HEMI is currently trading at around $0.0353 with a market cap of $34.5 million. The token is receiving significant attention, as evidenced by its high trading volume over the past 24 hours, which reached $68.47 million, indicating considerable short-term volatility (volume/MC ratio \around 2.0). This follows a 30-day decline of over 53%, driven by profit-taking and pressure from the broader altcoin market.
The fundamental value and ecosystem growth
The fundamental proposition of HEMI lies in the structure of the 'digital finality', which leverages the Proof-of-Proof (PoP) mechanism to anchor EVM programmability to Bitcoin's robust security. The ecosystem momentum is strong, as highlighted by the mainnet launch that quickly attracted over $440 million in TVL, major DeFi partnerships, and its integration into major exchanges like Binance.
The introduction of the new economic model HIPPO-2 aims to counteract future supply inflation through a fee-burning mechanism and incentivize long-term commitment through participation in veHEMI.
Technical analysis and key risks
The price is currently hovering near the critical support level at $0.035 (a major Fibonacci level). While the long-term trend remains bearish, technical indicators provide a glimmer of hope: oversold Relative Strength Index readings and a short-term bullish MACD crossover indicate the possibility of a comfortable uptick. Traders are closely monitoring the $0.035 support level for a potential rebound. Resistance was noted at the 7-day SMA at $0.0485.
Risk factors: The main concern is potential selling pressure from future unlocks, with over 84% of the total supply of 10 billion locked. Furthermore, the high concentration of holders (large holders control >53% of the supply) and the prevailing bearish sentiment in the market pose risks to stability.
#HEMI HEMI
HEMI is currently trading at around $0.0353 with a market cap of $34.5 million. The token is receiving significant attention, as evidenced by the high trading volume over 24 hours of $68.47 million, indicating substantial short-term volatility (volume/MC ratio of about 2.0). This comes after a 30-day decline of more than 53%, driven by profit-taking and pressures from the broader altcoin market.
The fundamental value and ecosystem growth
The fundamental proposition of HEMI lies in the structure of the 'digital finality', which leverages the Proof-of-Proof (PoP) mechanism to anchor EVM programmability to Bitcoin's robust security. The ecosystem momentum is strong, as highlighted by the mainnet launch that quickly attracted over $440 million in TVL, major DeFi partnerships, and its integration into major exchanges like Binance.
The introduction of the new economic model HIPPO-2 aims to counteract future supply inflation through a fee-burning mechanism and incentivize long-term commitment through participation in veHEMI.
Technical analysis and key risks
The price is currently hovering near the critical support level at $0.035 (a major Fibonacci level). While the long-term trend remains bearish, technical indicators provide a glimmer of hope: oversold Relative Strength Index readings and a short-term bullish MACD crossover indicate the possibility of a comfortable uptick. Traders are closely monitoring the $0.035 support level for a potential rebound. Resistance was noted at the 7-day SMA at $0.0485.
Risk factors: The main concern is potential selling pressure from future unlocks, with over 84% of the total supply of 10 billion locked. Furthermore, the high concentration of holders (large holders control >53% of the supply) and the prevailing bearish sentiment in the market pose risks to stability.
#HEMI HEMI
