Price Analysis

Holo (HOT) Price Analysis: Holo (HOT) to Maintain the 200 million USD Benchmark of Market Capitalization in Order to Remain Amongst the Top 50

Holo (HOT) is a pragmatic compromise-a bridge for people to change towards greater and greater decentralization and autonomy. It is such a platform that enables fully functional decentralized applications to serve mainstream internet users and give the huge scalable crypto accounting infrastructure to host and manage these applications at such giant volumes of usage. It uses peer to peer networking for processing agent-centric agreement and its mechanisms between users. Also, in Holochain, no true agreement is maintained. Instead, each agent in the public blockchain maintains a private fork that is managed and stored in a limited way on the public blockchain with a distributed hash table.

HOT

Current Statistics:

ParticularsStatistics as on 5th April at 10:46 UTC time
Rank47
Market cap171,197,786 USD
Price (USD)0.001285
Price (BTC)0.00000026
24h volume10,539,968 USD
Circulating supply133,214,575,156 HOT
ROI (Return on Investment)74.99%

Data analysis and Interpretation:

It is important to note that Holo’s market capitalization has increased dramatically from 100 million USD to 200 million USD with achieving the peak price (USD) 0.001529 of the year 2019, on January 28, which had a market cap of more than 200 million USD. Then as per the above chart from Coinmarketcap, it is evident that the price and the market cap has come down the benchmark point maintaining almost a relaxed level between 100 million USD to 200 million USD. We see a resistance level of price (USD) 0.001409 since the end of February. Also, from the last 20 days, we notice a stable scale of, market cap and price (USD). While comparing, we see that today it is 15.95% lower than the peak price of the year until now.

Conclusion:

Holo (HOT) is predicted to be stable for the time to come or may increase at a stable, increasing rate. It should maintain the market cap level in order to be ranked amongst the top 50 cryptocurrencies.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.
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