The crypto market is anticipated to be more volatile in the coming days as many of the altcoins are enduring massive price variations including the top currencies like Bitcoin and Ethereum.
BTC is diverging between $47,000 and $51,000 and ETH between $1400 and $2000. As result prices of the newly entered altcoins like HOGE and PAID have encountered massive price variations.
Effectively, HOGE attained more than 130% impulse in the last 24 hours. Unfortunately, PAID has devastated over 90% in the past 24 hours.
Hoge Finance: HOGE Price Analysis
HOGE entered the crypto space on 15 February at a low trading value of $0.000001 and continued to trade at the same price and reached $0.000007 by March. Currently, Hoge finance is currently under the control of bulls with gaining more than 130% momentum.
In the last 24 hours and also listed a new all-time high on 6 March. Before the surge, the currency differentiated between the $0.000001 and $0.000007 mark.
What poised the sudden surge?
Hoge finance defines itself as a deflationary and Dogecoin of the DeFi world. It intends to offer features like auto staking and frictionless yield farming. It burns the token on every transaction.
One of the main causes for the surge may be the announcement by the exchange platform WhiteBIT regarding the listing of Hoge Finance.
At a press time, HOGE price is $0.00004484 with a 24 hours trading volume of $4,185,042. It is up 123.81 in the last 24 hours and the current coinmarket rank is #2355.
PAID Price Analysis
PAID made an existence in the crypto market on 26 January with a trading value of $0.43. Further the price steadily started to escalate and drastically hit $6.38 to achieve a new all time high on 18 February and plunged to $2.35 at the end of February. Currently, the currency is in a bearish divergence and suffered with losing over 90% momentum in the last 24 hours.
Reason behind the massive plunge
PAID network is a comprehensive toolkit for business transactions. It is the first platform to introduce Smart Agreements, a simplified business contract. Unfortunately, the community terminated the trade. One of the main reasons behind the massive price drop is the exploitation suffered by the community.
Someone minted and sold the PAID tokens worth around $51 million. The attacker potentially hacked the community with accessing the private keys of the team.
Despite the exploitation the PAID Network has not anything but the community has announced that it is actively investigating the problem and also it has also removed the liquidity and trading until the resolvement of the issue.
At a press time, PAID price is $0.29 with a 24 hours trading volume of $37,182,485. It is down 89.46% in the last 24 hours. The market capitalization is $5,768,627 and the current coinmarketcap rank is #1161.
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Source: https://coinpedia.org/price-analysis/hoge-and-paid-price-analysis/
