Make sure you don’t save your backup phrase on anything digital. After you wrote down your backup phrase, you’ll be asked to confirm it. Click on every word in the correct order, and you should be done. Hooked Protocol is amongst the best projects on BSC.The roadmap is incredibly promising and if the dev team can keep up with the with it, it’s only a matter of time for the market to catch up. Do you own diligence and research the project further so you can make your own decision.
- With Changelly, you can use a Visa or a Mastercard credit card issued in your local currency.
- Throughout this evolution, one asset has risen to become the epitome of a cryptocurrency and is unequivocally the most robust, resilient, and valuable asset on the market today.
- All you have to do is find a navigation bar or a search bar, and search for Hooked Protocol (HOOK) or Hooked Protocol (HOOK) trading pairs.
- $ 48.29M worth of Hooked Protocol changed hands in the last 24 hours.
Hooked Protocol is a crypto project building the on-ramp layer for massive Web3 adoption using the Learn-to-Earn and gamified elements to power various blockchain products. The best way to make a 10x decision is to participate in a presale. Investors become early-stage adopters and join these protocols at the ground level.
Trezor vs Ledger: Which Wallet is Right For You in 2024?
The new upgrade will enable Ethereum to process and hold more data, making the second-largest cryptocurrency by market capitalization more efficient. Many analysts view ETH as the superior digital asset, noting that it has more functionality than Bitcoin when facilitating decentralized finance (DeFi) transactions and smart contracts. Some analysts call for Ethereum’s price to double to $5,000 in 2024. Hooked Protocol’s approach has successfully increased web3 and cryptocurrency acceptance through gamified learning. The platform plans to develop its SocialFi system, and provide a wider range of products to the crypto community in 2023. Hooked, based on the “Learn and Earn” concept popular in the cryptocurrency community, aims to bring new users to web3 through interactive and experience-based learning.
- After all, Bitcoin has the biggest market cap of all cryptos, as well as the widest adoption and name recognition.
- Metamask is by far the most used walled in the world of Ethereum.
- Then, consider its finite supply of 21 million coins, along with the slowing supply growth as halvings continue, and it becomes easy to see how it might have a brighter future than any other cryptocurrency.
- Gain significant profits via HOOK while only paying for a fraction of its total cost.
- While Hooked Protocol’s approach to Web3 adoption is not unique, it has the potential to go far, given the growing interest in the next generation of the Internet.
- This structure reflects the true value and enables typical use case functions.
For Bitcoin, there is one event in the near future that makes it the cryptocurrency most deserving of a place in your portfolio. Furthermore, the loudest buzz in the crypto-verse lately is the possible Securities and Exchange Commission approval of a spot Bitcoin exchange-traded fund (ETF). The speculation on Wall Street is that the SEC will give the green light for a spot Bitcoin ETF by Jan. 10. With Simpleswap we can buy BNB and receive it directly on our on-chain Metamask wallet, skipping most of the steps we’d have to take through a traditional exchange. Metamask is by far the most used walled in the world of Ethereum.
Tokenomics of Hooked Protocol (HOOK)
While these two catalysts helped renew sentiment across the crypto market, they will likely prove to be minor accelerants compared to what 2024 has in store. The most influential development pushing Bitcoin toward an all-time high is the upcoming halving. Hardwired into Bitcoin’s code, the halving reduces Bitcoin’s inflation rate in half roughly every four years. Currently sitting at 1.75%, in April of this year it will fall to 0.85%. After a brutal crypto winter in 2022, the resurgence that swept through the crypto asset class in 2023 was more than refreshing. With signs that a bull market might be looming ahead, 2024 is shaping up to be a year for the history books.
Where can I store HOOK?
With over three million monthly active users, the app is a gateway to Web3 resources in emerging markets. With its integrated infrastructures, Hooked plans to provide seamless Web3 onboarding solutions for businesses. Functioning as a suite for applications to solve any issues, this integration includes one-login with Hooked DID infrastructure, built-in wallet solutions, social graphs, and a user growth engine. At the same time, Hooked is building a set of user-facing products with token incentives for new user onboarding.
Instantly Deposit USDT via SEPA with no fees and make a spot trade to purchase Hooked Protocol. Bitcoin isn’t the only cryptocurrency that continues to rally higher. Ethereum, the second-largest cryptocurrency, is trading at $2,250, gaining more than 90% in 2023. As mentioned, analysts at JPMorgan are among those who expect ETH to grab the limelight in the coming year.
The main motivation for this is the very low fees that it offers. I’ve seen transaction fees of 100$+ in Uniswap, and nobody wants to pay that. Ethereum 2.0 has been in the works for years now, and there is still no solution for these absurd gas fees on the Ethereum Network. Users can use sophisticated trading strategies such as short-selling, arbitrage, pairs trading, etc. Founded in 2018, MEXC is known as the exchange of high-performance and mega transaction matching technology.
Crypto is roaring back, but what does 2024 have in store?
While lacking functionality, Bonk has been the best-performing digital token over the past year, running laps around the gains in both BTC and ETH. This post was authored by an external contributor and does not represent Benzinga’s opinions and has not been edited for content. This contains sponsored content and is for informational purposes only and not intended to be investing advice. Cryptocurrency is a volatile market; do your independent research and only invest what you can afford to lose.
The belief is that an ETF product will unlock potentially trillions of dollars of institutional capital for $BTC investment. No cryptocurrency is really safe to invest in like the S&P 500 is. Yet, Bitcoin is probably the safest digital one good trade asset to buy in 2024. After all, Bitcoin has the biggest market cap of all cryptos, as well as the widest adoption and name recognition. Futures Contract trading & prices are subject to high market risks and price volatility.
Hooked Protocol Supply
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. We rank top in the quantity of crypto listed among the first-tier exchanges. Buy Hooked Protocol (HOOK) directly from other users with MEXC peer-to-peer service. If you are a new user, this is the easiest option to purchase Hooked Protocol (HOOK).
How to buy Hooked Protocol in 5 Easy steps
Obviously, they have a gamified learning component which many users enjoy. Now, they have ramped up their app to include a social referral system. Furthermore, they created a Web3 community gateway that has enticing rewards, an easy-to-use wallet, and a decentralized user identity.
It is basically a streamlined educational approach that combines curiosity and hands-on experience. Furthermore, HOOK is used for in-app purchases and as a governance token that allows holders to vote on various community proposals and thus influence the direction of the ecosystem. Hooked Protocol is a gamified social learning platform that is developing products that strive to bring more people to the Web3 space. The Hooked Protocol ecosystem is powered by the HOOK governance token, and supplemented by the HGT token, which is primarily used for incentivization mechanics. You can purchase cryptocurrencies using methods such as credit card, global bank transfer (SWIFT), P2P trading, and third-party payments (Simplex, Banxa, Mercuryo). You can also trade among various cryptocurrencies across markets, including spot trading and derivatives like perpetual swaps.
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