Hooked Protocol worth 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 foremost 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 folks 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 reason why the HOOK worth has defied gravity up to now few days. First, the developer began distributing the primary batch of airdrops on Thursday. In line with BscScan, there at the moment are tokens price $187 million in its airdrop pockets.
This airdrop was meant to reward early supporters of the network on the Hooked Occasion Move NFTs. It additionally helps the motivation of customers to proceed constructing on the community. There shall be 5 extra airdrop batches within the coming months.
The final 5 airdrops shall be for current Hooked Occasion Move NFT holder and long-term group contributors. They are going to occur on the primary day of every month.
HOOK worth additionally rose because it rose to the highest rating of the social section of DappRadar rankings of probably the most energetic apps.
Hook worth prediction
The hourly chart reveals that the HOOK worth has been in a consolidation section up to now few days. It has been hovering on the vital stage of $2.0 This worth is alongside the 25-day and 50-day transferring averages whereas the Relative Power Index (RSI) has risen above the impartial level of fifty.
Due to this fact, Hooked Protocol worth will seemingly drop throughout the weekend as the keenness of the airdrop fades. If this occurs, the token will seemingly drop to about $1.50.