The term “HODL,” which refers to purchasing and holding cryptocurrencies like Bitcoin and other cryptocurrencies. It is a misspelling of the word “hold.”
Among crypto speculators, it has also come to mean “hang on for dear life.”
In this blog, we will discuss details of a Hodl coin and Hodl coin price.
HODL, a crypto slang phrase, stands for “buy-and-hold forever.”
The word first arose via a 2013 typographical error in an online post to the Bitcointalk forum. At the time, the price of Bitcoin was erratic, rising from just over $130 in April of that year to over $950 at the start of December.
The advertisement urged individuals not to sell and said that doing so was “hodling.”
It suggests holding off on selling when markets decline or become erratic.
It is also interpreted as “hang on for dear life.” A 2013 online article that misspelled “holding” as “hodling” gave rise to the term HODL.
Hodl coin is now a fundamental principle of many Bitcoin and cryptocurrency supporters.As a tactic and guiding principle, HODLING.
Hold on for dear life, or HODL, has become a catchphrase among cryptocurrency fans, signifying a long-term strategy to cryptocurrency trading.
This strategy supports GameKyuubi’s argument in the original post that beginning traders should avoid trying to time the market because they are likely to fail and should instead just retain their coins.
For cryptocurrency maximalists, HODL stands for more than a method of controlling profit-eroding emotions like FUD, FOMO, and other similar feelings.
Because they think cryptocurrencies will someday replace government-issued fiat currencies as the foundation of all economic structures, long-term crypto hodlers continue to invest.
If that happened, holders of cryptocurrencies would no longer care about the rates of exchange between cryptocurrencies and fiat money.
The HODL maximalist viewpoint is best encapsulated by a meme, as expected.
Time to Hodl
The optimal moment to HODL is right now, always, and forever, according to these rules. A true believer would never sell their tokens, even if the market tanked or became wildly unstable.
HODLing develops into an ideological perspective on the long-term potential of cryptocurrencies, blockchain technology, and the organizations that have sprung up around them.
A Hodl Coin
Another possible meaning of HODL is a DeFI token on the Binance Smart Chain (BSC). In May 2021, HODL Coin (SHODL) was introduced.
Similar to the phrase itself, HODL urges users to hang onto their tokens for the incentives that are given out every three days in the Binance coin (BNB).
Taxes received from user transactions, such as the sale, purchase, or transfer of HODL tokens, are used to fund the incentives.
A portion of the gains is hand back to users from the communal liquidity pool after the tax amount is converte into BNB tokens.
What exactly does Hodl mean?
In an online post by a pioneering Bitcoin investor, the term “HODL” was first used as a typo of “HOLD”.
However, “HODL” has evolved to imply “hang on for dear life” among crypto fans as it has grown in popularity.
Like buy-and-hold stock investors, cryptocurrency hodlers take pride in “hanging onto their coin despite fluctuations in the market.
Who said Hodl first?
The individual who unintentionally invented the word “HODL” is unknown in real life.
On December 18, 2013, at 10:03 a.m. UTC, the user “GameKyuubi” posted a message on the Bitcointalk.org online forum using the incorrect spelling of the word.
What Is a Hodl coin, Exactly?
HODL ($HODL) is a cryptocurrency that takes its name from how widely used the phrase “HODL” is in the crypto sphere.
Owners of HODL tokens can get incentives in the form of Binance Coins because the HODL token utilizes the Binance Smart Chain.
Hodl coin price:
As a dual-reward token giving BNB rewards and reflections to its investors, Hodl was develop to run on the Binance Smart Chain (BSC) Network (HODLers).
All purchases, sales, and transfers are subject to a 10% tax, which goes toward funding the project and reward pool.
Note: Always allow for a 13 percent slippage when buying or selling HODL.
The current live Hodl price is $3.48e-9 USD with a $14,141.90 USD 24-hour trading volume.
HODL has decreased 3.84 percent over the past day.
With a live market cap of not available, the current CoinMarketCap ranking is #4974.
There is a maximum quantity of 1,000,000,000,000,000 HODL coins and no circulating supply. The development and successes of HODL during the previous year have been astonishing.
Changes in ownership and development have been quite successful.
This has made it possible to advance to the third contract, a cutting-edge proxy/upgradable contract.
This eliminates the need for migration by enabling some requirements and aspects to be change without generating a new immutable contract.
A number of Centralized Exchanges, like Coin Market Cap, CoinGecko, etc. list HODL as an asset.
Additionally, HODL can be found on a wide range of social media channels, including Telegram, Facebook, Twitter, Discord, Instagram, and YouTube, and it is constantly trying to grow.
Over 18,000 people are part of the main Telegram channel, and a BSC network search reveals more than 25,000 wallets that are referre to as HODLers or HODL Investors.
All platforms’ combined membership is still increasing.
Some frequently asked questions about Hodl coin
What was the Hodl price at its peak?
On May 29, 2021, Hodl reached an all-time high of $0.000000272061. (about 1 year).
What was Hodl’s cheapest price?
On May 17, 2021, Hodl reached an all-time low of $0.000000000196. (about 1 year).
How much did Hodl trade in a 24-hour period?
The Hodl trading volume during a 24-hour period is $14,109.79.
Where can you trade Hodl?
On PancakeSwap (v2), PancakeSwap (v2), and LATOKEN, you can trade HODL.HODL/USD, HODL/CAD, HODL/EUR, HODL/PHP, HODL/INR, and HODL/IDR are among the market’s most popular trading pairings for this cryptocurrency.