HANA (Hana Network) increased by 31.72% in the past 24 hours.

Gate News Bot Report, November 7 — According to CoinMarketCap data at press time, Hana Network (HANA) is trading at $0.03, up 31.72% over the past 24 hours. The price reached a high of $0.04 and dipped to a low of $0.02. The current market capitalization is approximately $10.2 million, an increase of $2.46 million from yesterday.

Hana Network is a project focused on transitioning from Web3 to Web4, aiming to replace centralized exchanges with ultra-lightweight financial solutions. Its main products include Hana Gateway (a trustless deposit and withdrawal platform), Reunion (a task-based DeFi protocol), and Hanafuda (a card game Lego project introducing ultra-lightweight finance).

Leveraging social network effects, Hana Network offers P2P markets, casual earning opportunities, real-time social tipping, and deposit/withdrawal services. The project integrates with major Web2 platforms like Twitter, Telegram, Discord, and TikTok, creating strong entry points that drive viral growth. Hana Network’s goal is to fuse blockchain P2P technology with innovative social networks, unlocking network effects to transform how retail users connect, trade, and communicate in real time.

Recent key updates from Hana Network:

1️⃣ Successfully closed $4 million funding round
On October 24, 2024, Hana Network announced the completion of a $4 million builder round. The funding was led by well-known investment institutions, demonstrating market confidence in Hana’s ultra-lightweight financial approach. This capital will support product development and market expansion, potentially contributing to the recent price surge of HANA tokens.

2️⃣ HyperCasual Finance concept gains attention
Hana Network’s introduction of the HyperCasual Finance concept is attracting increasing interest. This innovative idea aims to simplify financial operations, making blockchain finance accessible to more ordinary users. As the concept gains popularity, the utility and demand for HANA tokens could rise, providing price support.

3️⃣ Advancing social network integration strategies
Hana Network continues to push integration with mainstream social platforms like Twitter, Telegram, Discord, and TikTok. This strategy helps expand the user base, boost project visibility, and create more use cases for the token. The amplification of social network effects may be another key driver behind recent HANA token price increases.

From a technical perspective, HANA has broken through previous resistance levels and is showing strong upward momentum. Short-term prospects suggest continued growth, though investors should remain cautious of potential market corrections given the high volatility typical of cryptocurrencies.

Note: This information is not investment advice. Please be aware of market risks when investing.