Among the new coins introduced in the market for purchasing and investment Hana is the latest coin which has attracted many investor and those who are interested in cryptocurrencies. HANA has joined the crypto market with differentiation and purpose and has big plans for the future.
Hana trades at $ 0.000353 in the market already showing a 2.65% rise in the last 24 hours that shows the market is already favourable in the early stages of its trade. It currently occupies the #2808 position and has a market capitalization of $3,528,926. This relatively low rank possibly shows that Hana is still fairly young, which is good news for early adapters and investors, who seek promising projects.
For instance, Hana is among the few cryptocurrencies that trade at high volumes within the 24 hours elapsing prior to this report’s preparation, an average trading volume of 1.97 millin USD ranking the token 782. This is an extremely active trading pair in terms of volume to the total market cap, currently trading at a volume to market cap ratio of 55.93%. This type of liquidity can be appropriate for traders as creates the opportunity to access the positions of the fund with less troubles.
According to the framework, the total allowance of the Hana tokens is 10 billion HANA – as elementary as that, no more tokens will ever be minted. It is highly beneficial to outline that the fixed supply cap is an important feature which, in one way or another, gives an understanding of the token’s relative scarcity and its probable inflation rate. However, based on the self reported circulating supply at 10 billion HANA, all the tokens are already in circulation. This ramp is actually a transparency or non centralized distribution of token which is seen as a positive signal by potential investors.
Currently, Hana has a fully diluted market cap of 3.53 million achieved by the multiplication of the current price by the maximum supply of token. This figure helps to determine future market capitalization, assuming that all tokens are currently available at the current price.
Unfortunately, there is no specific information about Hana about its use case and technology it employs in the given information and while it has been relatively new in the crypto market, there seems to be growing interest in what it has to offer or perhaps what it seeks to address in the blockchain industry. All these should be done to help potential investors to avoid rushing into the investment process by investing blindly into new cryptocurrency without researching on the kind of technological advancement the cryptocurrency comes with, the background of team behind the cryptocurrency and potential developments in the cryptocurrency’s future.
The cryptocurrency market is priced quite erratically and new tokens often fluctuate quite drastically in their price. $HLG is currently trading at $0.000353 and there are always tendencies that with change and increased focus on the project the price is bound to fluctuate in the short run.
The overall token price seems quite low, and for that reason, Hana may incorporate more token demand from retail investors eager to acquire a more extensive tokens amount. But you should not forget that the number of tokens you have is not the key issue, but the total investment and the prospects for the project’s development and launch.
For instance, as Hana deepens its roots within the ecosystem of decentralized currencies, it remains to be seen how volatile its price will be as well as its momentum, alongside any ability to form strategic alliances further towards its destiny. Thus, the crypto community was likely to pay attention to Hana growing rapidly from relatively high trading volumes for such a comparatively small market cap.
Anyone interested in Hana should equally wait for official communication from the Hana project team and be active on the Hana community to monitor any See technological development or use case scenarios that may be implemented. Like with any other investment in the composite field of cryptos, appropriate diversification as well as risk management should be greatly prioritized.
The incorporation of Hana to the market of cryptocurrencies extends from the list of digital currency available in the market. From the figures the performance of the site in the social media early on indicates that it has secured some level of attention in the crypto community. However, bearing in mind that it is a new project in this industry, the sustainability of this particular product will depend in factors such as technological advancement, real life applications, market forces, and regulations.
With the crypto market growing day by day, such projects as Hana advance the variety and development of the industry. If Hana will enter the list of the largest crypto companies remains to be seen, yet the entrance of the company definitely enriches the market with another interesting maker for crypto users and investors.
