Despite bullish macro outlook as well as the market pumping HNT is in consolidation. Hopefully it stays within this 14-12USDT range before it makes the next leg up. April has always been a very nice month for altcoins, however with the recent uptrend to $20+++ a little cooling is in store.
Long term we have validators and halvening coming up; also with HIP20 tokenomics are more favorable to price with a max cap as well as the concept of "token recycling" meaning when HNT is burned for DC the coin is then recycled back into the total marketcap. Not an econ expert but it seems to be some sort of elastic deflationary mechanism as B2B will be using HNT and the recycling keeps incentivizing HNT miners to keep nodes going.
Not financial advise, DYOR, am just talking bullshit
Long term we have validators and halvening coming up; also with HIP20 tokenomics are more favorable to price with a max cap as well as the concept of "token recycling" meaning when HNT is burned for DC the coin is then recycled back into the total marketcap. Not an econ expert but it seems to be some sort of elastic deflationary mechanism as B2B will be using HNT and the recycling keeps incentivizing HNT miners to keep nodes going.
Not financial advise, DYOR, am just talking bullshit