My crypto people! 🚀 Get ready because today we are going to dissect the move of HOME, that DeFi app that in just 24 hours gave us a surge of 8.16% and has all of us wide-eyed. Is HOME preparing us for the next altcoin party? 🤔
Be alert with this, because things are heating up! It turns out that HOME made that leap not by magic, but through a master move! A massive airdrop of 1 billion HOME tokens was announced for the rewards of Season 2 of Degen Arena. Yes, you read that right, one billion! 🤑 This has people going crazy, wanting to get those tokens by any means before the snapshot on August 3. Imagine, 600 million tokens for individual rewards based on your XP and another 400 million for team achievements. Plus, if you stake HOME, you not only get XP multipliers but also a voice and vote in governance. This is a win-win that demands you to have HOME, no exceptions!
But that's not all, my people. The other move that's making HOME soar is its token buyback system. Attention! 80% of the protocol's revenue – which already totals about 15 billion dollars in accumulated volume! – goes straight to buying HOME tokens in the open market. This means that the more the application is used, the more tokens are bought and taken out of circulation, which causes the supply to drop and the price to rise! It's a reflexive demand that leaves you speechless. They made the first haul from July 22 to 28 and withdrew almost 2.4 million HOME! Crazy! 🤯
And to top it all off, those who read the charts know this is no coincidence. The technical indicators are on fire 🔥. The MACD has already made its bullish crossover, the RSI is in positive territory (61.85, almost in the stratosphere), and the price surpassed the 30-day moving average, touching Fibonacci resistance! Additionally, trading volume rose by 26% in 24 hours, reaching 31.4 million dollars. This is not smoke; it's people putting in money!
So now you know, the rise of HOME is an explosive mix of excitement for the airdrop, constant buybacks that put pressure on the price, and traders who see the opportunity. With the Altcoin Season index rising rapidly, will HOME, with its cross-chain utility, crown itself as one of the leaders in the next bull run? We must stay very alert to this play, because those who blink, lose! 👀$HOME
