am going to tell you all positive in this blog.
So far it is a new project small marketcap and I did a further research in development team and I could not find any specific name. So, this is a new project not really established. I could not find any real name of the developers. Maybe you guys know if you know then share the information down below in the comment box.
They do have a twitter account and also a telegram account. Please let me know if there are some specific people because I could not find it anywhere.
Now, the HOGE coin does have a going through mean culture and what I realize over the last years that the means are extremely powerful. Young people are not reading news, articles and they are not watching videos that are 1 hour to 2 hour.
They want to get all the information in 10 seconds and that is too dangerous because you are spreading information through memes without a lot of details behind it. So, I do a say that you constitute a meme and share it that is gonna master a HOGE coin and that's what they are all about.
They say they are a meme coin without fun and game race. They have there dog logo all dress up in different alphabets.
So, they are definitely doing an exceptional job because of the constituted memes and social media and actually if we look upon their road map it is much different and i.e. 99% of the road map you see in the crypto space is not technical. As you might know that road maps of all cryptocurrency websites are often very technical. If you look on there road map for Q1, Q2, Q3 is a sponsored truck rally.
So, as we can see this project is embracing a meme culture and that's what they say that " we have our games and we have our NFT's and we have our merchandise."
When you see in the market, the people are attaching on to a project such as a Hoge shirt or something else, at that time only these motions can take over and these are the fundamentals. This is actually something in cryptospace that you can use this advantage if you are looking for something like hoge shirt or maybe something else.
And you see they have not established their history and also they don't have their founder in the open. Sometimes, in these types of market it can be a risk but you can make money. You just need to reach above 50% or 60% one day.
As I told above that today it is 40% down, So maybe someday it can reach at above levels also.
If I say about HOGE coin it is totally a risk and a totally gamble having small market places not available at so many places, not having a lot of history after the project.
But as I mentioned memes are powerful and the problem is you have to know that when should you go in and when should you go out.
Well! its very difficult , you can make a lot of money in the crypto space trading just on what's going on at social media but again I am going to repeat that you should know when to go in and when to get out.
For me I am not going into hoge coin also some people will say that why are you not going? Get up man go ahead! its a great chance to make money.
So, to all of them I just want to say that we can have different opinion if you want to go then get into it.
Don't forget to write in the comment box that what do you think about HOGE coin, Is it a doge coin or a one time thing?
As always thank you for reading.
God bless you all.