Humaniq (HMQ), the blockchain-based application focused on providing financial services to the underbanked and unbanked population, has seen a slight drop in its trading price on Saturday, underperforming the general crypto market. HMQ was down by 0.29% over the past 24 hours, as compared to Bitcoin (BTC) which was up by 1.29%.
Humaniq was launched in 2017 with a mission to provide banking services to people who are unable to access traditional banking systems. It is a mobile application that uses biometric identification to create a unique digital identity for each user. The app aims to provide financial services like money transfer, credit, and insurance to individuals who do not have traditional banking facilities.
The Humaniq application leverages blockchain technology to store user information in a secure and decentralized manner, which ensures that the user’s information is protected from any unauthorized access. The application also has a built-in payment system that allows users to send and receive payments without the need for a traditional bank account.
Recently, Humaniq has announced the launch of its new HMQ token, which will be used as the main currency within the Humaniq ecosystem. The HMQ token will be used for all transactions within the platform, and it can also be used as a store of value.
Humaniq aims to be a convenient financial solution for the unbanked population, and the HMQ token plays a key role in achieving this goal. The HMQ token can be used to pay for microloans, insurance policies, and money transfers within the platform. It also allows users to earn rewards by performing certain activities within the application.
The HMQ token has been listed on several cryptocurrency exchanges, and it has garnered a lot of attention from the cryptocurrency community. However, its trading price has been volatile, with the token experiencing significant price swings since its launch.
Over the past 24 hours, the HMQ token has seen a slight drop in its trading price, underperforming the general crypto market. While Bitcoin and other cryptocurrencies have seen a positive price movement, HMQ has remained relatively unchanged.
Despite the recent dip in its trading price, Humaniq remains focused on providing financial services to the unbanked and underbanked population. The company believes that blockchain technology can revolutionize the way financial services are provided, and it is committed to making financial services accessible to everyone, regardless of their location or financial status.
In conclusion, Humaniq’s focus on providing financial services to the unbanked and underbanked population is commendable. The application leverages blockchain technology to protect user information and provide secure financial services. The HMQ token plays a key role in providing a convenient financial solution for users, and it has garnered a lot of attention from the cryptocurrency community. While the recent dip in its trading price may be concerning, Humaniq remains committed to achieving its mission of providing financial services to the unbanked and underbanked population.
Humaniq (HMQ), a cryptocurrency that aims to provide financial services to the unbanked and underbanked populations worldwide, has been deemed relatively more volatile than the crypto market, according to a recent analysis. The crypto has lost 29.38% to $0.001731174078 as of Saturday.
InvestorsObserver has given Humaniq a 93 Volatility Rank, measuring how much a stock or cryptocurrency price fluctuates in comparison to its usual performance. The Volatility Gauge analyzes what this means to you and gets the rest of the rankings on Humaniq.
It is important to note that one day’s performance won’t define the volatility of HMQ. A trend will. The high volatility reading of HMQ pairs with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.
Humaniq was created in 2017 with a vision of bringing financial inclusion to the global population, using blockchain technology to enable a globally accessible, low-cost, and independent financial system. The platform is built on the Ethereum blockchain and offers a mobile app to retrieve an easy-to-use digital wallet, making it simple to send, receive, and store cryptocurrencies, regardless of location.
As Humaniq aims to provide financial services to the unbanked and underbanked population, its mission is noble, but the lack of widespread adoption has led to a volatile market. The current market conditions make it essential for investors to weigh the pros and cons of investing in HMQ.
Investing in any cryptocurrency comes with a higher risk compared to traditional investments. Cryptocurrencies are not backed by a central authority, making them subject to more significant volatility in their value than traditional assets. Therefore, it is essential to understand the risks involved and to perform your research thoroughly before making any investment decisions.
In conclusion, Humaniq’s high volatility should be considered before making investment decisions. The platform has a noble mission, but adoption rates may continue to vary, leading to further volatility. It is always recommended to do thorough research before investing in any digital asset.
