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Holo Price Prediction: Will HOT Price Rally in 2021?

With Holo Host made public, how Holochain will fare? Will the price of HOT increase?

Holochain is a crypto ecosystem with the implementation of peer-to-peer networking which offers smart contracts. The platform users can own their own data, control their identity, and can transact without centralized systems.

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This guide aims to provide everything in depth from technical analysis to fundamental analysis to get an idea of Holochain price prediction and its  projected growth.

 By the end of this guide,  you will have a clear picture about how high HOT Price can reach. You will also know whether Holochain is a good investment or not.

Overview

  • Cryptocurrency: Holochain
  • Token: HOT
  • Market cap: $81,850,407 USD
  • Circulating supply: 166,622,505,030 HOT
  • All time high: $0.002538 USD (May 29, 2019)
  • All time low: $0.000219 USD (Mar 13, 2020)

What Is Holochain?  

The Holochain platform is absolutely unique because instead of the usual PoS and PoW technologies, it uses the DHT (Distributed Hash Table) algorithm. Using this algorithm allows you to make the Holochain network more scalable.

Holochain (HOT) is a decentralized web platform that uses peer-to- peer networking between users to process agent-centric agreement and consensus processes. Holochain technology can be used in different areas and that is what makes it such an amazing and unique platform. It works perfectly on social media platforms and also joint applications

For transactions between two people within the network, it is not necessary to receive confirmation from network participants and record it on the blockchain. They can create their own chain and make payments within it.

How Holochain is different from Blockchain?

BlockchainHolochain
Mining
Transactions
Participants mine
the transactions
Nodes run on
individual chains
Validation of
Transactions
Miners can
postpone
the transactions
Nodes process the
ledgers,
miners are not needed
Transactions per
second
Limited Scalability
and Transaction-
per-second
Limitless Scalability and
Transaction-per-second
Time of Launch20082018
Popular Crypto
projects
Bitcoin and EthereumHOT or Holochain coin

Technical Analysis Since Inception

2018

Holochain came into the market over the ICO process that took place between March and April in 2018. Over $20 million was raised through this campaign and therefore, it was considered quite a success. Several price variations attested to the success of the Holo HOT launch.

As at the time of the ICO, the Holo token was valued at $0.0001. However a week after the launch, the value of the coin went up to $0.002 and the market cap of the coin was fast reaching one third of one billion dollars.

The Holochain price surprisingly plummeted immediately and until 2019 came, Holo price ranged between $0.0003-0.0006. Holochain, however, rose a bit and then remained steady on that level.

2019

January 2019 saw a slow start for the crypto. However in April 2020, the price increased a bit. In June Holochain broke its previous price records by reaching an All-Time-High. 

The overall performance in the third quarter was not good as the Holochain’s price dropped slightly in three months. The value was clinging at $0.001 on July 1 that has dropped to the lowest level of $0.0007. The trend line of coin followed a steep path to $0.0006 by the end of December to finish with the 2019’s trade.

 2020

In the middle of January 2020, cryptocurrencies experienced a growth on another level and haven’t been through any kind of decline lately. The holo coin experienced its peak at $0.0021 and the market cap hit close to $300 million. The exchange rate plummeted once again to $0.0007 and the cap reduced by more than $100 million.

Having fallen from around $0.0006 in March 2020 to $0.0002, Holo returned to a steady bullish movement until August reaching around $0.0008. Since that point, Holo has been on a steady bearish descent and the price dropped to $0.0004 by mid-November.

Later the price steadily started to move up due to the expansion of Bitcoin’s price rally. At the end of 2020, Holochain was trading at $0.0005.

Holochain Price Prediction 2021

With a slight increase in its price, Holochain was trading at $0.0006 during the start of January 2021. On a bullish note, the price started to grow. The price increased several-fold hitting and breaking ATH’s multiple times in the month of March. The price hit Fresh ATH on April 3, 2021, at $0.0299. By the end of the year 2021, the prices may hit $0.7

HOT Price Prediction 2022

Holochain might continue the trade at $1 by early January 2022. With certain variations in price and experts’ influence it might reach $0.038. It may focus on the new partnerships. By the end of 2022, HOT might trade at $2.

HOT 5 Years Price Prediction

In 5 years, HOLO might grow in terms of adoption rate, partnerships, and developments. There is a wide scope that HOLO might succeed in the communication ecosystem. 

HOLO is a coin for the common internet user, hence the probability of it growing is much more as compared to the other cryptocurrencies. In a 5 years time frame, HOLO might reach $5

Holochain Market Prediction

Let us check some of the market predictions:

1) Wallet Investor

According to WalletInvestor, Holochain could hit $0.0013 by the end of 2021.

2) Digital Coin Price

Digital Coin Price has predicted HOLO price for the 7 years ahead, till 2026. They predicted that by the end of 2020, HOT might reach $0.00146 and in 2 years it might reach $0.00207. In 5 years, HOLO is predicted to reach $0.00293.The prediction looks pragmatic.

3) Coin Checkup

This particular site gives cryptocurrency predictions based on different criteria and situations. To be on the optimistic side, they believe that HOLO might reach $0.0298 and to be conservative they believe Holo might reach $0.0053.

4) TradingBeasts

According to TradingBeasts, HOT can descend to $0.0005 within a year.

Our Holochain Predictions

Holochain started its 2021 journey with a trading price of $0.0006. The team members and the developers are highly qualified and are quick adopters of the latest technologies like BUIDL idea, which makes it evident that HOLO might gain a significant following because of keeping up with the trends and technology.  At the end of 2021, Holchain might trade at $0.7 and could reach $3 in the near future. It is quite evident that companies with strong fundamentals always succeed.

FAQ

Can Holochain reach $1?

Yes, the coin can reach $1 but not in 2021 based on prediction.

Is Holo a good investment?

Yes, if you are looking to invest in Holo for the long term in the crypto market, then it has chances of being very profitable in the future.

What to expect from Holochain in the future?

If they gain enough popularity, the coin could become implemented by several companies and app creators because of its practicality and convenient nature.

Is Holochain an open source protocol?

Yes, Holochain is an open source protocol which uses peer to peer network.

Can Holochain be mined?

No, Holochain cannot be mined because nodes on Holochain don’t store and validate the entire Blockchain.

What is HoloFuel?

HoloFuel is a Holochain based currency that is a contractual obligation, redeemable for hosting.

What is the difference between Holochain and Holo?

Holochain is a data integrity engine in which transactions are immutable and users control their own identity.
Holo is a market place and distributed hosting platform that allows Holochain application developers to have their applications hosted by Holohosts.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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