The Next Shiba Inu: Hoge Finance (HOGE)

 This is the first time I've heard of Hoge Finance, as it is with so many other meme coins. According to what I've learned, the underlying protocol employs a supply-burning mechanism to keep the HOGE token deflationary.



In theory, this appears to be the polar opposite of the Federal Reserve's "printing press." Deflationary currencies, on the other hand, are unlikely to be practical in practice.


As a side note, I say this because functional economies tend to flourish, with increased population bases and per-capita wealth. As a result, a deflationary currency would stifle an economy unnecessarily. Furthermore, high prices are not always correlated with rarity.

Instead, investors (well, speculative traders) should look at a meme coin’s technical dynamics to see if it has the potential to be the next Shiba Inu. What I like about Hoge Finance is that it, like Dogelon Mars, has rising volume confirming rising prices.


Note that in the early October rally, acquisition volume moved higher as the price did. Then, in the most recent rally that culminated in mid-October, volume expanded substantially. This is the logic that I like to see before plunking my own dollars into what is possibly the next Shiba Inu.

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