HATHOR (HTR) Coin Overview and Weekly Technical Review
This article centers around a thorough assessment of HTR coin's technical and fundamental attributes using data obtained from www.coinmarketcap.com . Our report aims to address vital inquiries regarding the projects associated with the cryptocurrency ; determining significant factors affecting its market value ; reviewing which are reliable exchanges for trading it
This article centers around a thorough assessment of HTR coin’s technical and fundamental attributes using data obtained from www.coinmarketcap.com . Our report aims to address vital inquiries regarding the projects associated with the cryptocurrency ; determining significant factors affecting its market value ; reviewing which are reliable exchanges for trading it ; identifying traded currency pairs ; exploring assorted key metrics that demonstrate critical aspects of performance such as highest low price values attained among other essential economic indicators. We will also provide regular weekly graphical or technical analyses aimed at assisting potential investors evaluate feasible investment risks areas while identifying prospective profits.
What is HATHOR (HTR) Coin?
Hathor (HTR) is a blockchain platform and cryptocurrency that aims to provide a scalable , easy-to-use infrastructure for decentralized applications (dApps) . It was launched in 2020 with the goal of addressing some of the scalability issues faced by existing blockchain networks .
The Hathor Network combines aspects of both Directed Acyclic Graphs (DAG) and Blockchain technology . It utilizes a dual structure where transactions are initially processed through an unconfirmed DAG layer , which provides fast confirmation times and high throughput . The confirmed transactions are then periodically added to the main blockchain for enhanced security .
Hathor ‘s architecture allows developers to build their own dApps using familiar programming languages such as Python or JavaScript . This lowers the entry barrier for developers and promotes wider adoption of decentralized applications on the Hathor network .
In addition to its focus on scalability, Hathor also emphasizes security and decentralization. It employs a Proof-of-Work consensus algorithm called “PoW-DAG,” which helps prevent malicious attacks while maintaining network integrity .
The HTR token serves as the native cryptocurrency within the Hathor ecosystem . It can be used for various purposes such as transaction fees , staking , participating in network governance decisions, or as an incentive mechanism within dApps built on Hathor .
If you want to know more about the HATHOR(HTR) coin , you can visit its website .
https://hathor.network/
Projects:
Hathor (HTR) has several ongoing projects and initiatives aimed at further developing the Hathor ecosystem and expanding its capabilities. Here are some notable projects :
- Infrastructure Development : The Hathor team continues to focus on improving the underlying infrastructure of the network . This includes enhancing scalability , increasing transaction throughput , optimizing consensus algorithms , and ensuring robustness and security .
- Developer Tools & Documentation : Hathor aims to provide comprehensive developer tools , libraries , and documentation to make it easier for developers to build decentralized applications (dApps) on the Hathor network . These resources help foster a vibrant developer community around Hathor .
- dApp Incubator Program : To encourage innovation in the ecosystem, Hathor is planning an incubator program that will support promising dApp projects built on their platform . This initiative aims to nurture talented developers and facilitate the creation of successful decentralized applications .
- Community Building & Education : Educating users about blockchain technology , cryptocurrencies ,and promoting awareness about the potential use cases of Hathor is an important aspect of their roadmap.Community engagement through events,hackathons,tutorials,blog posts,and social media activities helps spread knowledge about HTR coin’s utilityand fosters a strong user base .
5.Network Governance Enhancements :Hathoris actively exploring ways to enhance its network governance mechanisms by introducing features such as voting systems or proposal frameworks.This allows token holders to participate in decision-making processes relatedto protocol upgrades or other significant changes withinthe ecosystem .
These projects collectively aim to strengthen the functionality,sustainability,and adoption of HTR coinwhile fostering innovation withinthe broader blockchain industry .
Factors affecting price:
The price of Hathor (HTR) coin, like any other cryptocurrency, can be influenced by various factors . Here are some key factors that may impact the price of HTR :
- Market Demand and Adoption : The overall demand for Hathor in the market plays a significant role in determining its price . Factors such as increased adoption , partnerships with businesses or platforms, and growing user base can contribute to higher demand and potentially drive up the price .
- Token Utility : The utility and use cases of HTR within the Hathor ecosystem can influence its value . If there is a strong demand for HTR tokens due to their utility in accessing network features or participating in governance decisions , it may positively impact the token’ s price .
- Investor Sentiment : Market sentiment towards cryptocurrencies as a whole can affect the price of Hathor . Positive news about blockchain technology advancements or regulatory developments may attract more investors into the space , increasing demand for HTR coins .
4.Technological Developments : Progress made by the Hathor team regarding infrastructure improvements,such as scalability enhancements,new developer tools,and security upgrades,may positively impact investor confidenceand subsequently influencethe market valueof HTR .
5.Competition & Industry Trends : The presence of competing projects offering similar functionalities,major technological advancementsinthe broader blockchain industry,and shifts in market trendsrelatedto dAppsand decentralized finance(DeFi)can indirectly affect investor interestinHathorand therebyimpactitsmarket performance .
6.Economic Factors: Broad economic conditions,suchas inflation rates,currency fluctuations,globaleconomic stability,and geopolitical events,could indirectly influencethe pricingof cryptocurrencies includingthatofHathoras theyare partofa larger financial landscape .
It is important to note that cryptocurrency markets are highly volatile and subject to sudden changes based on multiple interacting factors ; therefore,predicting specific outcomes regardingpricingis inherently challenging .
Where can I buy HATHORCoin (HTR)?
Exchange Pair Volume
HATHOR Coin (HTR) Baseline Assessment :
The market cap of the HATHOR(HTR) coin is 13.386.723 and its circulating supply is 245.830.376 units. Its maximum Supply is 869.464.480 units, with a fully diluted valuation of $ 47.346.795.
What is the high price point for HATHOR Coin (HTR)?
HATHOR(HTR) highest price is $2.48 recorded on Nov 22, 2021. The current price is -97.82% lower than the all-time high .
What is the low point of the price for HATHOR Coin (HTR)?
HATHOR(HTR) token’s lowest price was $0.04111 on Dec 22, 2022 .
HATHOR Coin (HTR) Technical Outlook:
Hathor (HTR) coin, which was $2.30 on 15 Nov 2021, dropped to $0.04076 on 19 Dec 2022. It was just a reaction as it rallied 225% from here to $0.12680. Unable to continue its rise, the HTR coin retraced back to the support level of $0.04265. With the decrease in volume in recent weeks, it has started to consolidate at these levels. The $0.08820 level, where the downtrend volume is high, is a tough resistance that needs to be crossed. In possible rises, the horizontal resistances that we have shown in our chart should be followed.
Our support is $0.04265, our sequential resistances are: $0.0990 – $0.19072 – $0.34391 – $0.81390 – $2.30
Investment information comments, and recommendations contained herein are not within the scope of investment consultancy . The content, comments, and recommendations herein are not guiding but general . These recommendations may not suit your financial situation and risk and return preferences. Therefore making an investment decision based solely on the information herein may not yield results that meet your expectations .
