Price Analysis

Holo (HOT) Price Analysis: Holo can be the ‘Best Buy’ Option for Long Term Investment

Holochain (HOT) is a peer-to-peer based platform dealing with agent-centric agreements between the users. The whole platform backed by blockchain technology is decentralized and provides complete privacy and anonymity. As per the current convention, each stakeholder on this platform maintains a unique fork, and it is stored in a different way with limitations on the public blockchain with a distributed hash table. On Holo ecosystem, hosts provide processing and storage for distributed applications, and the dApps can be created with JavaScript or Lisp, with support for front-end systems using CSS, HTML, and JavaScript.

Current Statistics-

Holo

  • Holochain (HOT) is the 40th largest crypto coin in the global market.
  • Its ROI (Return on Investment) stands at 72.21 %.
  • The total coins in current supply stand at 133,214,575,156 HOT.
  • The market cap as on 27th April at 02:14 is 168,480,726 USD.
  • The value of each coin stands at 0.001265 USD and 0.00000024 BTC.
  • The 24 h volume at the same UTC stands at 9,795,004 USD.

Comparison-

Holo has grown pretty well in comparison with other major crypto players. It has shown many abrupt growths in the 1st two months itself. However, since then the value is constant. In the month of February, the coin has gone through inconsistent phases. But due to a price correction, for the last 8 days, the value is under little pressure. The market cap on 27th March was 149,052,091 USD, and the value of each coin stood at 0.001119 USD and 0.00000028 BTC. The current market cap is 13.03 % more than the market cap of the past month. And the value in USD has inflated by 13.04 % in the last 30 days.

Prediction-

The unpredictability on the value of Holochain coin has never gone away completely. The coin is now being traded around 0.001 USD, and we predict the value to fall further. But it is a part of the price correction. Soon, the coin will gain momentum and rise with a target of 0.0015 USD. After the resistance, the coin may fall into the up and down triangle. By the end of 2019, the value of each coin must be at 0.015 USD. And the 2020 Long term prediction goes with 0.5 USD. There are some possible external factors which may push the value to the highest level.

Conclusion-

We advise the short term investors to be aware of the smallest possible change in the price. The purchase at the right price will leave them with much profit. The long term and medium term holders will have to keep patience by holding investments without panicking.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.
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