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About HOP

Hop is a multichain bridge connecting Ethereum with Layer-2 networks. Using Hop, users can send tokens almost instantly across networks instead of having to wait multiple days.There are two core pieces to the Hop protocol architecture that make this possible.A cross-network Hop bridge token that can be quickly and economically moved between L2's or claimed on layer-1 for its underlying asset.Automated Market Makers to swap between each Hop bridge token and its corresponding Canonical Token on each rollup in order to dynamically price liquidity and incentivize the rebalancing of liquidity across the network.

Hop Protocol (HOP) is a cryptocurrency launched in 2022. HOP has a current supply of 1.00Bn with 0 in circulation. The last known price of HOP is 0.022331505404 USD and is -0.002196752061 over the last 24 hours. It is currently trading on active market(s) with $87,896.44 traded over the last 24 hours. More information can be found at https://hop.exchange/.

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HOP Price Statistics
HOP’s Price Today
24h Price Change
-$0.0021967520618.96%
24h Volume
$87,896.4410.42%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#10286
HOP Market Cap
Market Cap
$0
Fully Diluted Market Cap
$22.33M
HOP Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
HOP Supply
Circulating Supply
0
Total Supply
1.00Bn
Max Supply
1.00Bn
Updated Dec 09, 2024 1:17 pm
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HOP
Hop Protocol
$0.022331505404
$0.002196752061(-8.96%)
Mkt Cap $0
There's nothing here for now
Bitcoin's Path To $100,000 Faces Challenges Amid Long-Term Holder Sell-Off
Bitcoin's Path To $100,000 Faces Challenges Amid Long-Term Holder Sell-Off
According to Cointelegraph, Bitcoin's recent surge toward the $100,000 mark has been accompanied by significant sell-offs from long-term holders. Analysts suggest this could indicate a potential market peak, which might lead to bearish trends if demand decreases. Maartuun, a contributor to CryptoQuant, likened the situation to a game of musical chairs, advising caution as the market dynamics shift. Since November 8, long-term holders, defined as those who have held Bitcoin for at least 155 days, have sold approximately 827,783 BTC, valued at around $82.59 billion at the current price of $99,200. Maartuun pointed out that while significant purchases have been made, such as the 149,800 BTC acquired by MicroStrategy and the 84,193 BTC inflows into spot Bitcoin ETFs, these only account for about 30% of the total sold by long-term holders. Despite this sell pressure, Bitcoin's strength persists, partly due to retail demand reaching yearly highs, as indicated by CryptoQuant's retail demand 30-day change chart. Retail investors are also actively participating in futures trading. Data from CoinGlass shows that Bitcoin's Open Interest, which tracks the total number of unsettled Bitcoin derivative contracts, stands at $61.18 billion. Maartuun noted that long-term Bitcoin holders are sitting on substantial unrealized profits, with the Long Term Holder realized price at $24,481, representing an average gain of approximately 400% for these holders. At the time of writing, Bitcoin's price is $99,203, according to CoinMarketCap. On December 6, Jamie Coutts, chief crypto analyst at Real Vision, commented on the liquidity conditions using his Bitcoin MSI macro model. He warned that despite Bitcoin reaching new all-time highs, the deteriorating liquidity backdrop could pose challenges. Coutts believes that if conditions worsen, the current rally, although euphoric, may be short-lived. Readers are reminded that this article does not provide investment advice, and all trading decisions should be made with careful consideration of the risks involved.
Dec 09, 2024 1:13 pm

Frequently Asked Questions

  • What is the all-time high price of Hop Protocol (HOP)?

    The all-time high of HOP was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Hop Protocol (HOP) is 0. The current price of HOP is down 0% from its all-time high.

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  • How much Hop Protocol (HOP) is there in circulation?

    As of , there is currently 0 HOP in circulation. HOP has a maximum supply of 1.00Bn.

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  • What is the market cap of Hop Protocol (HOP)?

    The current market cap of HOP is 0. It is calculated by multiplying the current supply of HOP by its real-time market price of 0.022331505404.

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  • What is the all-time low price of Hop Protocol (HOP)?

    The all-time low of HOP was 0 , from which the coin is now up 0%. The all-time low price of Hop Protocol (HOP) is 0. The current price of HOP is up 0% from its all-time low.

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  • Is Hop Protocol (HOP) a good investment?

    Hop Protocol (HOP) has a market capitalization of $0 and is ranked #10286 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Hop Protocol (HOP) price trends and patterns to find the best time to purchase HOP.

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