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HOOK Price Prediction as Hook Protocol Token Surges

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Hooked Protocol price has been one of the best-performing cryptocurrencies in 2023. The HOOK token soared to about $3, which was the highest point since December 11. A closer look reveals that the coin has more than doubled in the past few days. So, what next for the HOOK price?

Hooked Protocol is surging

Hooked Protocol has emerged from a relatively unknown blockchain project into one of the leading players in the sector. It is a blockchain project that owns a Web3 product known as Wild Cash that has millions of users. 

For starters, Wild Cash is a mobile application that anyone can download in the smartphones. It operates a quiz-to-earn platform where people can earn money in form of tokens by answering questions. As a result, through its model, millions of people looking to make some extra coins are using the app. Its Android app has more than 1 million downloads.

There are other ways of making money using Wild Cash. For example, one can refer their friends or social media users and earn rewards when they subscribe. Also, one can stake, swap, and transfer tokens in popular exchanges like Binance.

Hooked Protocol has two tokens: HOOK and Hooked Gold Token (HGT). HOOK is the governance token for the ecosystem while HGT is the ecosystem token that is used to reward users of the network. 

HOOK price is rising as the Wild Cash app gets more popular these days. At the same time, it has jumped because of the ongoing Fear of Missing Out (FOMO) as the crypto industry stages a recovery. Bitcoin has already moved to a five-month high of $23,000 while the total market cap of all cryptocurrencies jumped to over $1 trillion.

HOOK price forecast

HOOK Price

Hooked Protocol price continued its comeback on Monday. It has been in a strong bullish trend, which saw it form an ascending channel that is shown in yellow. The token moved above the upper side of the channel on January 20th. Hook also rallied above all moving averages while volume remains being at an elevated level.

Therefore, while the overall trend is bullish, I suspect that the token will retreat in the coming days. If this happens, the next key level to watch will be at $2.20, which is about 20% below the current level. On the flip side, a move above the psychological level of $3 will invalidate the bullish view.

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IMX Price Double-Tops Ahead of Immutable X Token Unlocks

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IMX crypto price pulled back on Friday as investors waited for the upcoming token unlock that is scheduled for Saturday. The token rose to a high of $0.675, which was slightly above the intraday low of $0.6513. It remains a few points below this year’s high of $0.7500. 

Immutable X token unlock

Immutable X is a relatively small blockchain that plays an important role in the non-fungible token (NFT) industry. It is a layer-2 network that is focused on the non-fungible token (NFT) industry. A layer-2 network is a sidechain that handles transactions at a faster pace and at lower costs than Ethereum.

These networks, which include networks like Polygon, Arbitrum, and Optimism, handle transactions at a significantly lower cost. That’s because Ethereum is well-known for its substantially slow speeds and high transaction costs.

As a result, Immutable X has become a favorite blockchain for developers to launch their NFT collections. Data compiled by CryptoSlam shows that Immutable X handles tens of millions of NFT collections on a daily basis. In January, it has handled $11.3 million NFTs, lower than the $14 million that it processed in December. At its peak, it was handling over $53 million worth of NFTs per month.

Immutable X’s IMX token price retreated slightly ahead of the upcoming token unlock that will happen during the weekend. A token…

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Cardano Price Gains Momentum as DeFi and NFT Ecosystem Wakes Up

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Cardano price has been in a strong bullish trend in the past few weeks, making it one of the top-performing cryptocurrencies. ADA, its network token, has risen to a high of $0.39, which was the highest point since November 8. It has jumped by over 58% from the lowest level in 2022.

Cardano DeFi ecosystem rebound

Cardano price has been in a strong recovery as activity in its network do well. Data compiled by DeFi Llama shows that the total value locked (TVL) in Cardano’s DeFi ecosystem has been in a strong recovery as cryptocurrencies rebound. After falling below $60 million in 2022, the TVL has bounced back to about $102 million.

A closer look shows that most DeFi platforms are doing well. For example, MinSwap has seen its TVL jump by over 41% in the past 30 days. It has a market dominance of 31.4%. In the same period, Meld has seen its TVL soar to over$17.59 a million, making it the second-biggest DeFi platform in Cardano.

Other top players in the ecosystem are Indigo, WingRiders, MuesliSwap, and SundaeSwap have all seen their TVLs jump by double-digits, as shown in the chart below.

Cardano NFT…

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Aptos Price Continues to Defy Gravity as Activity Rises

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Aptos price has been one of the best-performing cryptocurrencies in 2023 as it roared to its highest point on record. APT jumped to a high of $20.45, the highest point on record. In all, it has jumped by more than 493% from the lowest level of all time. 

Why Aptos is soaring

Aptos is one of the fastest public blockchains in the world. It is an Ethereum rival that acts as a foundation for developers to build adaptive and high-quality applications across all sectors. The network, which is well-funded, has excellent speeds of more than 10,000 transactions per second.

Aptos has gained a lot of traction in the past few months. A good way to look at it is to consider the volume of assets that have been locked in the ecosystem. Data compiled by DeFi Llama shows that Aptos has a total value locked (TVL) of more than $75 million. 

The number of apps in its ecosystem has been on a steady growth in the past few months. According to DeFi Llama, the number of DeFi apps in its ecosystem have grown to 16. It has a total value locked (TVL) of more than $75.65 million, making it one of the biggest players in the industry. 

PancakeSwap is the biggest app in its ecosystem with a TVL of over $34 million. This…

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