The recent entrant into the cryptocurrency market is the Health and Wealth token, often abbreviated HEWE. Starting with active trading, this digital asset has attracted investors and admirers of cryptos by becoming a growth story within weeks of trading.
As stated earlier, HEWE intends to run on its own blockchain in a bid to stand out from the numerous competition in the decentralized cryptocurrency markets. HeWE is now issued with a Pre-Mine of 10 billion tokens, but the token’s overall max supply limit is 100 billion HEWE, giving the project’s founding team a clear idea of where it will head in the future.
At the time of writing this, HEWE has a current price of around $0.0009832; though, the token has risen quite sharply by 21.36% in the last 24 hours. Such an upward trend has drawn the attention of traders in search of new prospects in the cryptocurrency market. The total market capitalization of the token is in the region of $7.1 million thus placing it under the mid-cap category for tokens circulated on the market.
Another thing that has been captured out of HEWE’s recent operations is its trading activity. In the 24 hours leading to the time of writing this report, the token has traded $64,501 worth of the token, surpassing the previous day by 21.66%. This dynamic of trading speaks to increased attention and demand for the token and its circulation since both, interest and liquidation, are important for further development and stability of the token.
According to the self-claimed circulating supply data, the current circulating HEWE tokens is about 7,270,000,000 tokens which is about 7.270% of the total tokens. This slow release of tokens into the market can be observed as an efficient way to control the token’s supply and possibly maintain its demand as the project grows.
Worth mentioning is the fact that the circulation supply of HEWE tokens as of the time of writing this report sits at 0, this might imply the fact that the project is relatively young and has not given out its tokens or it has some form of tokenomics. Each of these elements of the token’s supply deserves a closer examination by potential investors.
The market capitalization of HEWE, assuming maximum shar e floatation has been estimated by following the below formula and is $98,300,000. To have a long-term view of investment returns this figure explains the capability of the circulating token price in valuing the project if all tokens available were circulated.
Like most other newly released cryptos, it is wise that investors approach the HEWE investment with caution. The described token has presented acceptable performance in the begining of its existence, but the crypto market cannot be considered as stable one. The potential investor should always dig deeper and assess the project based on its use case, the technology used, convening team, and work plan before investing in any project.
The name of the Health and Wealth token might be an abbreviation of health with wealth provided by the token’s use in terms of refueling and supplies to target the market. However, not knowing more specifics about the project and the technology being developed it can be quite difficult to judge the sustainability and the overall potential impact of the project on the cryptosphere.
In the coming years as HEWE trades and advances it will be important to observe how it performs and sells, as well as how the team performs in conforming to their offered promises. The future weeks and months will be decisive to whether HEWE can continue at a similar pace and become a recognized key player in the cryptocurrency market.
As for the traders and investors interested in HEWE token, it should be pointed out that the token is already listed on the DEXs including PancakeSwap with USDT and WBNB as trading pairs. Its listing on these popular DEXs could enhance its liquidity and volatilities of the token in the process.
With the cryptocurrency market trending and growing every day, new tokens such as this one; HEWE are a result of the diversification of the market. It might be too early to speak about the sustainability of this particular token, however, given the overall cryptocurrency market situation, its start and a rather specific niche – this project is definitely worth to watch in several months.
In conclusion, the Health and Wealth token (HEWE), is a new entrant to the crytocurrency market and from the evaluation; it has performed well and has received attention from investors. A newcomer to the market needs to be appreciated as carefully as possible, which means considering the fundamental prospects of the project and possible threats associated with investing in a new class of digital assets. Still, the future of HEWE will contain actions of creating value, the company’s investor relation, and the competitive environment for digital assets.
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