The web is replete with information and advantages of Blockchain, especially in the cryptocurrency world. Indeed blockchain platforms have immense potential with a lot of advantages to offer, especially in terms of security and speed of data transfer for the cryptocurrency market share. However, when it comes to meeting the accessibility issues on various decentralized apps, blockchain has its limitations. Even the solutions like Proof-of-stake and Proof-of-work consensus mechanisms have their restrictions. Check out the coin details before we jump to detailed Holochain price prediction.

Holochain Overview

Cryptocurrency Holo
Ticker Symbol HOT
Price $0.002924
Price Change 24h +8.30%
Price Change 7d -4.36%
Market cap $436,712,641
Circulating Supply 173,323,139,335 HOT
Trading Volume $21,548,920
All time high $0.03157
All time low $0.0002189
Holochain ROI +246.91%

Here comes the role of distributed ledger technology that supersedes the entire gamut of blockchain-based solutions providing answers to all questions that until now remained unanswered. Distribution, storage, and processing of data can change how we coordinate and interact through the network. It came into the market over the ICO process that took place around April 2018. This hosting technology can be used in different areas.

Holochain: The Framework

The difference between Holochain and Holo is that Holochain makes a distributed web platform with user autonomy that has been built directly into its architecture and protocols possible for hosting. Holo HOT network distributed web technology is an altogether different network concept that people most often confuse with blockchain-oriented cryptocurrencies like Bitcoin and Ethereum. Holo is designed to limit the gap between Holochain platform and the end users. Holochain network is an open source framework.

Emerging as the most promising network solution to scalability, this technology has been the root of genesis network holofuel for Holochain, i.e., HOT token, a revolutionary bi-product of cryptocurrencies, Holo empowers the Internet of things (IoT) via hosting. HoloFuel is a Holochain-based currency that is a contractual service obligation. It is application hosts who will produce Holofuel against computing power. Conceptualized to address issues, as aforementioned, this company developed a protocol, a platform pertaining to scalability as an open source protocol. Holo bases its fundamentals on making lives more empowered and expeditious through cryptocurrencies.

Holo: What Makes it Unique

Holo is a peer-to-peer distributed platform for hosting Holochain applications. Talk of money or making money, even for that matter, money makes money – Holo is the ultimate solution for peer-to-peer networking and the latest news on exchanges. Holo is a distributed hosting network offering lower costs and ensures fast transaction finality through its distributed hash table (DHT). Holochain is an open source protocol.

According to news, with the pure objective of Holo being to guarantee an anytime-anywhere accessible decentralized payment system, the dedicated team of Holochain has worked round the clock to offers solutions related to warranty data integrity without any compromise on security. It can connect distributed applications to suit their needs and is built for lighter, faster, and cheaper applications, as the news says it all. Energy consumption can also be done by the uses of Holochain.

Holochain makes no compromises when it comes to speed. The challenges of blockchain technology being data accessibility, they also came in packages. Those packages included slower transactions but higher costs. Holochain ensured these redundant costs are eliminated along with the advantage of higher speed of transactions. It provide developers to have their applications hosted by Holohosts.

This prized digital currency HOT offered users the advantage of fixed money at no inflationary cost. Holo focuses entirely on providing the users the benefits of efficient data transfer that would make their transactions fast and flawless, thereby justifying its paradigm role in the Internet-of-things eco-space. Holochain application allows network participants to own their own data. It gained enough popularity among app creators and several companies because of its practicality and convenient nature.

Holochain: Technical Analysis 

HOT crypto has made it a front-runner in next-gen club solutions. This avantgarde technology has become successful in breaking free from the conventional methodologies of transaction in the market. HOT, the native token traded on various exchanges by millions of users worldwide, is yet to position itself in the mainframe of investment-worthy currencies.

Trading in bull markets is always easy so many of them invest in it, but also should make sure about the strategies. Also, before including Holo in the investment portfolio, one should always have done technical analysis and research. Holochain technology perfectly works on social networks and internet users. It can also be used to do transactions in supply chains.

The inertia that initially played for project Holochain at the beginning of the project is no more there as the token has gained customer trust, bringing profit for investors and traders. A frequently and keenly observed trait of HOT price history is that it has shown the most erratic and fluctuating behavior.

Several price variations attested to the rise of the Holo HOT launch. Since the beginning of 2021, the Holo coin has been trading with a bullish momentum and bull run. After mid-February, the currency started trading with significant positive momentum and marked a drastic price action. In last April, the HOT crypto price has registered a new all-time high at $0.03157 and the market cap hit close to $300 million for the first time. The average price was $0.007 by the end of 2021.

However, after that, the Holo coin experienced massive correction and plunged to the $0.004 in last July. Then, the cryptocurrency price of Holo regained the high of $0.013 but it not remained steady above this price level and exchange rate plummeted to $0.007.

However, after that, it regained lost momentum and retested the $0.015 mark. After hitting $0.015, the HOT crypto marked continual decline till date but it managed to stay above its crucial support level of $0.045. Currently, the Holo coin price is trading around $0.058. As per the price forecast for the upcoming week, it is predicted to regain its lost momentum. Currently, the resistance level is 0.006367 and support level is 0.0052.

OSCILLATORS

Name Value Action
RSI (14) 38 Oversold
MACD (12, 26) -0.00012 Oversold
WPR (14) -70.30 Neutral
ADX (14) 28 Neutral

Moving Averages

Name Value Action
EMA (20) 0.005872 Bearish
SMA (20) 0.005872 Bearish
EMA (50) 0.006056 Bearish
SMA (50) 0.006123 Bearish

Holochain Price Predictions: Taking an Expert Helpline

Currently, the price of Holo stands at $0.0044 with a market capitalization of $771,477,682 and a trading volume of $54,148,927, the market cap of the coin was quick, hitting a third of one billion dollars. Even though it is a late entrant in the market, it has a crypto asset nomenclature. The experts are quite optimistic for Holo price prediction, which are as follows: