Hexydog is a new utility token that has arrived on the market as a presale. Featuring Doge-based memes while also presenting a use case focused on blockchain-based pet care, the project has raised upwards of $440K to date.
With its marketing material highlighting multiple future-centric attributes, such as a unique global donation model and multi-chain support, does Hexydog have what it takes to become a desirable cryptocurrency investment?
What is Hexydog?
According to the official white paper, Hexydog (ticker symbol HEXY) is a utility-driven cryptocurrency project with the goal of integrating blockchain innovation with pet care. The primary goal of this project, according to the website, is to leverage decentralized finance technology for pet-related services and donations.
Hexydog is said to enable crypto payments at pet stores and facilitate blockchain-verified contributions to non-profit organizations focused on pet care.
The main token of the project, HEXY, reportedly features multiple use cases.
Staking is the first use case mentioned, with holders gaining the passive income advantage while providing long-term sustainability to the project. Much of the white paper is dedicated to staking, which reveals that the rewards will be distributed from the 25 percent allocation reserved for this purpose.
Then, there is an ambassador program, which will allow its meme coin community to coordinate local shelter support. Hexydog also promises that a percentage of the transaction fee within its ecosystem will go to support pet shelters and rescue initiatives across the globe.
Other than that, traditional use cases, including merchandise, community rewards, and a DAO are also part of its ecosystem.
Security features are also a highlight of this project, with special emphasis given to smart contract safety, liquidity lock and anti-rug measures, team KYC verification, and constant monitoring of the project.
A Look into Hexydog Tokenomics and Roadmap
Hexydog has a total supply of 20 billion, out of which 15 percent is set aside for the presale, 25 percent for staking rewards, 20 percent for marketing, 15 percent for the liquidity pool, 10 percent for community rewards, and 10 percent for the team and development.
On the face of it, this tokenomics is community-centric. Assigning only 15 percent to the presale means the developers are trying to remove last-minute sell pressure, giving late buyers also a chance to gain from this ecosystem.
Additionally, Hexydog has put what it calls “value-driving elements” such as strategic supply control mechanisms, staking, burning protocols, a transparent distribution framework, and DeFi integration to further make itself stand out.
The project’s roadmap is a four-phased affair, with focus on readying the foundation in the first phase and focusing on growth and transparency in the second. In the final two phases, the devs will reportedly focus on utility, launch, and expansion of the project.
Hexydog Price Prediction: Short and Long Term
Hexydog is a standard meme coin project with a utility rooted in social initiatives. While it talks about blockchain tech utilization, there is nothing deep provided about tech-centric perks in the official white paper, at least for now. For now, the focus, per the website, is to remove the high processing fees that offset a business’s profit margins, make transaction times better, offer more cross-border payment options, and make the donation ecosystem more transparent.
That said, even these conventional benefits could have long-term value, which is the foundation of our short- and long-term price prediction for Hexydog.
Short-Term Price Prediction
Given the current market, it is possible for this project to move up in value post-listing. The current market, even though not overtly bullish, has made people interested in unique projects. Provided that Hexydog’s current level of marketing continues till the end of its presale cycle, the HEXY price could get a 20 to 30 percent increase post-listing. It is a level of growth common with most meme coins. And as long as the project continues to keep people interested, the HEXY price may continue to grow.
However, a correction after the initial surge is also expected. The degree of that price drop, however, will depend on how weak the community strength is.
Long-Term Price Prediction
In the long term, Hexydog will have to deal with competitors as it introduces its decentralized global donation system and pet store marketplace. If the project works as advertised and it gains strategic partners from popular pet-related brands, long-term growth is possible. However, if the project veers off its original mission and does not provide the community with a workable product, the HEXY price could drop to new lows. It could potentially make the project disappear if the community isn’t there to support it.
Overall, the project has potential. However, those seeking early gains should consider diversifying their investments as well by focusing on other ICOs, such as Snorter.
Snorter – Solana-Based Trading Bot With Meme-Driven Themes
While Hexydog tries to bring the community together by focusing on the same Doge themes and altruistic ventures, Snorter is a project offering practical utility while introducing a new animal theme.
A Solana-themed trading bot, Snorter is active on Telegram, allowing users to automatically snipe cryptos — picking and buying high-potential Solana cryptos easily. It is also equipped with security tools such as honeypot protection, MEV protection, and rugpull protection.
The bot will also allow users to set limit orders and engage in copy trading.
Furthermore, while the project is currently rooted in Solana, its white paper reveals that it will support more chains, such as Polygon and BNB, in the future.
And when it comes to unique animal themes, Snorter focuses on an aardvark. The imagery centers on that aardvark using its snout to “snort” good investment opportunities, which is being used as a vehicle to communicate Snorter’s use cases.
Due to its unique blend of use cases and memes, Snorter has also gained the attention of experts like Jacob Crypto Bury, who believe that this Solana-themed crypto could be 100x upon launch.
These factors make Snorter a high-potential project to invest in alongside Hexydog. While its use cases are more complex, it has a strong comedic appeal thanks to its memes, which has already led it to raise over $1.2 million to date.
Visit Snorter | Twitter
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