Hooked Protocol (HOOK) is a learn-to-earn cryptocurrency that aims to onboard new users to Web3 through gamified learning experiences. Its native token, HOOK, was launched on 1 December 2022 and saw a surge of more than 40% on its second day.
HOOK is the only governance token in the Hooked Protocol ecosystem and is designed to have a limited supply and a deflationary nature. It is used for community governance, paying gas fees, accessing exclusive events and products, and buying in-game tools.
The price of HOOK has been volatile since its launch, with a bullish start followed by a dip in value. As of September 2024, HOOK is trading at around $0.47 with a market capitalization of over $87 million.
Looking ahead, price predictions for HOOK vary. Some sources suggest HOOK could reach a maximum price of $3.07 in 2023, $6.44 in 2025, and $15.02 in 2030. Others predict HOOK will reach $6.29 by 2023 and $9.44 by 2025.
Whether HOOK is a good investment depends on individual circumstances and risk appetite. Cryptocurrencies are high-risk assets, and investors should always do their own research before investing.
Characteristics | Values |
---|---|
Current Price | $0.467089 |
24-hour Trading Volume | $12,428,895 |
Current CoinMarketCap Ranking | #394 |
Circulating Supply | 186,660,920 HOOK coins |
Total Supply | 500,000,000 coins |
Price Prediction for 2025 | Between $0.449828 and $2.13 |
Price Prediction for 2030 | Between $1.136719 and $1.84309 |
Price Prediction for 2040 | Between $204.99 and $248.94 |
Price Prediction for 2050 | Between $282.03 and $332.69 |
What You'll Learn
Hooked Protocol's price predictions for 2025 and 2030
Hooked Protocol (HOOK) is a learn-to-earn cryptocurrency that aims to onboard billions of Web2 internet users to Web3. The platform has a dual token system: HOOK, its governance token, and Hooked Gold Token (HGT), an in-ecosystem utility token.
According to CoinCodex, the Hooked Protocol price prediction for 2025 is between $0.449828 on the lower end and $2.13 on the high end. In contrast, PricePrediction.Net predicts that HOOK will reach a minimum level of $0.5856 and a maximum level of $0.7313 in 2025.
For 2030, CoinCodex predicts that HOOK will be between $1.136719 and $1.84309. Meanwhile, PricePrediction.Net predicts that HOOK will reach a minimum value of $3.81 and a maximum value of $4.57 in 2030.
It is important to note that these are just predictions and that the actual price of HOOK may differ.
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The team behind Hooked Protocol
The Hooked Protocol team consists of three key people: Jason Y (Founder), Mike Y (CTO), and Jess L (CMO).
Jason Y has 10 years of experience in growth strategy and consumer internet at Uber and Meta. Mike Y is an engineer with a background in large-scale financial services and consumer product development. Jess L has experience in Silicon Valley's leading technology organizations (including Uber and Google) and specializes in marketing, strategy, and business development.
The team has locked its HOOK tokens under Binance Custody for a period of one year, followed by a five-year release schedule, to show its long-term commitment to the Hooked Protocol community.
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Hooked Protocol's unique features
Hooked Protocol (HOOK) is a decentralised finance platform that aims to drive the adoption of Web3.0 by providing tailored learning resources and onboarding support to businesses. It is one of the first platforms to combine GameFi technologies with learning and cryptocurrencies. Here are some of its unique features:
Secure and Trustworthy
Hooked Protocol is built on a robust blockchain infrastructure, ensuring a secure and transparent environment. This mitigates the risks associated with traditional financial systems.
Seamless User Experience
The platform prioritises a user-centric design, making the onboarding process simple and accessible to both experienced and novice users. This enables effortless engagement with the platform.
Innovative Yield Farming
Hooked Protocol introduces a unique yield farming mechanism that boosts rewards for liquidity providers and incentivises long-term participation. This fosters a sustainable ecosystem.
Dual Token System
The platform has two tokens: HOOK, its governance token, and Hooked Gold Token (HGT), an in-ecosystem utility token. HOOK is used to pay for gas fees, staking incentives, and accessing exclusive events and non-fungible token (NFT) purchases. HGT is used to incentivise the community.
Quiz-to-Earn App
Hooked Protocol has launched a Quiz-to-Earn App called Wild Cash, which offers an engaging web3 learning experience and rewards users with their first token.
Proof of Work and Time (PoWT) Mining Game
This game uses the traditional Proof-of-Work (PoW) mechanism, encouraging players to invest their time and effort on the platform.
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How to buy Hooked Protocol tokens
Step 1: Set up an account with a cryptocurrency exchange
You will need to create an account with a cryptocurrency exchange that supports Hooked Protocol tokens. Some of the popular options include Binance, Bitunix, Bitget, Gate.io, Bybit, and DigiFinex.
Step 2: Fund your account
Once you have created an account, you will need to fund it with fiat currency (e.g. USD, EUR) or another cryptocurrency such as Bitcoin or Ethereum. You can typically do this via bank transfer, credit/debit card, or another supported payment method.
Step 3: Purchase Hooked Protocol tokens
After your account is funded, you can purchase Hooked Protocol (HOOK) tokens on the exchange. Simply search for HOOK, enter the amount you want to buy, and place your order.
Step 4: Withdraw your tokens to a wallet (optional)
If you plan to hold your HOOK tokens for the long term, it is generally recommended to withdraw them from the exchange to a secure crypto wallet. This could be a hot wallet (software-based) or a cold wallet (hardware-based). Withdrawing your tokens to your own wallet gives you more control over your private keys and reduces the risk of losing your tokens if the exchange is hacked.
Step 5: Consider staking or participating in the Hooked ecosystem
Once you have purchased your HOOK tokens, you can consider participating in the Hooked ecosystem. For example, you can use your tokens for community governance, staking, or accessing exclusive events and non-fungible tokens (NFTs).
Please note that cryptocurrency investments, including HOOK tokens, are subject to high market risk and volatility. Always conduct your own research and invest only what you can afford to lose.
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Hooked Protocol's future plans
Global Market Expansion
Hooked Protocol aims to expand its presence globally, particularly in Southeast Asia, Latin America, the Middle East, and Africa. These regions collectively have a population of around 3 billion, and Hooked Protocol believes that people in these regions have a strong interest in learning about Web3. The company intends to launch its Learn-to-Earn dApp, Wild Cash, in more countries within these regions and create localized versions to cater to specific user habits and preferences.
Content and Platform Enrichment
Hooked Protocol plans to develop diversified and engaging content to enhance users' learning experiences. This includes professionally generated content (PGC) and user-generated content (UGC). They will also be creating more gamified quiz platforms and knowledge-sharing platforms, both in-house and through partnerships with existing platforms, to make learning about Web3 interactive and fun.
SocialFi System
Hooked Protocol is developing a SocialFi system to foster a community where members can share, contribute, and utilize their social connections. This includes referral mechanisms, social groups, and sub-DAOs to encourage community engagement and knowledge sharing. They also plan to implement a Decentralized Autonomous Organization (DAO) structure to involve the community in governance and decision-making processes.
Self-Sustainable Ecosystem
Hooked Protocol aims to establish a self-sustainable flywheel-based ecosystem with massive Web3 user and business adoption. They want to create a Web3 marketplace where community members can connect with applications and businesses, facilitating bilateral economic activities and contributing to the long-term sustainability of the Hooked ecosystem.
Mentorship and ClassDAO
Hooked Protocol will identify and empower community influencers with mentorship and leadership skills to guide and support new members in their Web3 journey. The ClassDAO will be a knowledge-sharing and learning DAO with well-established governance mechanisms, encouraging more community members to become mentors and creating a virtuous circle of learning and engagement.
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Frequently asked questions
Hooked Protocol is a learn-to-earn crypto platform that aims to onboard new users to Web3 through gamified experiences. Its native token is HOOK.
The price prediction for Hooked Protocol in 2025 is positive, with a forecasted maximum price of $2.13, $6.44, $7.31 and $2.13 from different sources.
The price prediction for Hooked Protocol in 2030 is also positive, with a forecasted maximum price of $1.84, $15.02, $4.57 and $5.56 from various sources.
Whether Hooked Protocol is a good investment depends on your risk appetite and financial situation. Cryptocurrencies are high-risk assets, so be sure to do your own research and only invest what you can afford to lose.