HOLO (HOT) Price Prediction 2023: Holochain Perspectives

HOLO (HOT) Price Prediction 2023: Holochain Perspectives

There are technologies that claim to be advanced or better versions of the blockchain. HOLO is not a blockchain, as its developers say. Then what is its essence and what are the prospects of the HOT token price? Is it time to invest in the hope of a new high?

What is HOLO (HOT)?

The HOLO developers argue the creation of their project as follows. Internet practices are based primarily on a centralized model, when a corporation owns data and manages technologies alone. Creators believe that collective intelligence helps to coordinate business and issues using the network called Holochain (so-called “un-enclosable carrier”). This will contribute to the Internet decentralization.

holo immunity

In the team’s opinion, the miners’ activity has caused undergoing centralization of the blockchain. 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 protects against malware, etc. HOLO is like a “bridge” between the community of distributed applications (Holochain) and the current centralized system.

In HOLO, there is a digital token entitled HOT. ICO (Initial Coin Offering) of HOLO was held from March 29 to April 28, 2018. The official website of the project, says that a total of 33,200 ETH were collected and 133,214,575,156 HOTs were minted.

The HOLO team includes:

  • David Meister (Holochain Core)
  • Arthur Brock (Chief Architect)
  • Celestial Hanley (UX/UI)
  • Carmelo Piccione (Developer)
  • Damien Doute (Software Engineer)
  • Dan Quinton (a person responsible for partnerships)

The creators have explained intelligibly the features of their blockchain (more precisely “holochain”, since it is contrasted with the “imperfect” blockchain):

How Much Will HOLO Cost in 2023?

This cryptocurrency is highly resistant to market shocks, but some dependency exists. Naturally, the formation of the HOT token rate cannot occur outside of market trends. It is necessary to take this into account when forming an investment and trading strategy. However, in 2021, HOLO has attracted quite a lot of trading volume, which indicates a high demand for it.

The main goal for 2023 is to reach the highs of 2021. But is it within the power of a coin? Resuming growth may be more difficult, but not impossible.

The fall of 2022 fell into a flat, in which assets were accumulated. Removal of liquidity under the lower border of the price zone was a logical consequence of market conjuncture. The price range below $0.0017 has become a good place to build a long-term spot wallet. We consider futures trades as possible only if you use x2 leverage.

holo price prediction

In order not to fall into a bull trap, we recommend taking restrained growth targets as a basis. These are the marks of 0.037 and 0.071 dollars per coin. Achievement of the first is explained by the fact that after the fall there is a good redemption with the liquidation of short positions above the upper zone of long-term accumulation. The logic of movement is explained by the presence of imbalance and the need to test the mirror level.

During the filling of the investment portfolio, you should not count on the rapid achievement of the previous maximum. We suggest keeping an eye on the resistance in the 0.0713 area. This is a personal price that will give a big profit to those who enter the trade in time. Only a confident break through it will allow you to think about trying to regain former price positions.

Holo (HOT) Price Prediction: Fundamental Factors

Let’s analyze some factors that can affect HOT’s value.

Favorable ones:

  • HOT token is available on Binance, one of the world’s top crypto exchanges with high trading activity.
  • The uniqueness of the technology: DHT (Distributed Hash Table) instead of PoS and PoW.
  • New listings are waiting for the currency; this will positively influence the rate.
  • The creators positioning themselves as adherents of the BUIDL idea (technology development).
  •   The use of popular languages Javascript and Lisp, which greatly simplifies the development of decentralized applications.

Unfavorable ones:

  • 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 the price for HOLO will gradually increase.

Globally, users are very bullish. On Twitter, we found an interesting speculation about the long-term (2023-2024) outlook for Holo (HOT):

holo price prediction

Holochain News

The project team had a busy schedule – at the end of 2022, many meetings and seminars were held with their participation in London and New York. This contributed to the renewed interest in this cryptocurrency and increased the investment attractiveness of the HOT coin.

The team plans to complete the implementation of the verification and identification system. This should make the concept interesting for the government (the intention to cooperate with which was announced some time ago).

Unfortunately, HOLO has a thorn in its side. The section with announcements on the project website is rarely updated. If the entire team is involved in improving the holochain, is it possible to at least temporarily hire an employee who will promptly notify the public community about tasks and achievements?

Disclaimer: This price prediction is our estimate. Always check the facts yourself and assess the situation comprehensively before investing in a particular crypto project.

HOLO (HOT) Price Prediction 2023: Holochain Perspectives
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