The recent surge of $HOOK is mainly related to a few factors:
The Wild Cash app, which allows users to earn money by answering questions, has indeed become popular, with monthly active users exceeding 2 million, indicating that their 'learn to earn' model has found a market. The project team is quite clever, promoting digital identities and simple wallets, clearly paving the way for Web3 newcomers.
The token mechanism is also smartly designed:
In the game, using HOOK to buy items directly reduces circulation, and staking HOOK can earn rewards, leading some individuals to choose to lock their holdings instead of selling.
Additionally, the current market loves to speculate on concepts like 'play-to-earn'; with HOOK being a low market cap coin, even a small amount of funding can push it up.
A cold splash of water:
The price is still falling, and it must break through the 0.12 barrier to truly gain strength. If Bitcoin fluctuates and falls, such small coins will definitely drop harder.
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