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Highlights
HOKK Finance is one of the meme-utility tokens that uses a combination of using a meme and turning it into a currency, which can be utilised for transactions.
HOKK token can be described as Doge’s brother, Shiba’s first cousin and Feg’s best buddy
HOKK is ranked 3518 on CoinMarketCap and is currently trading at US $0.013469 with a 24-hour trading volume of US $474,608.
The rise and rise of the meme-based tokens across the world have taken the crypto market by storm. Dogecoin, Floki, Shiba Inu all have registered impressive gains over the past one and half months, with many investors keeping a close tab on other meme-based tokens. Their rise, which at best can be described as unprecedented, and the year 2021 especially has been a fruitful one for most of them. Hokkaido Inu is another meme-based token that has taken the market by storm.
Why is Hokkaido Inu (HOKK) crypto grabbing eyeballs?
Hokkaido Inu (HOKK), another in the dog-series tokens, can be described as Doge’s brother, Shiba’s first cousin and Feg’s best buddy. The HOKK token, just like its contemporaries, has grabbed many eyeballs on Friday following a massive price hike of 16665473625.68%!!! Yes, please read that again: It is 16665473625.68%.
Also read: Why is Chromia (CHR) crypto suddenly surging?
The unprecedented hike is basically on the back of the announcement that HOKK will be now available for trading on Ethereum, Binance Smart Chain and HECO blockchains. However, the token faced slight glitches as the ETH HOKK did run into some trouble as the customers who bought ETH HOKK didn’t receive the right number of tokens. However, HOKK Finance assured the buyers that it would be airdropped as compensation.
What is HOKK Finance?
HOKK Finance is one of the meme-utility tokens that uses a combination of using a meme and turning it into a currency, which can be utilised for transactions. HOKK aims to build an inclusive financial system that empowers investors to invest money seamlessly from any source and is more affordable than banks in the market.
The users can earn rewards through yield farming, and with every transaction, 2% of the transaction value is distributed among holders. Audited by CERTIK, the HOKK Finance functions is based on an inclusive financial system. Recently, in August, HOKK was also listed on the Coinsbit exchange, which also helped HOKK garner investor interest.
Also read: Will Unido EP (UDO) crypto’s rally last for a while?
Investment prospect
HOKK is ranked 3518 on CoinMarketCap and is currently trading at US $0.013469 with a 24-hour trading volume of US $474,608. At the time of writing (BST 8:44 am), HOKK has a fully diluted market cap of US $130,401,597 with a maximum supply of 10,000,000,000 HOKK coins.
In fact, this was a much-needed price rise for HOKK, considering it had been seeing red throughout September and early October. Investors will hope that this rally continues for a long run for them to invest. The trading on three blockchains coupled with the recent rally most meme-tokens are witnessing, should be good enough for HOKK's rally to last at least for some time.
Going by the trend, experts feel it would be better to adopt a wait-and-watch approach before jumping on the rally. It would need some time to see whether the market sees a pull-back or a sustained rally that can make it viable crypto to invest in.
