How long can Holo (HOT) crypto remain in green?

Highlights

• Founded by Arthur Brock and Eric Harris-Braun, Holo (HOT) is mainly a decentralised peer-to-peer platform that targets to build a framework for developing DApps using the Holochain.
• On Monday, the token was witnessing a bull run in the market, amassing over 30% with a volume gain of over 1000%.
• Ranked 83 as per CoinMarketCap, the Holo crypto was trading at US$0.006992 with a trading volume of US$737,874,431.  

Founded by Arthur Brock and Eric Harris-Braun in 2016, Holo (HOT) is mainly a decentralised P2P (peer-to-peer) network that targets to build a framework for developing decentralised applications (DApps) using the Holochain. 

Holo’s main aim is to bridge the gap between its apps and various centralised apps. So, instead of being entirely dependent on its domestic servers, it also connects with other networks. This benefits the end-users as they can derive value from both the availability of the potential from both cloud-based and locally installed software. This saves the DApps developers from the overhead costs of maintaining and paying for cloud hosting. 

On Monday, the token was witnessing a bull run in the market, amassing over 30% with a volume gain of over 1000%.

Also read: Will BlackRock’s aggressive crypto exploration bear fruit? 

Why is Holo rallying?

The exact reason for the Holo crypto rally is still unclear, but the HOT token has been performing well in the last month. If one has to break down the details, then the HOT token has seen a rally of 56.3% in the past 30 days, 78.2% in the past 14 days, and 57.6% in the past week. 

Also read: Will KASTA (KASTA) crypto be able to sustain its current upswing?

One of the uniqueness of the Holo token is that the users can themselves delete the data. So, once they have deleted the data, no one can retrieve it or reuse it. This gives the Ethereum-powered crypto a superior advantage compared to the other cloud computing services, such as Amazon, Microsoft, etc. One is never sure whether the deleted file is deleted or not.

Besides, other decentralised projects consume lots of energy. With Holo, that’s not the case as it consumes far more less power, therefore, its energy-intensive.  

Holo’s price performance today

Ranked 83 as per CoinMarketCap, the Holo crypto was trading at US$0.006992 with a trading volume of US$737,874,431. At the time of drafting, the Holo crypto was up by 34.22%, with a live market cap of US$1,211,714,684 and 173,289,911,898 HOT coins in circulation.

The Holo crypto is scalable, resilient, and forkable. As it’s a peer-to-peer application, no one can control or shut down the communications.

Conclusion

The rally has been significant, and its users will be buoyed by it. It remains to be seen how long the rally will persist, but one must keep the volatility factor in mind and be mindful of how the market can change at any given point in time. Therefore, one must do their respective market research before entering the crypto sphere.

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete, or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.