Hachiko, an Ethereum-based meme coin inspired by Hachiko in The Tokyo Asahi Shimbun, shows gradual upward movements in the chart. This natural progression without any virality and media marketing, is considered by many crypto experts as a good sign for a bull run.
The huge 420.69 billion token supply and the significantly lower market cap never allowed a single token of Hachiko to achieve a decent price. The historical data on the charts shows that till August, the token continued its downward movement from its all-time high of the initial days. However, things are different now.
In September 2024, the token showed slight upward movements. The trading scale continued to rise, and the past 30 days witnessed a 54.29% increase in its price. What led to this increase? This article will be a comprehensive guide to the price movements of HACHIKO tokens. We will analyze the current market conditions to predict its long-term price, until 2030.
What is Hachiko?
The name Hachiko is popularized by an Akita Inu dog’s true story where he waited for years in a railway station for the return of his master. He visited the station every day until his death. The story first appeared in The Tokyo Asahi Shimbun (now The Asahi Shimbun) and it generated huge global attention.
After the arrival of blockchain technology and the meme coin frenzy, various crypto enthusiasts have developed tokens in the name of Hachiko, and this particular token is one of the recent additions to this. Released to the blockchain in June 2024, the token is now seeking more and more investors to gain a mainstream presence.
The $HACHIKO Token: Use Cases, On-Chain Data, Tokenomics, & More
As a meme coin based on this popular Akita Inu, HACHIKO has a growing fanbase throughout the internet web3 communities. However, the competitive nature of the meme coin market and the enormous energy needed for marketing resulted in slow growth. Let’s get into the token’s details.
Basic Details of Hachiko Token
Token Ticker | $HACHIKO |
Contract Address | 0x381491960c37b65862819cEd0e35385f04B2C78B |
Blockchain | Ethereum ERC-20 |
OnChain Market Cap | $48,941.39 |
Total Supply | 420,690,000,000 HACHIKO |
Total OnChain Token Holders | 578 holders |
Token Generation Date | 23 June 2024 |
Hachiko Token Use Cases
We all know that meme coins have no specific use cases other than generating a fun-filled atmosphere around their community. Hachiko is travelling through a similar path and it is yet to receive a huge recognition. At present, the token’s community provides Hachiko fans and passionate web3 traders to engage with the token. They can purchase it through DEX like UniSwap and HODL it for potential future gains.
Hachiko Token Allocation Details
Hachiko meme coin’s website is facing various issues and the official details about the token allocation are nowhere found. There is no whitepaper and no blogs or docs to refer to. Anyhow, the on-chain data shows that a wallet has been purchasing this token from UniSwap and the present allocation has reached around 11%. We are not certain whether it is an exchange wallet or a wallet owned by a whale.
Price Prediction: Insights from Hachiko’s Historical Data
When the token was released to the public in June 2024, it attracted numerous buyers and arrived at an all-time high on June 26th, reaching $0.000005161. But after the initial push, the token went into a downward spiral.
Hachiko reached its all-time low on August 8th, 2024 with a price of $0.00000005947 per token. Then it started a revival and now reached $0.000000116, a 95.05% increase from its lowest price.
Hachiko in 2024: Short-Term Price Prediction
We have two more months for this year to conclude, and if Hachiko continues its uptrend at this pace, we can expect another 50% increase around November. The same can be attained in December, and at the end of this year, we can see a 100% increase in the price.
If Hachiko is unable to keep this steady movement, it will fall again into the trap we witnessed in July and August. Generally, meme coins thrive when creative marketing and huge community support align with them. So, the Hachiko community should work on it to achieve a 100% increase in 2024.
Hachiko Long-Term Price Prediction: 2025, 2026, 2027, 2028, 2029, 2030
Let’s be optimistic and check what happens if Hachiko continues the current uptrend at this speed. We expect around a 100% increase in 2024 and hope it continues through the coming years. Here are the predicted values:
- 2025: $0.000000464
- 2026: $0.000000928
- 2027: $0.000001856
- 2028: $0.000003712
- 2029: $0.000007424
- 2030: $0.0000149
As the market is so volatile, especially the meme coins niche, we can definitely observe huge price fluctuations. So the above optimistic predictions can change according to uncertainties. The on-chain analysis resulted in a long-term uptrend prediction but the market sentiment is exactly the opposite. The developers and the community should organize various campaigns and try to find a place for the token in the media and the web3 discussions.
How to Buy Hachiko Tokens?
It is not yet listed in any prominent centralized exchanges. The only place one can purchase this coin is UniSwap DEX. Traders can swap their Ether to receive HACHIKO. Here is the process:
- Visit UniSwap V2 and connect your Ethereum ERC-20 wallet.
- Convert your ETH to WETH (Wrapped Ethereum).
- In the space to choose the token to buy, search for the Hachiko token or paste the contract address provided above.
- Choose WETH in the next space, create a HACHIKO/WETH pair, and tap “Swap”.
- Authorize your wallet by signing and paying the gas fee. You will receive the tokens within 10 minutes.
Final Thoughts: Is Hachiko a Good Investment Option?
Hachiko is a good meme token to buy if you plan to diversify your portfolio by purchasing a variety of coins. After a dip it is slowly growing, indicating that it is the right time to buy.
However, the lack of community support and the poor management by the devs may backfire on its growth. So, invest with caution. If you are looking for serious coins for long-term holding, there are various other coins with strong community support and a decent market cap. You can opt out of this.
Finally, our price prediction is based on the overall data surrounding the coin, including the tokenomics, the chart’s behavior, and the market sentiment. Variations may happen, and the better solution is to do your research to decide whether to invest in it or not.