There are technologies that proclaim themselves advanced or better versions of blockchain. HOLO is not a blockchain at all, as its developers say. What is its essence and what are the prospects of HOT token price?
What is HOLO (HOT)?
The developers of HOLO argue the creation of their project in the following way. Internet technologies are now based primarily on a centralized model, when a corporation owns data and manages technologies alone. The creators believe that with the help of collective intelligence it is possible to coordinate business and other issues using the network called Holochain (the so-called “un-enclosable carrier”). This will contribute to the decentralization of the Internet. At the same time, Holochain is not a blockchain, as, in the opinion of the HOLO team, blockchain has also been undergoing centralization due to the activity of the miners. Holochain also allows participants to communicate, bypassing centralized structures. For example, users can provide hosting services directly (P2P). The platform acts like a living organism with its systems, such as immunity, which acts against malware etc.
What is HOLO? It is like a “bridge” between the community of distributed applications (Holochain) and the current centralized network. In HOLO, there is a digital token called HOT.
ICO (Initial Coin Offering) of HOLO was held from March 29 to April 28, 2018. According to the information on the official website of the project, a total of 33,200 ETH were collected and 133,214,575,156 HOTs were minted.
The developers of the project have quite intelligibly explained the features of their blockchain (more precisely “holochain”, since it is contrasted with the “imperfect” blockchain):
The project’s team had a very busy schedule in the end of 2018. In October-November many meetings and seminars were held with their participation. These were seminars in Barcelona and Mexico City, and Holochain weeks in Pittsburgh, the Hackathon in New York. All this significantly affected the popularization of the crypto, blockchain technologies, and also worked to increase the investment attractiveness of HOT coin.
The main news of the last quarter of 2018 was to be testing network capabilities. However, the general public has not yet been informed whether it is realistic to process 100 million transactions per hour with the help of Holochain fuel. To this end, it is planned to attract 10,000 host devices with HOLO testnet.
The project team plans to begin implementation of the verification and identification system. This should make the network interesting for government structures (plans to cooperate with state have long been announced).
Unfortunately, we’ve found a thorn (though non-critical) in the side of HOLO. There is a section with announcements on the project’s website, but all of them are dated by the end of 2018. If the whole team is engaged in holochain perfection, is it possible at least temporarily to recruit an employee who will promptly notify the community about plans and achievements?
HOLO (HOT) Price Forecast
Let’s analyze some factors that can affect the price of HOT.
- HOT token is available on Binance, one of the world’s top crypto exchanges. It features high trading activity.
- The uniqueness of the technology used: DHT (Distributed Hash Table) instead of PoS and PoW.
- New listings are waiting for the currency; this will positively affect the price.
- The team members are positioning themselves as adherents of the BUIDL idea (technology development).
- The project has a very active community, it is one of the most searchable altcoins in Google. This is “the real deal”, according to some Reddit users.
- Even if Holochain is better than blockchain, it may take a long time for people to accept it.
- HOLO has competitors such as SONM and Dadi.
- The maximum number of tokens (total token supply) is not specified, which causes some uncertainty. On the website, you can see only initial token supply.
We believe that in the future the price for HOLO will gradually increase.
How Much Will HOLO Token Cost in 2019 and 2020?
This cryptocurrency is highly resistant to market shocks. But do not think that it does not depend on them. Naturally, the formation of the price of the HOT token cannot occur outside of market trends. However, in January 2019, HOLO attracted fairly large trading volumes. This suggests that the project is in demand.
The main objective of the year 2019 is to achieve a $0.0015 mark. Further growth may be more difficult, but quite possible.
See the table with the estimated forecast of the token’s price below.
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Disclaimer: This HOLO (HOT) price prediction is our estimate. Always check the facts yourself and assess the situation comprehensively before investing in a particular crypto project.
Sources of images: Pixabay.