Hegic (HEGIC) Price Spikes Over 70% in a Day

Hegic (HEGIC) Price Spikes Over 70% in a Day

HEGIC has been on the rise since its ICO, and is now trading around $0.30 USD per token. This cryptocurrency has a market cap of over $16 million USD at the time of this writing, and is up over 70% in a day.

The HEGIC price prediction is a cryptocurrency that has been on the rise recently. It spiked over 70% in a day, and it’s possible this increase could continue.

2 minutes ago | 4 weeks ago

Hegic (HEGIC) Price Spikes Over 70% in a Day News about altcoins

  • The price of Hegic (HEGIC) has risen by more than 70% in only one day.
  • Hegic is a system for trading options on the blockchain.

In the past 24 hours, the price of the crypto coin Hegic (HEGIC) has risen by more than 70%. At the time of writing, the HEGIC price was $0.1048 with a 24-hour trading volume of $49,194,646, according to CoinMarketCap.

Hegic (HEGIC) Price Spikes Over 70% in a DayPrice Chart for Hegic (HEGIC) (Source: CoinMarketCap)

A Brief History of Hegic (HEGIC)

Hegic is an Ethereum-based on-chain options trading system based on hedging contracts and liquidity pools (ETH). A hedge contract is essentially an on-chain option contract. This gives the holder or buyer the option to purchase or sell an asset at a predetermined price. In addition, the writer or seller is obligated to buy or sell an item within a certain time frame. 

These hedge contracts, on the other hand, are untrustworthy, non-custodial, and censorship-resistant. Furthermore, the hedging contracts provide security due to the liquidity they contain. The Ethereum Virtual Machine (EVM) is a self-contained code generator.

Hegic also provides a method that improves a pool model for liquidity providers looking to improve trustless options trading. Furthermore, the ETH-related platform is an option trading site where traders may participate for profit or directly as a liquidity provider in exchange for a transaction fee split. Every contract is established, managed, and resolved independently.

The HEGIC coin is an ERC-20 utility token in general. This is used to distribute 100 percent of the settlement costs to the token holders. In addition, each quarter, the transaction fees collected are given to all HEGIC holders. Furthermore, holders may engage in governance by determining the rates, settlement fee amounts, strike price multipliers, and different assets supported.

With the platform’s continuous growth and improvements, HEGIC has a bright future and the potential to achieve tremendous heights in the near future. 

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The hegic coinmarketcap is a cryptocurrency that has seen a significant increase in price over the past few days.

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