Q2 AMA

There are two perspectives on how the price of HONEY is determined.

Fundamental Value: This approach looks at on-chain metrics, project performance, and financial indicators of HONEY. Over the long term, factors like supply and demand, tokenomics, use cases, project roadmap, and relevant regulations or governance can all affect HONEY's value.

Price Action: This perspective primarily involves using technical analysis tools like chart patterns, MACD, RSI, and Bollinger Bands to forecast price movements of HONEY based on past trends, based on the principle that 'history tends to repeat itself.' Price action of HONEY is also affected by news, announcements, and the general sentiment of the community.

While long-term investors focus on the fundamentals, short-term traders typically rely on technical indicators. Both can influence the price of HONEY.

HONEY reached an all-time high of $0.1422 in 2024-12-02, while its current trading price is $0.0261.

HONEY reached its historical low of $0.02388 in 2024-12-02.