NEAR Wallet HOT Coin Price Prediction and Expected Listing Date

NEAR Wallet HOT Coin Price Prediction and Expected Listing Date

As the NEAR ecosystem continues to grow, there is increasing excitement surrounding the HOT Coin. Launched as part of the NEAR Wallet mining initiative on Telegram, HOT Coin is generating significant interest due to its role in promoting the NEAR Protocol ecosystem. With almost 75% of the total supply already mined, the anticipation for its official listing has reached a fever pitch.

In this blog post, we will discuss HOT Coin’s potential listing date, price predictions, and factors that may influence its initial market value based on its total supply and potential liquidity.

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Total Supply of HOT Coin

According to the official NEAR Protocol website and verified sources like nearblocks.io, the maximum total supply of HOT Coin is 180,226,658 tokens. This fixed supply means that the value of HOT Coin will be significantly influenced by demand, liquidity, and the overall market conditions at the time of its listing.

Since the mining of HOT Coin is already 75% complete, there are strong indications that the token will be listed in Q4 of this year. The developers have emphasized that the coin will be listed once mining is completed, and with a substantial portion already mined, the final stages of this process are underway.

NEAR Wallet HOT Coin Price Prediction Based on Liquidity

When attempting to predict the initial listing price of HOT Coin, one of the most important factors is liquidity. Liquidity refers to the amount of capital available for trading HOT Coin on exchanges, and it plays a major role in determining the coin’s price at launch.

Here’s a look at potential price estimates based on varying levels of liquidity:

1. Liquidity of $2 Billion
   If the market is highly liquid, with a substantial amount of $2 billion in liquidity for trading HOT Coin, we can expect the price of HOT Coin to open on the higher end. With such strong liquidity support, a reasonable price prediction for HOT Coin could range between $10 to $15 per token. This estimate is based on the assumption that there will be high demand at launch and sufficient trading volume to support the price.
2. Liquidity of $1 Billion
   With liquidity of $1 billion, the price of HOT Coin is expected to be slightly lower but still within a robust range. A potential price point in this scenario could be around $5 to $10 per token. This liquidity level would still attract strong interest from traders and investors, ensuring that the token maintains a solid position in the market.
3. Liquidity of $500 Million
   At a liquidity level of $500 million, we would likely see a more moderate listing price for HOT Coin. In this case, a price estimate of $2 to $5 per token could be anticipated. The reduced liquidity might limit the token’s initial trading volume, but it would still provide ample opportunity for the price to rise over time.
4. Liquidity of $250 Million
   With a liquidity level of $250 million, the initial price of HOT Coin could range between $1 to $2 per token. Although this liquidity is on the lower end, it’s important to remember that the price could rise post-listing as the market adjusts to demand. Early adopters and miners would likely help create some upward pressure, pushing the price higher over time.

Factors Influencing HOT Coin’s Price

Several factors will influence the price of HOT Coin at the time of its listing:

1. Demand from the NEAR Ecosystem
   HOT Coin is part of the broader NEAR ecosystem, which has already seen successful launches of other tokens like NEAR and UWON. Given that NEAR is already listed on Binance and has strong backing, HOT Coin is expected to draw significant attention from both the NEAR community and the wider crypto market.
2. Completion of Mining
   As mentioned earlier, HOT Coin will be listed once all the tokens are mined. With 75% already mined and the remaining supply expected to be completed soon, the listing is projected to occur in Q4 of this year. As we approach this milestone, anticipation is growing, and demand for the token is expected to increase, potentially driving up its price.
3. Market Sentiment
   Market conditions at the time of HOT Coin’s listing will play a key role in determining its price. If the broader crypto market is bullish, we could see higher demand for new tokens like HOT Coin. However, if the market is experiencing a downturn, the initial price might be more subdued.
4. Liquidity and Exchange Listings
   The liquidity available for HOT Coin and the exchanges it gets listed on will also affect its price. A listing on major exchanges like Binance or Coinbase would provide strong liquidity and demand, driving up the price. On the other hand, if HOT Coin is initially listed on smaller exchanges with lower trading volumes, the price might start on the lower side.

NEAR Wallet HOT Coin Expected Listing Date

While there is no official confirmation of a specific date, HOT Coin is expected to be listed in Q4 of this year, as nearly 75% of the total supply has already been mined. The developers have indicated that the token will be listed once the entire supply is mined, and with mining progressing rapidly, the listing is likely to occur in the coming months.

Keep an eye on official channels for announcements regarding the exact listing date, as well as updates on which exchanges will support HOT Coin trading.

Conclusion

The listing of HOT Coin is shaping up to be an exciting event for the NEAR ecosystem and the broader crypto market. With a maximum total supply of 180,226,658 tokens and nearly 75% of that already mined, the listing is expected to occur in Q4 of this year. Based on different levels of liquidity, the initial price of HOT Coin could range anywhere from $1 to $15 per token.

As the mining process nears completion, the anticipation for HOT Coin’s debut continues to grow. Whether you’re already mining HOT or considering investing once it lists, this token presents a promising opportunity within the expanding NEAR ecosystem. Stay tuned for further updates on the official listing date and trading platforms