Holochain (HOT) is a distributed computer network that performs better than blockchain technology. It’s faster and has infinite capacity to scale over peer-to-peer networks. Because of this, distributed applications are added on the one hand, and the Holochain network performance is not affected on the other. The HOT sign is the current unit of Holochain. There is no interference to the global consensus on this network and therefore it functions independently. The data only needs to be synchronized if this is requested or agreed by the users.
Current status of HOT
- HOT is currently trading at USD 0.001185 (05:04 UTC time).
- It ranks 32nd among the cryptocurrencies currently traded.
- The market capitalization has a value of USD 157,841,434.
- Currently, 33,214,575,156 HOT are distributed in the cryptosphere.
- Compared to yesterday’s price, the price of Holo has decreased by -0.22% and has recently been in a bearish trend.
HOT price analysis based on holo charts
Based on the graph above, it can be seen that the price of HOT is currently at a value of $ 0.001198 or 0.00000031 BTC (UTC time 05:12). The current market cap is currently trading at $ 159,529,105 with $ 11,653,332 as a 24-hour volume. The same graph shows that the price of HOT was $ 0.001468 a month ago. So if we consider these two price points with one month as the gap period, we can say that the value of HOT was put off by -18.39%.
Future price predictions from HOT
According to the cryptanalysts, the turnover from 5-year long-term investments in HOT can be + 39.26%. The cryptoanalysts also said that it is quite resilient to market shocks and that its price volatility is not large to materially affect investors. Hot has set a goal of hitting the $ 0.0015 mark in 2019 and further growth is not possible this year, at least. In 2020, the price of HOT may increase by $ 0.00244054. From these price predictions, it can be seen that despite the high volatility of cryptocurrencies, the value of HOT is not a major deterrent and will increase in the future, indicating a good return for investors.
Sum up
HOT cryptocurrency can be profitable for investors when investing in their business for the long term. In 2019, the growth of this crypto won’t be remarkably high, but after that it can grow higher and benefit traders and investors.
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