Home / Analysis / Crypto / Price Predictions / Holo Price Prediction 2024: HOT Price Analysis

Holo Price Prediction 2024: HOT Price Analysis

Last Updated June 20, 2024 10:33 AM
Valdrin Tahiri
Last Updated June 20, 2024 10:33 AM
By Valdrin Tahiri
Verified by Peter Henn

Key Takeaways

  • Holo’s HOT ended 2023 well after a downtrend in the middle of the year.
  • The 2024 trend for HOLO has so far been bearish, resulting in a 25% decrease.
  • One Holo price prediction says that HOT can reach a high of $0.011 this year.

The Holo crypto token enjoyed a strong end to 2023. But, it has cooled off since and its performance over the last 12 months has been mostly neutral. HOT has been mired in a downtrend since its all-time high in 2021, so traders are hoping it can return above $0.01. On June 20, 2024, HOT was worth $0.0019.

Holo did not immediately respond to a request for comment.

Let’s now take a look at our own Holo price prediction. We’ll also examine the Holo price history, as well as explaining a little about what Holo is and what it does. 

Holo Price Prediction

Let’s examine some of the HOT price predictions made by CCN.com on June 20, 2024. It is crucial to bear in mind that price forecasts, particularly for volatile assets like cryptocurrencies, often turn out to be inaccurate.

Minimum HOT Price Prediction Average HOT Price Prediction Maximum HOT Price Prediction
2024 $0.0038 $0.0064 $0.011
2025 $0.0027 $0.0035 $0.0043
2030 $0.0075 $0.0092 $0.011

 

How Do We Make a Holo Price Prediction?

There are two methods used to come to our Holo price predictions. More specifically, fractals (mirroring movements and indicator readings) and the wave count are used. The average of the two methods is used for the “Average HOT Price Prediction”, the more bullish one is used for the maximum price prediction while the more bearish one for the minimum.

The first method is the fractal. 

In 2020, the HOT price broke out from a descending resistance trend line after 357 days. Then, it returned to its pre-breakout levels while the RSI fell below 50 (red circle). Then, after a period of consolidation, HOT began a rapid upward movement that led to the all-time high price.

In 2023, the HOT price did the exact same movement, but the trend line existed for 966 days instead. Currently, the RSI has fallen below 50 and the price has returned to its pre-breakout levels.

According to the fractal, we can assume the current movement is similar to that after the 2020 breakout but 2.7 times longer (966/357).

HOT Weekly Fractal
HOT Weekly Chart | Credit: Valdrin Tahiri/TradingView

Second Method

The second method is the wave count. According to the wave count, the long-term HOT trend is bearish. This is because the upward movement in 2020 (black) was a three wave structure, while the ensuing decline was a five-wave downward trend (white). 

Additionally, the 2024 increase is also a three-wave structure, aligning with this possibility. So, the wave count suggests the price will complete the C wave before beginning another downward movement. 

The decline since 2021 (green) is used to measure the slope of the movement.

HOT Wave Count Price Prediction
HOT Weekly Chart | Credit: Valdrin Tahiri/TradingView

However, where the predictions differ is after 2025. More precisely, the wave count predicts the HOT price will be in a bearish trend while the fractal suggests a new all-time high is likely instead.

As a result of this divergence, the average rate of increase of the past four years is used to make a prediction for the end of 2030. Since June 2020, HOT has increased by 237% in a 1,463-day period, leading to a rate of increase of 0.16% daily.

Holo 2030 Price Prediction
HOT/USDT Two-Week Chart | Credit: Valdrin Tahiri/TradingView

Projecting this rate of increase until the end of 2030 leads an upward movement of 391% and a high of $0.0092. This is used as the average price prediction, while the minimum and maximum values by adding and removing 20% to the predicted high.

Holo Price Prediction 2024

Both the fractal and the wave count imply the HOT price will increase by the end of the year. However, the wave count is much more bullish, predicting a high above $0.01. If reached, it will mark the first time since 2021 that HOT has moved above $0.01. While the fractal is less bullish, it still predicts an over 100% increase.

Holo Price Prediction 2025

According to the wave count, the HOT price will already be in a downward trend in 2025. Nevertheless, the preceding increase will mean that the price will still be higher than it is today. On the other hand, the fractal suggests HOT will be at the start of its explosive upward movement in the end of 2025.

Despite this drastic divergence in the future trend, the actual price at the end is similar in both methods, being between $0.0027 and $0.0043. Interestingly, both methods give higher price predictions for the end of 2025 when compared to the end of 2024.

Holo Price Prediction 2030

Since the wave count and fractal do not align for the prediction in 2030, the average rate of increase during the past four years determines this prediction. More specifically, the average price prediction for the end of 2030 is $0.0092.

HOT Price Analysis

The daily time frame HOT price chart shows an ongoing downward trend since the yearly high on March 13. This decline led to a low of $0.0016. While it initially seemed this will cause a breakdown from a horizontal support area, HOT started an upward movement and is in the process of reclaiming it.

Moreover, a bullish divergence in the daily MACD led to the upward movement (green). If the increase continues, the closest resistance is at $0.0025, created by a descending resistance trend line.

HOT Price Daily Time Frame
HOT/USDT Daily Chart | Credit: Valdrin Tahiri/TradingView

In order for the bullish long-term predictions for the rest of 2025 to transpire, HOT has to break out from this trend line, which will confirm the bullish trend. Then, an increase toward the yearly high will be at play.

Conversely, another daily close below the $0.018 support area will instead indicate the HOT price will correct further. However, this will not invalidate the long-term prediction.

HOT Price Performance Comparisons

Holo is considered part of the Storage category of cryptocurrencies, so other projects from the same category are selected to make a comparison. More specifically, the four cryptocurrencies closest to its market capitalization are chosen.

Current Price One Year Ago Price Change
AIOZ Network $0.532 $0.014 +3,669%
Ocean Protocol $0.676 $0.355 +105.9
Siacoin $0.0047 $0.0029 +73.4%
RSS3 $0.287 $0.112 +175
Holo $0.019 $0.013 +48.8

During the past year, Holo has performed worse than all the other coins in the comparison. The best performer is AIOZ, with a remarkable 3669% increase.

Holo Price History

HOT launched on April 30, 2018, and reached its all-time high on April 5, 2021. However, it has trended downward since. More specifically, it is almost 94% below its all-time high. The 2024 trend is also negative, showing a nearly 20% drop.

Holo Price Chart
HOLO Price Chart | Credit: Coingecko
Time period Holo price
One week ago (June 13, 2024) $0.00218
One month ago (May 20, 2024) $0.00225
Three months ago (March 20, 2024) $0.00301
One year ago (June 20, 2024) $0.000017
Five years ago (June 20, 2019) $0.00016
Launch price (April 30, 2018) $0.00041
All-time high (April 5, 2021) $0.0317
All-time low (March 13, 2020) $0.00022

Who Owns the Most HOLO?

As of June 20, 2024, the top five biggest Holo addresses  are as follows:

  • 0xf977814e90da44bfa03b6295a0616a897441acec. This wallet held 14.08% of the supply
  • 0xbe0eb53f46cd790cd13851d5eff43d12404d33e8. This wallet held 11.26% of the supply.
  • 0xa23cbcdfafd09de2ce793d0a08f51865885be3f5. This wallet held 6.52% of the supply. 
  • 0x9699120fd7befb7917cb459376a5b8fe2f45883e. This wallet held 4.48% of the supply.
  • 0x6554f8587d4d40e3e58f3fec7720270df96b314c. This wallet held 3.41% of the supply. 

Holo Supply and Distribution Fact Box

Supply and distribution Figures
Maximum supply 177,619,433,541
Circulating Supply (as of June 20, 2024) 177,619,433,541 (100% of the total supply)
Holder Distribution As of June 20, 2024, the top 10 holders own 47.44% of the total supply

From the Holo Whitepaper

Holo serves as a bridge  linking Holochain, an advanced decentralized computing technology, to everyday users. Specifically, it offers a cryptographic fabric that maintains data integrity across unlimited peers without requiring consensus. In turn, it enables immediate and efficient processing without proof-of-work, proof-of-stake, or energy-intensive mining.

Key Features

  • No Consensus Required: Immediate and efficient processing without proof-of-work or proof-of-stake.
  • Low Energy Consumption: Eliminates the need for energy-intensive mining.
  • Scalable and Efficient: Capable of running on low-power devices, enabling the creation of scalable, decentralized applications.

How Holo Works

Holo bridges mainstream internet users with decentralized Holochain applications by enabling hosting services through user-operated HoloPorts, where users earn HoloFuel for providing computing and storage power. This system eliminates the need for traditional mining and leverages a double-entry crypto-accounting system for efficient and scalable transactions.

Is Holo a Good Investment?

On one hand, the HOT price is well below its all-time high, meaning that any sort of retracement will present significant gains. However, the long-term price predictions for HOT are not decisively bullish. Additionally, other cryptocurrencies in the storage sector have performed better than HOLO.

As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in HOT.

Will Holo Go up or Down?

While the short-term HOT price prediction is bullish, at least until the end of the year, there is no consensus on the long-term HOT price prediction. It is important to note that cryptocurrencies are volatile assets and can move in either direction.

Should I invest in Holo?

Before you decide whether or not to invest in Holo, you will have to do your own research, not only on HOT, but on other similar coins and tokens such as Ocean Protocol (OCEAN) or AIOZ Network (AIOZ). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

Holo Attention Tracker

Holo (HOT) Google search volume | Credit: Google
Holo (HOT) Google Search Volume | Credit: Valdrin Tahiri/Google

Here is a chart for the Holo (HOT) Google search volume for the past 90 days. This represents how many times the term “Holo (HOT)” has been Googled over the previous 90 days. 

FAQs 

What is the HOT Token and How Many Are There?

HOT are ERC-20 tokens that serve as IOUs for HoloFuel, the native currency of the ecosystem. There are 177 billion tokens, all of them circulating.

Will Holo reach $0.01?

While long-term price predictions can prove to be innacurate, the wave count method used in our Holo prediction gives a price of $0.011 by the end of the year.

Where can I purchase and store HOT?

HOT tokens can be purchased on exchanges like Binance, Bitrue, and Hotbit. Then, they can be stored in Ethereum-compatible wallets such as MetaMask, Trust Wallet, or hardware wallets like Ledger and Trezor.

Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
Was this Article helpful? Yes No