Moving forward, we’ll dive straight into our full HAKA coin analysis. After all, since the project has been around for more than two years, many of you already know what it is all about. But you probably wish to take a closer look at the HAKA coin price action to determine whether or not it might be a good buy. So, using the basics of technical analysis (TA), we’ll explore where the HAKA token has been and where it’s currently at. Then, we’ll also offer some HAKA coin price prediction speculations, which we’ll also include in our forecast for the TribeOne coin.
However, since not all of you know this crypto project, we’ll also add several sections going over the basics. This is where you’ll have a chance to get acquainted with the TribeOne crypto project and the HAKA crypto token.
That said, if you are already familiar with these aspects, you’ll probably want to skip that part and jump straight to the “Should You Buy $HAKA?” section. This is where you’ll learn how Moralis Money can help you determine if and when to buy the HAKA crypto asset.
Full TribeOne (HAKA) Coin Analysis
We will cover the properties of the HAKA crypto token (tokenomics, utility, etc.) later on, but now, we will instead focus on the asset’s price action. Just by glancing at the above image, which includes the HAKA coin’s line price chart, you can see that the asset has been through a lot.
However, let’s use a weekly candlestick chart to make more sense of the TribeOne coin’s price data.
HAKA Technical Analysis
The above weekly chart puts the current HAKA token price levels into proper perspective. After all, at the time of writing, the coin’s price ranges near the asset’s lowest levels. But let’s look at how $HAKA reached this point.
The asset started to trade in late June 2021 at $0.088-ish. The first six weeks following the token’s listing weren’t all that bright for $HAKA. After all, the crypto’s price reached as low as $0.03-ish in late July of 2021.
However, you probably remember that, at that time, Bitcoin and most of the crypto markets started a final rally of the cycle. And the HAKA token was part of that run that lasted until late November 2021. This is when $HAKA marked its all-time high (ATH) value at $0.5-ish.
Of course, the path from the aforementioned low to ATH wasn’t a straight line – there was even a 55% pullback along the way. However, the token increased by more than 16x in less than four months. And while that increase is quite decent, compared to altcoins’ average of 50-70x, it is not that impressive either.
Following the asset’s highest price, its value decreased sharply. It was brought down by the rest of the market’s downturn. Even the HAKA token’s bottom neatly corresponds to Bitcoin’s bottom in November 2022.
At that time, the HAKA coin’s price dipped below $0.0068, and most of the daily candles closed just above that level. As such, $0.0068 is the asset’s lowest significant support.
Speaking of support, make sure to check out HAKA’s daily logarithmic chart below. It outlines all the major levels of support and resistance (horizontal blue line). In this chart, you can also see two downward trendlines (sloping blue lines) and a bullish divergence (yellow lines).
HAKA Crypto Price Prediction
The above chart will play an important role in our HAKA coin price prediction. However, before we express that prediction, let’s trace the rest of the asset’s price action.
Following its lowest point in November 2022, the token managed to break out of its downtrend on January 9, 2023. In fact, from early January to early February 2023, $HAKA pulled off a 400%-plus rally. However, it got rejected at the $0.03-ish region and took another downturn towards the $0.0068-ish level.
At the time of writing, the asset is sitting at $0.0072-ish, so it’s bouncing on top of its lowest support. Though, it’s worth pointing out that, in mid-June, the price and RSI printed a bullish divergence. The latter pushed the asset value out of the downward trend but was rejected at $0.009-ish. Still, RSI remains above the oversold, which shows some strength.
As such, if the rest of the crypto market manages to push upward, the HAKA coin price prediction will be all about the above-outlined levels of significance. All these prices are very likely to come into play in the upcoming bull market.
However, if the HAKA crypto coin manages to break above its current ATH level, then it will enter discovery mode. In that case, we can use the Fibonacci retracement tool to get some HAKA coin price prediction levels.
So, using that tool, we get the following – slightly more optimistic – long-term HAKA coin price prediction speculations:
- $0.866-ish (based on the “1.618” extension)
- $1.398-ish (based on the “2.618” extension)
- $1.929-ish (based on the “3.618” extension)
- $2.257-ish (based on the “4.236” extension)
HAKA Coin Future Forecast in the Years to Come
It’s important to remember that things happen fast in crypto. Cryptocurrencies can make massive moves in a short time span. Of course, these moves can be in both directions.
With that in mind, it is really hard to make any accurate long-term forecasts. Instead, these are all pure speculations.
However, based on our experience with the crypto markets, we expect the current bear market to end soon. Consequently, our expectations for the future of altcoins evolve around the bull market thesis. As such, we expect Bitcoin, and especially altcoins, to increase in value over the upcoming two years.
Of course, not all alts will do great; however, those with active teams have a great chance of increasing.
Since the TribeOne coin has a relatively low market cap, it has a lot of room for potential growth. So, if the asset were to pick up some serious traction, the next bull run could take the $HAKA price even higher than the above-presented HAKA coin price prediction levels.
Exploring the TribeOne Crypto Project and HAKA Coin
The following two sections and their subsections are here for those of you not yet familiar with the HAKA crypto project. This is where you can learn the gist of TribeOne and its native cryptocurrency: the TribeOne coin.
In case your primary interest revolves around trading alts and if you can make profits from $HAKA, feel free to jump to the “Thoughts on the HAKA Crypto – Should You Buy $HAKA?” section. This is where you will learn how to answer that question with confidence, thanks to the power of Moralis Money.
What is TribeOne?
TribeOne is a DeFi and NFT funding platform that aims to create an industry-leading NFT-lending experience. The project already offers an instant NFT-lending dapp, which enables users to make use of a loan to purchase NFTs with a 25% down payment and zero collateral.
According to TribeOne’s docs, the project aims to become a platform that breaks barriers in the traditional financial ecosystem. Their aim is to give the TribeOne community and other crypto users a platform that lets them lend, borrow, and invest in crypto assets, particularly NFTs.
Fundamentals
The fundamentals of the TribeOne crypto project lie in bringing NFTs to the forefront of DeFi. At the time of writing, the project’s main goals are to offer customized NFT lending options that allow users to purchase their favorite NFTs. Plus, to empower TribeOne users to earn passive income by renting out Decentraland NFTs.
The project also aims to launch the first social media NFT marketplace and Axie arena. The former will be an all-in-one NFT marketplace for collectors and artists, while the latter will be a platform where players borrow and play axies (from Axie Infinity) to battle, breed, and earn.
Note: If you wish to dive deeper into the ins and outs of TribeOne, make sure to check out the project’s GitBook docs.
Community
Unless you are just entering the crypto sphere, you most likely already know how important strong communities are. As such, every crypto project aims to create a vibrant and loyal group of supporters. Moreover, TribeOne is no exception. If nothing else, the project even has “tribe” in its name.
There are several outlets you can use if you wish to join TribeOne’s community. For instance, you can simply follow the project’s official X (formerly Twitter) account:
To see all available options to join the HAKA crypto tribe, scroll down the project’s official website until you see the “Join the TRIBE” section:
It’s also worth pointing out that TribeOne has an emerging DAO, where folks can join to gain governance power. You can find more details about that option in the project’s docs.
What is the HAKA Cryptocurrency?
The HAKA cryptocurrency is TribeOne’s native token with multiple use cases (see below). The token was created back in June 2021 on the Ethereum blockchain as well as on the BNB Chain network. Furthermore, TribeOne’s documentation describes $HAKA as a purely deflationary token model with sustainable grounds on the current NFT and DeFi space.
Tokenomics of the HAKA Token
The following list covers HAKA’s tokenomics:
- Name: TribeOne
- Symbol/ticker: HAKA or $HAKA
- Networks: Ethereum and BNB Chain
- Tokens smart contract addresses:
- 0xD85AD783cc94bd04196a13DC042A3054a9B52210 (ETH)
- 0xD85AD783cc94bd04196a13DC042A3054a9B52210 (BNB)
- Token type: ERC-20 and BEP-20
- Initial circulating supply: 3.22%
- Total token supply: 188,370,288
- Initial token allocations:
Use Cases
The HAKA token has multiple use cases. The following list covers all major aspects of the token’s utility. However, from a broader perspective, they can all be assigned to platform rewards and TribeOne governance.
Here are the details of HAKA use cases and benefits:
- Depositors of cryptocurrencies in TribeOne receive $HAKA (lot allocation on NFT financing).
- HAKA holders get exclusive access to NFT launches with TribeOne’s partner marketplaces.
- Those holding $HAKA get additional discounts on loans.
- Users that offer collateral in $HAKA receive preferential rates as a reward.
- HAKA holders receive quicker access from low to zero-collateralized loans.
- $HAKA is rewarded to users who settle their low or zero-collateralized loans early.
- Rights to TribeOne’s P2P claims assessment and governance rights.
- Those participating in risk assessment and governance are incentivized by $HAKA.
- By holding $HAKA, users get to build up their TribeOne reputation.
What Type of Token is the HAKA Coin?
Judging by its use cases, $HAKA is a platform utility token, a rewards token, and a governance token. However, from the technical perspective, the asset is a fungible token that follows the ERC-20 standard on Ethereum and the BEP-20 standard on BNB Chain. That translates to saying that HAKA is an ERC-20/BEP-20 token.
Thoughts on the HAKA Crypto – Should You Buy $HAKA?
In our opinion, HAKA has a decent upside potential. However, the asset’s tokenomics, particularly the initial distribution, are far from great. Even now, a lot of $HAKA sits in a single wallet. So, should you buy HAKA?
Well, since we are not financial advisors, we can’t answer that question. Plus, only you know your financial situation and risk tolerance well enough to make that call.
However, if, based on the above section, you find $HAKA interesting, you ought to research the token further. There’s no better place to do that than on the Moralis Money TribeOne ($HAKA) token page. This is where you can find all the tools and resources that will help you determine whether or not you should buy this crypto.
Note: Due to HAKA’s transition to v3 liquidity, the price charts for the HAKA markets on DEXs only show data from July 18, 2023, onward.
If, after properly researching the TribeOne coin, you want to get a bag of $HAKA, do not rush into buying it. Instead, make sure to stop for a moment and take a closer look at the token’s alpha metrics.
These are the real-time, on-chain metrics that Moralis Money offers. These insights enable you to determine whether now’s the right time to buy the asset or not. After all, the on-chain momentum always precedes price action. And, when buying, you want to see increasing on-chain traction.
With that in mind, follow the above link to that page, or use the interactive widget below. Either path allows you to determine whether you should buy $HAKA or not with confidence.
Where and How to Buy HAKA Safely?
There are some CEXs that offer HAKA. However, if you believe in owning your crypto, you’ll want to buy the token via a reputable DEX. Fortunately, you can use Uniswap to buy $HAKA on Ethereum and PancakeSwap to buy $HAKA or BNB Chain.
That said, you should take the path of the least resistance that awaits you right on Moralis Money’s $HAKA page. In the top-right portion of the page, you can find the instant crypto swap feature. Aside from being right where you are already performing your research, it also provides a secure way and is one of the cheapest ways to buy crypto. As such, it’s the best place to buy the HAKA token.
Note: In case you don’t know how to swap on the Ethereum network yet, we recommend you check out our step-by-step guide on how to swap ERC-20 tokens.
Find Similar Coins Using Moralis Money
Before you move on from today’s article, we want to remind you of the fact that there are countless altcoin opportunities out there. After all, there are already thousands of tokens live, with new ones entering the scene daily. So, make sure not to get hung up on $HAKA.
Fortunately for you, you can find the best altcoin opportunities at any time with Moralis Money’s core feature: Token Explorer. The latter allows you to run preset or unique strategies to spot alts with potential based on their real-time, on-chain metrics.
Let’s say that TribeOne has good alpha metrics when you explore its token page. In that case, you can use those metrics as your search parameters with Token Explorer. By doing so, you’ll find similar coins with ease.
So, use the following animations to get acquainted with Token Explorer today:
- This is how you run preset filters to scan the crypto market:
- This is how you run unique strategies:
You can start playing around with Token Explorer by visiting this tool’s page or simply using the interactive widget at the bottom of the article. Yes, you can get going for free!
However, if you are serious about your altcoin investing, you’ll want to access lower timeframes. For that, you need to sign up for the Starter and Pro plan.
Nonetheless, do not forget that you are not limited to Ethereum when using this ultimate on-chain analysis tool. With two clicks, you can switch to any of the leading EVM-compatible networks (BNB Chain, Polygon, Arbitrum, etc.).
TribeOne Coin Analysis and HAKA Crypto Price Prediction – Key Takeaways
- The HAKA coin has been around since the Summer of 2021, and the asset’s price has been through a lot since then.
- After reaching $0.5-ish in November 2022, the asset has touched the $0.0068-ish support many times.
- At the time of writing, $HAKA is near its lowest point, trading around $0.0072-ish.
- If the project gains proper momentum, its price could swell to the asset’s ATH and beyond.
- The most optimistic HAKA coin price prediction based on the Fibonacci retracement tool points to $2.257-ish.
- The TribeOne project is primarily focusing on NFT lending.
- To determine whether or not you should buy $HAKA, use Moralis Money’s token page dedicated to that asset. Don’t forget to use alpha metrics to time your trades more effectively.
- Explore other altcoin opportunities with Moralis Money’s core feature: Token Explorer.
