Price Analysis

Holo (HOT) Price Review: HOLO’s Market on a Balanced Expansion with Stable Price Values

HOLO is a multipurpose decentralized platform whose primary objective includes the creation of hosting space for social applications. These applications will be based on cloud computing and will be hosted outside the centralized internet through peer to peer architecture. This platform lets the users host in various distributed applications on their computers without any hardware requirements and compensates the users with the revenue in the form of hosting prices that are chosen by the customers. HOLO’s benefits include central framework infrastructure where every node from a system of blockchains operates on its separate blockchain, Distributed Hash Table (DHT) to verify data, secure transactions with double-entry accounting entries and PoS consensus algorithm that generates an invoice for the offered services.

Current Market

HoloHOLO has a market capitalization of USD 171,825,632, and each token can be purchased for 0.001290 USD on April 10 at 16:04 UTC. Based on the stats, HOLO is the 40th largest cryptocurrency in the market and has a circulating supply of 133,214,575,156 HOT coins out of a total supply of 177,619,433,541 HOT. The 24-hour pricing movement indicates that $8,582,455 worth of HOT was trading. The return on investment is estimated by Coinmarketcap to be 76.58%.

HOLO’S Market Trend

The market capitalization of HOLO traded at USD 144 million for 0.001085 USD until mid of March 2019. The values surged to a high of USD 175,779,760 on March 16 at 16:04 UTC with an increase of 22.07%. The values dipped after that and had been range bound. The second wave of escalation in values was between April 02 and 04, with the MCAP values and trading price increasing from USD 153,958,468 and 0.001156 USD to USD 175,097,714 and 0.001314 USD. The average rise in the market was calculated to be 13.7%. The overall market has been stable and in sync with the peak price.

Price Estimations for HOT

HOLO’s current market shows progress for growing price values in the future. Crypto enthusiasts estimate the price values to increase by 22.48% by the end of 2019 with the price values reaching 0.00158 USD and further increase up to 0.00263 by 2024. Technical analysts and crypto advisors believe that HOLO has a long term profitable investment. There are estimations for the currency’s price to increase to 0.0038 USD by the end of 2022 and later by 2024, the coin could be purchased at 0.00684 USD per token.

Conclusion

HOLO is currently in favor of the buyers both long term and short. As per predictions, HOT’s market poses to be a long term profitable investment. The gradual and continual increase in market trend is in support of the price escalations in the future.

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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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