Hachiko, an Ethereum-based meme coin inspired by Hachiko in The Tokyo Asahi Shimbun, shows gradual upward movements in the chart. This natural progression without any virality and media marketing is considered by many crypto experts as a good sign for a bull run.
The huge 420.69 billion token supply and the significantly lower market cap never allowed a single token from Hachiko to achieve a decent price. The historical data on the charts shows that until August the token continued its downward movement from its peak of the first days. However, things are different now.
In September 2024, the sign showed slight upward movements. The trading scale continued to rise, and the last 30 days saw a 54.29% increase in its price. What led to this increase? This article will be a comprehensive guide to the price movements of HACHIKO tokens. We will analyze the current market conditions to predict its long-term price, up to 2030.
What is Hachiko?
The name Hachiko is made popular by an Akita Inu dog’s true story where he waited for years in a railway station for the return of his master. He visited the station every day until his death. The story first appeared in The Tokyo Asahi Shimbun (now The Asahi Shimbun) and it generated huge worldwide attention.
After the advent of blockchain technology and the meme coin craze, several crypto enthusiasts have developed tokens in the name of Hachiko, and this particular token is one of the recent additions to this. The token, which was released to the blockchain in June 2024, is now looking for more and more investors to gain a mainstream presence.
The $HACHIKO token: use cases, on-chain data, tokenomics, and more
As a meme coin based on this popular Akita Inu, HACHIKO has a growing fan base throughout the internet web3 communities. However, the competitive nature of the meme coin market and the enormous energy required for marketing has led to slow growth. Let’s get into the token’s details.
Basic details of Hachiko Token
Hachiko Token Use Cases
We all know that meme coins have no specific use cases other than creating a fun atmosphere around their community. Hachiko is traveling through a similar path and it has yet to receive major recognition. Currently, the token’s community offers Hachiko fans and passionate web3 traders to engage with the token. They can buy it through DEX like UniSwap and HODL it for potential future profits.
Hachiko Token Allocation Details
Hachiko meme coin’s website is facing several issues and the official details about the token allocation are nowhere to be found. There is no white paper and no blogs or documents to refer to. Anyway, the on-chain data shows that a wallet bought this token from UniSwap and the current allocation has reached around 11%. We’re not sure if it’s a wallet or a wallet owned by a whale.
Price Forecasting: Insights from Hachiko’s Historical Data
When the token was released to the public in June 2024, it attracted numerous buyers and peaked at $0.000005161 on June 26. But after the initial push, the sign went into a downward spiral.
Hachiko reached its all-time low on August 8, 2024 at a price of $0.00000005947 per token. Then it started a revival and has now reached $0.000000116, a 95.05% increase from its lowest price.
Hachiko in 2024: Short-term price forecast
We still have two months to go for this year, and if Hachiko continues its upward trend at this pace, we can expect another 50% rise by November. The same can be achieved in December, and at the end of this year we can see a 100% increase in the price.
If Hachiko is unable to maintain this steady movement, it will fall back into the trap we saw in July and August. In general, meme coins thrive when creative marketing and great community support match them. So, the Hachiko community must work towards achieving a 100% increase in 2024.
Hachiko Long Term Price Forecast: 2025, 2026, 2027, 2028, 2029, 2030
Let’s be optimistic and see what happens if Hachiko continues the current uptrend at this speed. We expect around a 100% increase in 2024 and hope that this will continue through the coming years. Here are the predicted values:
2025: $0.000000464 2026: $0.000000928 2027: $0.000001856 2028: $0.000003712 2029: $0.000007424 2030: $0.001.
Since the market is so volatile, especially the meme coin niche, we can definitely see big price swings. Thus, the above optimistic forecasts may change according to uncertainties. The on-chain analysis led to a long-term upward trend forecast, but the market sentiment is exactly the opposite. The developers and the community should organize several campaigns and try to find a place for the sign in the media and the web3 discussions.
How to buy Hachiko Tokens?
It is not yet listed in any prominent centralized exchanges. The only place where one can buy this coin is UniSwap DEX. Traders can exchange their Ether to receive HACHIKO. Here is the process:
Visit UniSwap V2 and connect your Ethereum ERC-20 wallet. Convert your ETH to WETH (Wrapped Ethereum). In the space to select the token to buy, search for the Hachiko token or paste the contract address provided above. Select WETH in the next space, create a HACHIKO/WETH pair and tap “Swap”. Authorize your wallet by signing and paying the gas fee. You will receive the tokens within 10 minutes.
Final Thoughts: Is Hachiko a Good Investment Option?
Hachiko is a good meme token to buy if you plan to diversify your portfolio by buying a variety of coins. After a dip, it grows slowly, indicating that it is the right time to buy.
However, the lack of community support and the poor management by the developers can negate its growth. So invest with caution. If you are looking for serious coins to own long term, there are several other coins with strong community support and a decent market cap. You can opt out of this.
Finally, our price forecast is based on the overall data surrounding the coin, including the tokenomics, the chart’s behavior and the market sentiment. Variations can occur, and the better solution is to do your research to decide whether you should invest in it or not.
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Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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