$HEMI
Hemi (HEMI) — Latest Analysis
1. Current Price & Market Status
Price: HEMI is trading around $0.02150 USD, according to CoinGecko. CoinGecko
Market Cap & Supply: Its circulating supply is ~977.5 million tokens, with a market cap of about $18–35 million depending on source. CoinMarketCap+2CoinMarketCap
All-Time High: The token peaked close to $0.19, which means it’s now trading 80–90% below that high. CoinMarketCap
2. What Is Hemi? — Project Fundamentals
Purpose: Hemi aims to bridge Bitcoin and Ethereum in a seamless way. Hemi
Key Features:
hVM (Hemi Virtual Machine): An Ethereum-style VM that is aware of Bitcoin’s blockchain state, enabling smart contracts to interact with Bitcoin data. Hemi
hBK (Hemi Bitcoin Kit): Tools to move Bitcoin-based assets securely and interact with Bitcoin’s state. Hemi
Proof-of-Proof Consensus: Designed to provide Bitcoin-level security to the Hemi network. Hemi
Tunnels: Secure cross-chain bridges between Bitcoin and Hemi/Ethereum. Hemi
Token Utility:
Used for governance of the Hemi protocol. Hemi Token
Used to pay for transaction fees on the network. Hemi Token
Staking: HEMI tokens can be locked (veHEMI) to participate in ecosystem decisions. Hemi Token
Incentives: Used for liquidity provisioning and securing the network. Hemi Token
3. Recent Price Action & Technicals
Bullish History: HEMI had an explosive rally (almost +500%) after its token generation event, but has since corrected. CCN.com
Support: Technical analysis suggests a strong support level around $0.081, based on moving averages. CCN.com
Volume Momentum: During its run, trading volume surged dramatically (from ~$20 M to ~$893 M), which indicates high liquidity and investor interest. CCN.com
Prediction Scenarios:
According to CoinLore, short-term sentiment remains bearish, but the RSI is very low (~18), indicating oversold conditions.
On a longer-term horizon, some forecasts see potential for HEMI to rise toward $0.2487 by end of 2025.
