Cryptocurrencies: 852,151
Exchanges: 1,031
Market Cap: $2,789,775,723,424
24h Vol: $117,152,925,403
BTC Dominance: 49.83%

Hoge Finance (HOGE) – Full Review

Hoge Finance is an ERC-20 token that has garnered some attention due to a clever marketing campaign and hiring a lobbyist to testify before Congress about potential crypto regulation. The coin considers itself a memecoin – the name Hoge is a combination of the words “hold” and “Doge.”

This article will offer a comprehensive review of the token, the project, and whether or not it’s a worthwhile investment. You should not take anything in this article as investment advice, though. It’s simply a review of the project. You should do your own research before making an investment into any cryptocurrency. 

What is Hoge Finance (HOGE)?

Hoge Finance is a memecoin, but it’s a memecoin that has built a solid community around it based almost entirely on memes. 

The project has a Swiss non-profit organization that manages any brand associations or partnerships that Hoge Finance would like to enter. The final stage of the plan involves launching a DAO that will govern the decisions of the Swiss non-profit organization. 

As for the development team, Hoge Finance does not have a paid development team. There is no developer wallet in this project. Instead, the project relies on anywhere from 80-120 contributors to its GitHub repository. 

Other aspects of Hoge Finance include meme submissions, minting NFTs, a forum, and an NFT marketplace. Unfortunately, the NFT minting program appears to be dead with the last update coming in August 2021. 

The Hoge Finance team certainly understands that community is a critical aspect of growing a cryptocurrency project. We like the immense focus that they have put on community and memes. 

Who founded Hoge Finance (HOGE)?

Hoge Finance was founded by a team of developers on February 7, 2021. Some of them have doxxed themselves and some of them prefer to stay anonymous. 

It’s reassuring that some members decided to dox themselves as anonymous founders can sometimes make investors hesitant. One of the doxxed members is an atmospheric research scientist Dr. Joseph Niehaus.

Did Hoge Finance Speak To Congress?

Yes, Hoge Finance did speak to Congress in December when Congress was considering adding regulations to DeFi. Hoge Finance actually hired a lobby firm to represent them, but it is still interesting that someone represented them at Congress for the hearing. 

Hoge Finance Tokenomics 

Hoge Finance has fairly simple tokenomics. A 2% tax is collected on every transaction – 1% is distributed to all wallets holding HOGE and 1% is burned. 

This makes HOGE a deflationary token, which is the opposite of most memecoins. It also has a max supply of 1,000,000,000,000. 

There will never be a higher supply of HOGE than the supply at the present time. 

HOGE Information

Here is some basic information about the price, market cap, and other relevant information HOGE. All information is listed in US Dollars. 

HOGE Price: $0.00008499

HOGE All Time High Price: $0.000647 (October 31, 2021)

HOGE Market Cap: ~$34 million 

HOGE All Time High Market Cap: ~$312 million (October 31, 2021)

Circulating Supply: 402 billion HOGE

Max Supply: 1,000,000,000,000 HOGE

Note: The price is so low because of the 402 billion supply of HOGE. 

Is Hoge Finance a Good Investment?

We like memecoins and community building cryptocurrencies like Hoge Finance. Our problem is that the team does not appear to have much leadership behind it. It is supposed to be a community led project, so perhaps this is by design. 

To highlight this lack of leadership, the Hoge NFTs have not had any level of success – only 0.03 ETH worth of NFTs from the collection have been traded. 

The project had a lot of initial hype before dying down. Cryptocurrency is currently in a little bit of a bear market and HOGE has not fared too well during it, either.

In fact, the cryptocurrency only appears to have rallies when the project generates publicity. 

We rank HOGE as a toss-up on whether or not it is a good investment. A small amount of money in HOGE could be a worthwhile investment, but we would not invest any significant portion of money into the cryptocurrency. 

Can HOGE Hit $0.01?

If HOGE hit $0.01 today, then the market cap would be ~$40 billion USD. This would make it the sixth largest cryptocurrency by market cap. USD Coin has a market cap of $58 billion USD at fifth place and XRP has a market cap of $37 billion at sixth place. 

The chances of HOGE hitting $0.01 are extremely low. However, it’s not out of the realm of possibility, especially with the amount of US Dollars that the Federal Reserve has been printing. 

That said, we would not count on HOGE hitting $0.01 anytime soon. The current trajectory of HOGE looks terrible because the price has just kept decreasing for the past few months. 

Where to Buy HOGE?

Nearly 60% of HOGE is purchased on Uniswap, so that’s the logical place to purchase it. 19% is purchased on Gate.io and 16% is purchased on PancakeSwap. An additional 5% is purchased in small amounts across a variety of exchanges. 

HOGE does not have much coverage on centralized exchanges due to regulatory issues. This is why the project launched the Swiss non-profit – it’s much easier to get listed on a centralized exchange with an actual office. 

Closing Thoughts

That sums it up for our review of Hoge Finance. This project is another one in the long line of memecoins attempting to build a community in order for cryptocurrency to reach a larger audience. We find this trend appealing, but it takes an expert in memetics and community building to understand which coins will become the next Shib or Doge and which ones will fail. 

Hoge Finance (HOGE) – Full Review