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    $14.9761 $ 14.9761
    +¥5204,24 -0.1% 1D
    1D 1M 1Y ALL
    Updated:
    LOADING DATA
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    Market Cap (USD)
    --
    24H Volume
    618.73
    Circulating Supply
    --
    Max Supply
    --
    All Time High
    2187.59
    Rank
    --

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    • About Honey (HNY)

      The 24 hour trading volume of Honey is $625.93. The all-time high price of Honey is $2,187.59 on Sep 06, 2021 (about 1 year). The all-time low price of Honey is $0.185133 on Sep 13, 2021 (about 1 year). What is NFT wash trading? Read on to find out how and why people wash trade their NFTs.
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    Honey FAQs

    • 1. What determines the price of Honey?
      There are two schools of thought in determining the price of Honey.

      By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Honey, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Honey from a long term perspective.

      By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Honey on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Honey as well.

      HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Honey and the cryptocurrency market as a whole.
    • 2. What is the highest price of Honey in history?
      Honey achieved the all-time high of $2187.59 in 2021-09-06, and is currently trading at $14.98.
    • 3. What is the lowest price of Honey in history?
      In 2021-09-13, Honey reached the all-time low of $0.19.
    • 4. Should I buy Honey now?
      It is important to remember that Honey, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.

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