1. #HSK Policy big gift has come!
Hong Kong license upgrade! Guotai Junan International just obtained the upgraded license from the Hong Kong Securities and Futures Commission, allowing virtual asset trading! This indicates that Hong Kong's commitment to compliant virtual assets is certain! Large institutions are entering the market, and market confidence is booming!
(Stablecoin regulations) Effective in August! Hong Kong's compliant ecosystem is becoming more and more complete, providing a strong boost for the entire industry! As a representative of the 'Hong Kong compliant system', HSK, HashKey's own child, is certainly reaping the benefits of this wave!
Guangdong-Hong Kong join forces for big things! HashKey just signed a cooperation with the Guangzhou Data Exchange (June 17) to create a 'Digital Asset Cross-Border Flow Experimental Zone' in Nansha, Guangzhou. Imagine, in the future, HSK might be used in Guangdong-Hong Kong cross-border data transactions? This application scenario has opened up huge possibilities!
2. HSK is making its own efforts, and the ecosystem has taken off!
Strong support from the biological father HashKey! Their business map is huge: global compliant exchanges (HashKey Exchange, HashKey Global), investment, asset management, tokenization... all steadily developing. Especially HashKey Global, where daily trading volume reached a peak of 250 million dollars! The more vibrant the ecosystem, the more useful HSK becomes.
HSK is very useful! In the HashKey ecosystem, HSK can discount transaction fees, custody fees, and access research reports... Demand is skyrocketing, how could the price not follow suit?
Key killer move: burning money (burning coins)! HashKey promises to use 20% of the net profit from part of its platform business to repurchase and destroy HSK! The more profitable the business, the more HSK is burned, and the fewer coins are left on the market. Yesterday, thinking 'this coin will be more scarce in the future!', the buying pressure exploded!
3. Good overall environment + technical followers!
The bull market is back! Recently, Bitcoin has taken the lead in hitting new highs, and the entire crypto market is showing signs of warming up. Money is flowing in, and everyone's confidence is growing. HSK, with its unique concept of being the 'world's first compliant ecological coin', has instantly become a hot commodity, and funds will rush to buy!
The technical chart is beautiful! Experts looking at the chart noticed that HSK previously built a 'W bottom' around 0.4, and yesterday it broke through the downtrend line with a surge in volume! Technicians saw this as: 'Wow?, take-off signal! Charge!' The buying pressure kept increasing, and the price was directly pushed up!
Summary: Policy tailwind + self-ecosystem efforts (especially the expectation of burning) + bull market funds + technological breakthroughs, Buff is full! The surge of HSK this time is a result of the timing, geographical advantage, and human factors! However, speaking of which, such a big increase in one day means the volatility is really high, requiring a strong heart! How it will proceed later still depends on whether these positive factors can continue to materialize.
