HOPR crypto price is soaring: Is it gaining attention due to Coinbase?

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HOPR crypto price is soaring: Is it gaining attention due to Coinbase?

 HOPR crypto price is soaring: Is it gaining attention due to Coinbase?
Image source: © Bravissimos | Megapixl.com

Highlights

  • HOPR is managed by its community and backers.
  • HOPR crypto can be used to send data across the HOPR network.
  • At 4 AM EST, the price of HOPR crypto had surged by 22 per cent.

The price and volume surge of a cryptocurrency named HOPR grabbed the attention of crypto enthusiasts on June 23 amid mixed market sentiments. At 4 AM EST, the price of HOPR crypto had surged by 22 per cent to US$ 0.158 per token and its volume was up by 319 per cent to US$ 12.2 million.

Also Read: SNX crypto price soars 100% & volume rockets over 700%: Here's why

After declining on Wednesday night, the crypto market bounced back slightly on Thursday morning as its valuation increased by 2.3 per cent over the previous day to US$ 906.25 billion.

At the time of writing, the price of Bitcoin was up by 2.1 per cent and ETH price had increased by 1.8 per cent.

What is HOPR?

It is blockchain-based protocol designed to address global data and privacy problems. The protocol's official website states that HOPR is a cutting-edge privacy solution that gives individual and enterprise users control over who gets access to their online and personal data.

HOPR is managed by its community and backers as opposed to being under the control of a single corporation. In simple terms, it is a decentralized autonomous organization (DAO).

HOPR uses distributed ledgers and blockchain technologies as it aims to bring universal data privacy. The native utility and governance token of the protocol is HOPR crypto.

HOPR crypto can be used to send data across the HOPR network while maintaining data privacy. Also, it can be used for voting on decisions related to the network.

The HOPR crypto could be gaining attention as it announced that it got listed on Coinbase Exchange. It also trades on crypto exchanges like MEXC, Hoo, Gate.io, and BingX.


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Bottom line

The total supply of the HOPR crypto is 249.2 million and there were 212.75 million HOPR tokens in circulation at the time of writing, as per CoinMarketCap data. Meanwhile, the maximum supply of the virtual currency is one billion.

If you are interested in the HOPR crypto, then it is important to note that you must research about the HOPR protocol and its native token. It is advisable that price surge should not be the only reason to buy a particular cryptocurrency.

Also Read: CEL crypto soars 130%: What's latest on Celsius's paused withdrawals?

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