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found a coin HOGE. its 11700% up. rising every week. is it another scam coin? or real project? anyone know anything about it? https://hoge.finance/

I see it's another DeFi project, anyways DeFi project or not what people cares about is making gains out of any project even if they are scam projects, since the coin is already up to 11700% that makes it even more dangerous to invest money on, do your own research and invest only what you can afford to lose

With that gain, it's just another pump and dump coin.
I don't know anything about that coin but that's what I come up with whenever a coin pumps a lot with that percentage.

Yeah, it's about to dump.

Its a huge gain, but its small value only (early adopter) with really low price so imo if the project & community is strong enough it will not become pump dump project.
Also after i see the website, i think the project is interested and fun. But the community will be the important part for sure, because their vision is about Meme and NFT.

I mean I check it on Coinmarketcap and it listed as Rank #2322 in there not really a huge market cap coin, but it looks fine but it's kinda early maybe you could gamble some spare money in it.

Since the token is so much cheaper at this moment if it becomes successful in the future it might be a great profit, but I don't like the concept of copying the DOGE coin especially because of the Elon hype social media platforms.

It's starting in the Uniswap exchange you I think its a okay coin, but this coin is better than the DOGE coin since now it's defi compared to a DOGE coin that has no utility or probably just hype I would pick this one.

With that percentage of gain, it's really likely that it will dump anytime soon. As you say about the meme, only one project I know that's being favored by the community.
That's Dogecoin but if the community of this coin stays and likes the things about it then it will surely be a hit for those who have invested on it. But as I've said, it's likely to be dumped and usually, that's how it goes.

depends on the site, the total supply is about 1000 billion with 436 billion in circulations
for me, thats really huge supply,
but personally i don't really know about this coin, because i just heard from you
so i can't say if this coin is scam or not my friend

It's just another shitcoin riding on the hype of DeFI, Dogecoin and the bull market. Once the bear market sets in, the coin will dump so hard faster than it rose in price.

I checked out some info on coinmarketcap (https://coinmarketcap.com/currencies/hoge-finance/) and this is how they described it;

Just another Dogecoin copycat

There are many different reasons why coins can rise so much, it can be not scam, but I don`t trust such coins and don`t want to buy them. If I had such coins I would be happy, but unfortunately I still haven`t been lucky

Just be careful on those coin that pumped that huge. They are actually manipulated by investors and devs so other may want to ride the hype and buy that coin.
 
 I visited the link and this is what I saw that makes me interested on this hoge platform;
 
 
 You mean it is doge defi? How come?

I watched it, and it was very risky, projects like this that I've come across a lot during the time when the defi market boomed in 2020, they created and pumped it at an unbelievable price and when they were We know it is time to let that project end.

The rating is very bad and the increase is not like what you said, so I personally still have doubts about this one project, because the token moves from a very low value so I am afraid that the token will return to its base price when there is a sudden correction arrived, especially the current market is very difficult to predict, as well as for the future.

As of writing this and checking CMC, the price is now sharply dropping from $.000157 to $.000119 per coin.
Seems like the hype is over for it and the coin is now dumping.
It still has green in the charts like it has been up for +3% then gradually dropping.
CMC defines it as a meme token anyway, so yeah it is like just those pump and dump. I could be wrong but who knows. I never dropped any coin into it.

Another pump and dump story. Nothing unusual, this coin doesnt worth any attention

Hoge typically as a pump and dump coin. The price is rising due to the bullish trend on the defi project. This project has no a proper product and whales were pumping this one.
Hoge is the same as another doge shit scam fork coin.
It will be dumped again soon. forget it. The telegram group of hoge is full with speculators.

If you see something pumped that much then you would not even dare invest with it.
That is just an absurd number for something that is unknown.

Whoever bought the coin must be from their group or worse it is just them.
Just be careful not to step in it. Chances of traps being set is high.  ;D
Experienced this kind of scam in Yobit, but until now I don't really know how they did it.

That was growing from almost zero value to the current rate but that growth is causing by the whale. This coin is very similar to another garbage coin that generated to catch the hype from the dogecoin like shiba inu and akita inu. These were crap coins. I think that we should not pay attention to this one. This coin will be dumping again soon.

I remembered recently, before Bitcoin begin to spike its price were there was a defi coin named YFI if I am not mistaken that all of a sudden made a noise in the market and it reached the highest peak price of more than 35k$ plus were it surpassed the price value of Bitcoin by that time, and now look what happen when Bitcoin begun to performed well in the market. Hope you get my point on this one, be careful before investing into something anyway.

This is very much an obvious pump and dump coin.

As for the potential? Nah, I don't think it will gain traction though, it's just another copy cat coins out there, the price is relatively cheap that's why it spike that way. And for sure what follows is a massive dump, take profits and then rinse and repeat. And we're still in the Defi hype, so don't be surprised by any coins entering the market experiencing a pump.

I was almost fooled, the name is almost similar to Doge 'lol'...
I think it is a coin that has the potential to be a new scam, the Defi market has started to leave, surely in the next few months, there will be a lot of Defi coins/tokens that will die.

look like this coin just create new ATH
and if we look closely the marketcap is good enough because today the cap is more than 200millions with more than 10 milions supply
hope with all the data on coinmarketcap, this coin is not a scam coin my friend

https://i.imgur.com/gWDvb9G.png