Question 1

What determines the price movement of Hourglass Protocol (HGP)?

Accepted Answer

There are two schools of thought when it comes to determining the price of a cryptocurrency like Hourglass Protocol.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Hourglass Protocol, collectively known as <0>fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Hourglass Protocol. By way of price action: <0>technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Hourglass Protocol on the basis that history tends to repeat itself.
Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Hourglass Protocol. Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Hourglass Protocol and the broader cryptocurrency market.

Question 2

What is the highest price of Hourglass Protocol price in history?

Accepted Answer

Hourglass Protocol achieved the all-time high of 590.06 in 2024-06-11, and is currently trading at 24.71.

Question 3

What is the lowest price of Hourglass Protocol price in history?

Accepted Answer

Hourglass Protocol reached its all-time low of  21.69 on 2024-09-29.

Question 4

What is the current market cap of Hourglass Protocol?

Accepted Answer

The current market cap of Hourglass Protocol is  , as  HGP is trading at the price of 24.71.

Question 5

How many Hourglass Protocol are there in the market?

Accepted Answer

There are currently  HGP circulating in the market. These Hourglass Protocol can be actively traded or used in the open market.

Question 6

What is the maximum supply of Hourglass Protocol?

Accepted Answer

The maximum supply of HGP is 712 , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

Question 7

What is the fully diluted market cap (or FDV) of Hourglass Protocol?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Hourglass Protocol is 17593.520. The FDV is calculated taking the assumption that all supply of Hourglass Protocol is circulation, multiplied by its current price of  24.71.

Question 8

What is the price prediction of Hourglass Protocol ?

Accepted Answer

Using an algorithm to automatically identify historical data trends, this <0>Hourglass Protocol price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Question 9

Is Hourglass Protocol a good investment?

Accepted Answer

Hourglass Protocol offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Hourglass Protocol and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and <0>do your own research (DYOR) before investing in Hourglass Protocol.

Question 10

How to buy Hourglass Protocol?

Accepted Answer

You can buy Hourglass Protocol via Gate by following the steps on <0>how to buy HGP once you have funded your account.

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About Hourglass Protocol (HGP)

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