Sonic (Hotdog) Price Prediction 2023-2030: Can HOTDOG Reach $1?

Sonic (Hotdog) Latest Price

Sonic (Hotdog) Price Prediction: Is Sonic (HOTDOG) a Good Investment?

Sonic the Hotdog is a new meme token inspired by the speedy blue hedgehog from video games. It’s aiming for quick growth, powered by its $HOTDOG token.

It is a new cryptocurrency on the Ethereum platform, introduced in 2023. It has a total supply of 100 million, with only 25% of supply in the circulation.

HOTDOG Details:

• Total tokens: 100M
• Burned tokens: 66M
• Presale tokens: 20M
• Uniswap LP tokens: 10M
• Tokens for exchange listings: 2M

Is Sonic (Hotdog) Legit?

Sonic’s $Hotdog cryptocurrency was reviewed and approved by Cyberscope.

• Audit Details:
  • Network: ETH
  • Symbol: HOTDOG
  • Total Supply: 100,000,000
  • Address: 0x01E87d74B11f656A673a3E7c441425816213Eb0c
• Analysis Results:
  • All tested functionalities, including transaction stopping, token transfers, fee limits, token minting, token burning, and address blacklisting, passed successfully.
• Audit Timeline:
  • Initial Audit: 16 Aug 2023
  • Corrected Phase 2: 18 Aug 2023
• Findings:
  • Critical Issues: 0
  • Medium Issues: 0
  • Minor/Informative Issues: 0
• Functional Analysis:
  • The token is compliant with the IERC20 interface.
  • Functions include: totalSupply, balanceOf, transfer, allowance, approve, and transferFrom.
  • Additional functions related to token exchanges and liquidity have been outlined.

HOTDOG’s Upcoming Features:

• 3D NFTs: They’re working on exciting 3D NFTs for our users.
• Promotions & Rewards: As a community-focused token, their team and community members will collaborate. They’ll have polls to decide on partnerships with influencers and marketers to promote the token.

Since the cryptocurrency was just recently introduced, there’s limited information available on its official website (about its utility). Therefore, it’s challenging to determine whether it’s a good investment opportunity or not.

Sonic (Hotdog) Price Predictions

Can HOTDOG Reach $1?

In order for Sonic (HOTDOG) to reach $1, it would need to increase by a factor of 121. At $1, HOTDOG’s Market Cap will be $25.2 Million. If it were to grow at a rate of 25% each year, it would take about 21 years to reach $1. Let us evaluate this data

• Quality of Investment- Moderate
• Growth required to reach $1- Feasible (Example: Bitcoin was priced at $0.1 in October 2010. 12 years later, It is 22000 times higher)
• Market Cap at $1- Not Feasible
• Time required to reach $1 if it were to rise at 25% per annum- Not Feasible

Considering the criteria Quality of Investment, growth required and time required, Sonic (Hotdog) has a low chance of reaching $1.

Sonic (Hotdog) Price Prediction Today

Sonic (Hotdog) Price Prediction 2023, 2025 and 2030

• Sonic (HOTDOG) price prediction for 2023 is $0.018
• Sonic (HOTDOG) price prediction for 2025 is $0.03
• Sonic (HOTDOG) price prediction for 2030 is $0.08

Where Can I Buy Sonic (Hotdog) Tokens?

• Uniswap
• IndoEx

~Charu Taneja

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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