HUNT token price prediction: Strong 2022 performance for HUNT
HUNT has enjoyed numerous strong runs this year, although some forecasters remain bearish
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What is HUNT?
The HUNT Network is a Korea-based cryptocurrency ecosystem comprising a range of decentralised applications (DApps) targeted at the mobile workforce. In HUNT’s words, the enterprise is “empowering digital nomads”.
The ERC20 HUNT token underpins HUNT Network’s DApps, being used at the native currency and utility token within each project. Active DApps incorporating the HUNT token include a task marketplace, a lock-up smart contract, NFT marketplace, and video-sharing platform.
The senior team at HUNT Network includes co-founder and developer DongHyeok Kim; co-founder and designer YoungHwi Cho; and full-stack developer SungWoo Park. Below, we look into the HUNT price prediction and the details of the project. What is HUNT? Let’s find out.
Overview of active DApps
Steemhunt: A Steem-based ranking community for new products by tech early-adopters who can get crypto rewards for sharing ideas and competing on a daily basis.
Nomadtask: An Ethereum-based on-demand task marketplace for social media marketing, surveys and other online tasks
LOL Hunt: A Blockstack-based platform for sharing amusing YouTube clips
Neverlose.money: A lock-up smart contract protocol on Ethereum
Mint Club: A BNB Chain-based, code-free token launcher
Dixel Club: An NFT marketplace on BNB Chain
While the set of DApps using HUNT token is quite limited, HUNT hopes to expand its range going forward. As with most platforms of this type, long-term success of the project will rely on significant third-party interest and token adoption.
HUNT tokenomics
As a deflationary cryptocurrency, HUNT initially started with a circulating volume of 500 million tokens. Every quarter, all fee-based revenues (10%) made on non-HUNT transactions are burned. Since Q1 2020, a total of 300,984,273 tokens have been burned, resulting in a current circulating supply of 199,015,727. The most recent Q1 2022 burn was worth $30,728.
HUNT’s initial circulation from its Q1 2019 genesis was as follows:
Ecosystem and community building airdrops – 250 million (50%)
Reserve for future business development – 100 million (20%)
Team members (two-year vesting period) – 50 million (10%)
Early-stage investors – 100 million (20%)
HUNT has a market capitalisation of $51.08m as of 28 June 2022 11:20 BST (UTC +1). A 24-hour trading volume of $74.36m was 145% over the market capitalisation. The token is supported by the Huobi Global, Poloniex and MEXC centralised exchanges, and the Uniswap decentralised exchange.
HUNT price action
At the time of writing, HUNT was enjoying a bullish cycle. Between 14 June and 28 June, the coin climbed 49% from $0.31 to $0.46. In fact, HUNT has enjoyed numerous bull runs in an otherwise bearish year for the cryptocurrency market. From 22 January to 3 April, HUNT rose 154% from $0.50 to $1.27.
On a year-on-year basis, HUNT is up 175%, although the token is down 63% from the 90-day high observed on 3 April.
HUNT price prediction
PricePrediction expects conservative results in the short term for HUNT. The forecaster’s 2022 HUNT coin price prediction of $0.52 represents gains of 13%. Looking further ahead, the forecaster’s 2025 target rises to $1.54, followed by a target of $9.22 for its HUNT price prediction for 2030. These targets represent respective gains of 234% and 1,904% against today’s trading price.
DigitalCoinPrice’s 2022 target is $0.60, followed by a HUNT price prediction for 2025 of $0.85. By 2030, HUNT token could net 360% returns by achieving a price of $2.12.
A bearish HUNT price prediction is given by WalletInvestor. The forecaster expects the token to trade slightly higher at $0.54 in December 2022, before dropping to $0.175 by December 2025, representing a price reduction of 62%.
The HUNT price prediction for 2022 at CaptainAltcoin.com is bearish. According to the forecaster, it could drop by 1.4% come December, although 2023 targets are more positive, estimating a 42.5% rebound by June of that year.
Although the above HUNT token price predictions may be useful as a guide, they do not constitute financial advice and should not be the sole factor in making a financial investment. Make sure to thoroughly assess the project to determine its long-term potential. No information in this article is presented as financial advice.
FAQs
The HUNT Network is a Korea-based cryptocurrency ecosystem comprising a range of decentralised applications (DApps) targeted at the mobile workforce. HUNT is the native ERC20 token used for digital payments and DApp functions.
There is a mixed sentiment among the HUNT token price predictions. Some forecasters see the token dropping in value while others have a more bullish outlook. Make sure to conduct your own research before investing, as these HUNT token price predictions are speculative and do not constitute financial advice.
HUNT is a fully diluted, deflationary cryptocurrency with a circulating volume of 199,015,727. Monthly burns constantly reduce this supply.
The forecasters have a mixed sentiment, and the HUNT token could go either way. Success of the token could be contingent on third-party developer interest in the project. Make sure to do your own research and never invest with more than you can afford to lose.
