how the upcoming adjustment will impact the $HTX price

Answered at Oct 29, 2024

Impact of Upcoming Adjustments on $HTX Price

Overview of HTX DAO and $HTX

HTX DAO, a decentralized autonomous organization, is pivotal in managing the $HTX token. It promotes community-driven governance, allowing token holders to participate in decision-making processes (source). The $HTX token is integral to the DAO's operations, supporting the decentralized economy's growth.

Buyback and Burn Strategy

HTX DAO has implemented a buyback and burn strategy to manage the $HTX token supply. This involves repurchasing tokens from the market and permanently removing them from circulation. The goal is to create scarcity, potentially increasing the token's value (source).

  • Q3 2024 Burn: HTX DAO executed a significant token burn, valued at over $21.25 million, marking a shift in its liquidity strategy (source).

Future Plans and Predictions

HTX DAO plans to continue burning 50% of its quarterly revenue in $HTX tokens. The next scheduled burn is set for January 15, 2025. The size of future burns will depend on changes in quarterly revenue (source).

  • Revenue Growth: HTX's revenue increased by 72% in Q3 2024 compared to Q3 2023, reaching $42.5 million. This growth supports the ongoing burn strategy (source).

Price Predictions

The price of $HTX is expected to rise gradually over the coming years, driven by the buyback and burn strategy and increased demand:

  • 2024: $0.00000577
  • 2025: $0.00000647
  • 2026: $0.0000102
  • 2027: $0.0000122
  • 2028: $0.0000147
  • 2029: $0.0000202
  • 2030: $0.0000377 (source)

Conclusion

The upcoming adjustments, particularly the buyback and burn strategy, are likely to positively impact the $HTX price. By reducing the circulating supply and aligning with market needs, HTX DAO aims to create scarcity and drive up token value. The sustained revenue growth further supports this strategy, providing stability and growth potential for $HTX tokens.