Hooked Protocol value defied gravity because the builders began airdrop distributions. It additionally rose because the platform rose to the highest of the DappRadar rankings of the highest BSC chain networks. HOOK rose to $2, which was a lot increased than this month’s low of $0.10.
What’s Hooked Protocol and why is it rising?
Hooked Protocol is an on-ramp layer that hopes to information the broad web3 adoption. Its major product is named Wild Money, which is a platform that gives quiz-to-earn and different gaming options with over 2 million customers.
It additionally makes it potential for customers to earn rewards by means of their Proof of Work (PoW) mechanisms by contributing to its platform. Additional, customers can refer different individuals to earn rewards within the ecosystem. Wild Money’s Android app has over 1 million customers and a 4.8 star ranking.
There are a number of the explanation why the HOOK value has defied gravity prior to now few days. First, the developer began distributing the primary batch of airdrops on Thursday. In accordance with BscScan, there are actually tokens value $187 million in its airdrop pockets.
This airdrop was meant to reward early supporters of the community on the Hooked Social gathering Cross NFTs. It additionally helps the motivation of customers to proceed constructing on the community. There will likely be 5 extra airdrop batches within the coming months.
The final 5 airdrops will likely be for present Hooked Social gathering Cross NFT holder and long-term neighborhood contributors. They’ll occur on the primary day of every month.
HOOK value additionally rose because it rose to the highest rating of the social part of DappRadar rankings of essentially the most lively apps.
Hook value prediction
The hourly chart reveals that the HOOK value has been in a consolidation part prior to now few days. It has been hovering on the vital stage of $2.0 This value is alongside the 25-day and 50-day transferring averages whereas the Relative Energy Index (RSI) has risen above the impartial level of fifty.
Subsequently, Hooked Protocol value will seemingly drop throughout the weekend as the passion of the airdrop fades. If this occurs, the token will seemingly drop to about $1.50.
HOOK/USD chart by TradingView