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Cryptocurrency News Articles

HUND Price Prediction: HUND Sees Mild Increase in the Last 24 Hours, But Will It Last?

Jan 03, 2025 at 06:03 pm

The Hund price surged 6% in the last 24 hours to trade at $0.016 as of 2.10 a.m. EST on trading volume that went up 3% to $14.34 million.

HUND Price Prediction: HUND Sees Mild Increase in the Last 24 Hours, But Will It Last?

hund price today is $0.016, a 6% increase in the last 24 hours with a trading volume of $14.34M, which went up 3%.Hund is a crypto project that mixes AI and memes, inspired by the German Shepherd dog. It combines advanced artificial intelligence solutions and innovative AI tools with NFTs, the meme culture, a DEX platform, and its own game. We have the best looking NFTs. 🔥🔥@HundLandNFT pic.twitter.com/SmQcMI7olr

— HUND | Official (@HundOnSol) January 2, 2025

The project’s price is also quite volatile, especially in the short term, often seeing sharp surges and corrections, while spending time in between them trading sideways.

Right now, its price is at $0.016, and its weekly chart shows that it is still down 3%. However, since last week, the token dropped to $0.011 and skyrocketed to $0.01752, only to drop to $0.013, and then recover to $0.016, where it sits at the time of writing.

In other words, Hund is a project that sees a lot of short-term movement, and while this can provide plenty of opportunities for day trading, it can also be quite risky.

Hund Price Prediction

The Hund price saw a mild increase in the last 24 hours, only to start a slight correction again about three hours ago. This caused it to drop from $0.01728 to $0.01615, from where it is already giving signals of a new recovery.

Its Bollinger bands saw just as much activity as the price itself, narrowing and widening every few hours by a small margin, typically seeing greater fluctuations whenever the price sees a larger surge or drop.

Right now, they are among the widest they have been over the last two days, which suggests that greater price movements might be expected. The price itself spent the last 20 hours mostly fluctuating between the upper band and the middle line between the two bands, with only two exceptions — one about six hours prior to the time of writing, when it dropped to the lower band, only to immediately surge back up to the upper one, and another about an hour ago, when it dropped halfway between the middle line and the lower band.

The project’s Relative Strength Index (RSI) value also saw strong fluctuations between the neutral zone at 50 and the overbought zone for most of December 2, only to start seeing greater movement in the early hours of December 3.

It nearly went to the oversold zone twice in the last six hours, and the first drop was marked by a sharp surge back to the overbought zone, suggesting that traders were quick to buy the dip. Now, it nearly reached the oversold zone again, which could trigger another surge. That means that those who react quickly could get HUND before it surges and see a minor profit.

However, enter too late, and you may buy it around the time when traders start taking profit, in which case the price will likely start dropping. Finally, it is worth noting that Bitcoin itself encountered a barrier at $97.5k and stopped its recovery, which will likely reflect on the altcoin market, and therefore Hund as well.

Promising Alternative To Hund

Those who are interested inHund might also want to consider the new meme coin, Flockerz (FLOCK), which is currently in presale and managed to raise over $8.5 million from investors.

The project saw massive interest and support from investors due to its unique new model called Vote-To-Earn (V2E). The model was designed to reward FLOCK token holders for participating in project governance and voting on various proposals.

This is a key activity for any decentralized project, where its community is in charge of making decisions that the developers later implement. However, in a lot of cases, community members eventually lose interest, which could leave the project in the hands of a small number of users and increase its centralization.

To prevent this, Flockerz aims to reward anyone who votes on its proposals with a small amount of FLOCK, thus incentivizing token holders to keep coming back. What’s more, they can also stake their tokens and earn staking rewards, further increasing their holdings.

If you are interested in joining the project, the best time to do so is right now, while its token is still in presale, and its price sits at just $0.0066087.

A popular crypto YouTuber, ClayBro, who has over 134k subscribers, said in a recent video that Flockerz could see 100% gains.

Keep in mind that the FLOCK ICO is scheduled to end in 19 days, making this the last

News source:insidebitcoins.com

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