Transferring ahead, we’ll dive straight into our full HAKA coin evaluation. In any case, because the challenge has been round for greater than two years, lots of you already know what it’s all about. However you most likely want to take a better take a look at the HAKA coin value motion to find out whether or not or not it is likely to be purchase. So, utilizing the fundamentals of technical evaluation (TA), we’ll discover the place the HAKA token has been and the place it’s at the moment at. Then, we’ll additionally provide some HAKA coin value prediction speculations, which we’ll additionally embrace in our forecast for the TribeOne coin.
Nonetheless, since not all of you understand this crypto challenge, we’ll additionally add a number of sections going over the fundamentals. That is the place you’ll have an opportunity to get acquainted with the TribeOne crypto challenge and the HAKA crypto token.
That mentioned, if you’re already aware of these points, you’ll most likely wish to skip that half and bounce straight to the “Ought to You Purchase $HAKA?” part. That is the place you’ll find out how Moralis Cash will help you identify if and when to purchase the HAKA crypto asset.
Full TribeOne (HAKA) Coin Evaluation
We’ll cowl the properties of the HAKA crypto token (tokenomics, utility, and many others.) in a while, however now, we are going to as a substitute concentrate on the asset’s value motion. Simply by glancing on the above picture, which incorporates the HAKA coin’s line value chart, you’ll be able to see that the asset has been by means of so much.
Nonetheless, let’s use a weekly candlestick chart to make extra sense of the TribeOne coin’s value knowledge.
HAKA Technical Evaluation
The above weekly chart places the present HAKA token value ranges into correct perspective. In any case, on the time of writing, the coin’s value ranges close to the asset’s lowest ranges. However let’s take a look at how $HAKA reached this level.
The asset began to commerce in late June 2021 at $0.088-ish. The primary six weeks following the token’s itemizing weren’t all that brilliant for $HAKA. In any case, the crypto’s value reached as little as $0.03-ish in late July of 2021.
Nonetheless, you most likely do not forget that, at the moment, Bitcoin and many of the crypto markets began a closing rally of the cycle. And the HAKA token was a part of that run that lasted till late November 2021. That is when $HAKA marked its all-time excessive (ATH) worth at $0.5-ish.
In fact, the trail from the aforementioned low to ATH wasn’t a straight line – there was even a 55% pullback alongside the way in which. Nonetheless, the token elevated by greater than 16x in lower than 4 months. And whereas that enhance is sort of respectable, in comparison with altcoins’ common of 50-70x, it’s not that spectacular both.
Following the asset’s highest value, its worth decreased sharply. It was introduced down by the remainder of the market’s downturn. Even the HAKA token’s backside neatly corresponds to Bitcoin’s backside in November 2022.
At the moment, the HAKA coin’s value dipped beneath $0.0068, and many of the every day candles closed simply above that degree. As such, $0.0068 is the asset’s lowest vital help.
Talking of help, make sure that to take a look at HAKA’s every day logarithmic chart beneath. It outlines all the main ranges of help and resistance (horizontal blue line). On this chart, you too can see two downward trendlines (sloping blue traces) and a bullish divergence (yellow traces).
HAKA Crypto Worth Prediction
The above chart will play an essential position in our HAKA coin value prediction. Nonetheless, earlier than we specific that prediction, let’s hint the remainder of the asset’s value motion.
Following its lowest level in November 2022, the token managed to interrupt out of its downtrend on January 9, 2023. In truth, from early January to early February 2023, $HAKA pulled off a 400%-plus rally. Nonetheless, it acquired rejected on the $0.03-ish area and took one other downturn in direction of the $0.0068-ish degree.
On the time of writing, the asset is sitting at $0.0072-ish, so it’s bouncing on high of its lowest help. Although, it’s value declaring that, in mid-June, the value and RSI printed a bullish divergence. The latter pushed the asset worth out of the downward development however was rejected at $0.009-ish. Nonetheless, RSI stays above the oversold, which exhibits some energy.
As such, if the remainder of the crypto market manages to push upward, the HAKA coin value prediction can be all in regards to the above-outlined ranges of significance. All these costs are very more likely to come into play within the upcoming bull market.
Nonetheless, if the HAKA crypto coin manages to interrupt above its present ATH degree, then it’ll enter discovery mode. In that case, we will use the Fibonacci retracement device to get some HAKA coin value prediction ranges.
So, utilizing that device, we get the next – barely extra optimistic – long-term HAKA coin value prediction speculations:
- $0.866-ish (based mostly on the “1.618” extension)
- $1.398-ish (based mostly on the “2.618” extension)
- $1.929-ish (based mostly on the “3.618” extension)
- $2.257-ish (based mostly on the “4.236” extension)
HAKA Coin Future Forecast within the Years to Come
It’s essential to do not forget that issues occur quick in crypto. Cryptocurrencies could make large strikes in a short while span. In fact, these strikes will be in each instructions.
With that in thoughts, it’s actually onerous to make any correct long-term forecasts. As a substitute, these are all pure speculations.
Nonetheless, based mostly on our expertise with the crypto markets, we anticipate the present bear market to finish quickly. Consequently, our expectations for the way forward for altcoins evolve across the bull market thesis. As such, we anticipate Bitcoin, and particularly altcoins, to extend in worth over the upcoming two years.
In fact, not all alts will do nice; nevertheless, these with energetic groups have an awesome probability of accelerating.
For the reason that TribeOne coin has a comparatively low market cap, it has loads of room for potential progress. So, if the asset had been to choose up some severe traction, the subsequent bull run might take the $HAKA value even greater than the above-presented HAKA coin value prediction ranges.
Exploring the TribeOne Crypto Challenge and HAKA Coin
The next two sections and their subsections are right here for these of you not but aware of the HAKA crypto challenge. That is the place you’ll be able to study the gist of TribeOne and its native cryptocurrency: the TribeOne coin.
In case your main curiosity revolves round buying and selling alts and if you can also make income from $HAKA, be happy to leap to the “Ideas on the HAKA Crypto – Ought to You Purchase $HAKA?” part. That is the place you’ll discover ways to reply that query with confidence, due to the ability of Moralis Cash.
TribeOne is a DeFi and NFT funding platform that goals to create an industry-leading NFT-lending expertise. The challenge already provides an instantaneous NFT-lending dapp, which permits customers to utilize a mortgage to buy NFTs with a 25% down fee and nil collateral.
In response to TribeOne’s docs, the challenge goals to change into a platform that breaks obstacles within the conventional monetary ecosystem. Their purpose is to provide the TribeOne group and different crypto customers a platform that lets them lend, borrow, and spend money on crypto property, significantly NFTs.
The basics of the TribeOne crypto challenge lie in bringing NFTs to the forefront of DeFi. On the time of writing, the challenge’s fundamental targets are to supply personalized NFT lending choices that permit customers to buy their favourite NFTs. Plus, to empower TribeOne customers to earn passive revenue by renting out Decentraland NFTs.
The challenge additionally goals to launch the primary social media NFT market and Axie area. The previous can be an all-in-one NFT market for collectors and artists, whereas the latter can be a platform the place gamers borrow and play axies (from Axie Infinity) to battle, breed, and earn.
Word: If you happen to want to dive deeper into the ins and outs of TribeOne, make sure that to take a look at the challenge’s GitBook docs.
Except you’re simply getting into the crypto sphere, you probably already understand how essential robust communities are. As such, each crypto challenge goals to create a vibrant and dependable group of supporters. Furthermore, TribeOne isn’t any exception. If nothing else, the challenge even has “tribe” in its title.
There are a number of retailers you should utilize if you happen to want to be part of TribeOne’s group. As an illustration, you’ll be able to merely observe the challenge’s official X (previously Twitter) account:
To see all out there choices to affix the HAKA crypto tribe, scroll down the challenge’s official web site till you see the “Be part of the TRIBE” part:
It’s additionally value declaring that TribeOne has an rising DAO, the place of us can be part of to achieve governance energy. Yow will discover extra particulars about that possibility within the challenge’s docs.
What’s the HAKA Cryptocurrency?
The HAKA cryptocurrency is TribeOne’s native token with a number of use circumstances (see beneath). The token was created again in June 2021 on the Ethereum blockchain in addition to on the BNB Chain community. Moreover, TribeOne’s documentation describes $HAKA as a purely deflationary token mannequin with sustainable grounds on the present NFT and DeFi house.
Tokenomics of the HAKA Token
The next listing covers HAKA’s tokenomics:
- Identify: TribeOne
- Image/ticker: HAKA or $HAKA
- Networks: Ethereum and BNB Chain
- Tokens good contract addresses:
- 0xD85AD783cc94bd04196a13DC042A3054a9B52210 (ETH)
- 0xD85AD783cc94bd04196a13DC042A3054a9B52210 (BNB)
- Token kind: ERC-20 and BEP-20
- Preliminary circulating provide: 3.22%
- Whole token provide: 188,370,288
- Preliminary token allocations:
The HAKA token has a number of use circumstances. The next listing covers all main points of the token’s utility. Nonetheless, from a broader perspective, they’ll all be assigned to platform rewards and TribeOne governance.
Listed here are the small print of HAKA use circumstances and advantages:
- Depositors of cryptocurrencies in TribeOne obtain $HAKA (lot allocation on NFT financing).
- HAKA holders get unique entry to NFT launches with TribeOne’s associate marketplaces.
- These holding $HAKA get extra reductions on loans.
- Customers that supply collateral in $HAKA obtain preferential charges as a reward.
- HAKA holders obtain faster entry from low to zero-collateralized loans.
- $HAKA is rewarded to customers who settle their low or zero-collateralized loans early.
- Rights to TribeOne’s P2P claims evaluation and governance rights.
- These collaborating in threat evaluation and governance are incentivized by $HAKA.
- By holding $HAKA, customers get to construct up their TribeOne repute.
What Sort of Token is the HAKA Coin?
Judging by its use circumstances, $HAKA is a platform utility token, a rewards token, and a governance token. Nonetheless, from the technical perspective, the asset is a fungible token that follows the ERC-20 customary on Ethereum and the BEP-20 customary on BNB Chain. That interprets to saying that HAKA is an ERC-20/BEP-20 token.
Ideas on the HAKA Crypto – Ought to You Purchase $HAKA?
In our opinion, HAKA has a good upside potential. Nonetheless, the asset’s tokenomics, significantly the preliminary distribution, are removed from nice. Even now, loads of $HAKA sits in a single pockets. So, do you have to purchase HAKA?
Properly, since we aren’t monetary advisors, we will’t reply that query. Plus, solely you understand your monetary scenario and threat tolerance properly sufficient to make that decision.
Nonetheless, if, based mostly on the above part, you discover $HAKA fascinating, you should analysis the token additional. There’s no higher place to try this than on the Moralis Cash TribeOne ($HAKA) token web page. That is the place yow will discover all of the instruments and assets that can aid you decide whether or not or not you should purchase this crypto.
Word: As a result of HAKA’s transition to v3 liquidity, the value charts for the HAKA markets on DEXs solely present knowledge from July 18, 2023, onward.
If, after correctly researching the TribeOne coin, you wish to get a bag of $HAKA, don’t rush into shopping for it. As a substitute, make sure that to cease for a second and take a better take a look at the token’s alpha metrics.
These are the real-time, on-chain metrics that Moralis Cash provides. These insights allow you to find out whether or not now’s the correct time to purchase the asset or not. In any case, the on-chain momentum at all times precedes value motion. And, when shopping for, you wish to see rising on-chain traction.
With that in thoughts, observe the above hyperlink to that web page, or use the interactive widget beneath. Both path lets you decide whether or not you should purchase $HAKA or not with confidence.
The place and The right way to Purchase HAKA Safely?
There are some CEXs that supply HAKA. Nonetheless, if you happen to imagine in proudly owning your crypto, you’ll wish to purchase the token by way of a good DEX. Thankfully, you should utilize Uniswap to purchase $HAKA on Ethereum and PancakeSwap to purchase $HAKA or BNB Chain.
That mentioned, it is best to take the trail of the least resistance that awaits you proper on Moralis Cash’s $HAKA web page. Within the top-right portion of the web page, yow will discover the moment crypto swap function. Other than being proper the place you’re already performing your analysis, it additionally supplies a safe approach and is without doubt one of the most cost-effective methods to purchase crypto. As such, it’s the very best place to purchase the HAKA token.
Word: In case you don’t know how one can swap on the Ethereum community but, we advocate you try our step-by-step information on how one can swap ERC-20 tokens.
Discover Comparable Cash Utilizing Moralis Cash
Earlier than you progress on from immediately’s article, we wish to remind you of the truth that there are numerous altcoin alternatives on the market. In any case, there are already 1000’s of tokens stay, with new ones getting into the scene every day. So, make sure that to not get hung up on $HAKA.
Thankfully for you, yow will discover the very best altcoin alternatives at any time with Moralis Cash’s core function: Token Explorer. The latter lets you run preset or distinctive methods to identify alts with potential based mostly on their real-time, on-chain metrics.
Let’s say that TribeOne has good alpha metrics if you discover its token web page. In that case, you should utilize these metrics as your search parameters with Token Explorer. By doing so, you’ll discover related cash with ease.
So, use the next animations to get acquainted with Token Explorer immediately:
- That is the way you run distinctive methods:
You can begin taking part in round with Token Explorer by visiting this device’s web page or just utilizing the interactive widget on the backside of the article. Sure, you will get going free of charge!
Nonetheless, if you’re severe about your altcoin investing, you’ll wish to entry decrease timeframes. For that, you want to enroll in the Starter and Professional plan.
Nonetheless, don’t forget that you’re not restricted to Ethereum when utilizing this final on-chain evaluation device. With two clicks, you’ll be able to swap to any of the main EVM-compatible networks (BNB Chain, Polygon, Arbitrum, and many others.).
TribeOne Coin Evaluation and HAKA Crypto Worth Prediction – Key Takeaways
- The HAKA coin has been round because the Summer time of 2021, and the asset’s value has been by means of so much since then.
- After reaching $0.5-ish in November 2022, the asset has touched the $0.0068-ish help many occasions.
- On the time of writing, $HAKA is close to its lowest level, buying and selling round $0.0072-ish.
- If the challenge good points correct momentum, its value might swell to the asset’s ATH and past.
- Essentially the most optimistic HAKA coin value prediction based mostly on the Fibonacci retracement device factors to $2.257-ish.
- The TribeOne challenge is primarily specializing in NFT lending.
- To find out whether or not or not you should purchase $HAKA, use Moralis Cash’s token web page devoted to that asset. Don’t neglect to make use of alpha metrics to time your trades extra successfully.
- Discover different altcoin alternatives with Moralis Cash’s core function: Token Explorer.