Key Takeaways
The Holo crypto token enjoyed a strong end to 2023. But it cooled off since then, and its performance for most of 2024 was neutral despite an upturn later in the year. Meanwhile, HOT has been mired in a downtrend since its all-time high in 2021, so traders hope it can return above $0.01. On Nov. 28, 2024, HOT was worth about $0.00285.
Let’s now take a look at our own Holo price prediction. We’ll also examine the Holo price history and explain a little about what Holo is and what it does.
Let’s examine some of the HOT price predictions made by CCN on Nov. 28, 2024. It is crucial to remember that price forecasts, particularly for volatile assets like cryptocurrencies, often turn out to be inaccurate.
The predictions will be made using the wave count method. Then, 20% will be added and subtracted from the targets to create the minimum and maximum predictions.
Minimum HOT Price Prediction | Average HOT Price Prediction | Maximum HOT Price Prediction | |
---|---|---|---|
2025 | $0.0034 | $0.0043 | $0.0052 |
2026 | $0.0008 | $0.001 | $0.0012 |
2030 | $0.0075 | $0.0092 | $0.0109 |
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).
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.
According to Fibonacci levels, wave C can end at $0.0089 in March 2025.
Then, the HOT price can decline similarly to the one after the all-time high.
This projected decline leads to HOT price predictions of $0.0043 and $0.0010 for the end of 2025 and 2026, respectively.
Finally, we will use the rate of increase for the past four years to make a HOT price prediction for 2030.
Since November 2020, HOT has increased by 237% in a 1,463-day period, leading to a daily rate of increase of 0.16%.
Projecting this rate of increase until the end of 2030 leads to 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 add and remove 20% to the predicted high.
The wave count method gives a HOT price prediction range of $0.0034 to $0.0052 for the end of 2025.
The wave count method gives a HOT price prediction range of $0.0008 to $0.0012 for the end of 2026.
The average rate of increase for the past four years gives a HOT price prediction range between $ and $ for the end of 2030, the average price prediction for the end of 2030 is $0.0075 to $0.0109.
The daily time frame HOT chart is bullish. It shows that HOT has broken out from a horizontal resistance at $0.0026. Except for a brief deviation in March 2024, the resistance area has stood since 2022.
Technical indicators support the increase. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are both increasing. Also, they are above their bullish thresholds at 50 and 0, respectively.
So, the HOT price will likely increase toward the yearly high of $0.0052 and possibly go beyond.
The HOT price prediction for the next 24 hours is bullish. HOT is likely to increase gradually toward its yearly high of $0.0052.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Nov. 28, 2024, Holo’s ATR was 0.000274, suggesting relatively high volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Nov. 28, 2024, the Holo RSI was at 68, indicating very bullish, but not quite overbought, conditions.
The CCN Strength Index combines an array of advanced market signals to measure the strength of individual cryptocurrencies over the last 30 days.
Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.
The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.
However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.
On Nov. 28, 2024, Holo scored 57.4 on the CCN Index, suggesting strong momentum.
We looked at the Holo price history and found the best times to buy HOT.
Day of the Week | Friday |
Week | 18 |
Month | March |
Quarter | First |
Holo is considered part of the cryptocurrencies’ storage category, so other projects from the same category are selected for comparison.
Current Price | One Year Ago | Price Change | |
---|---|---|---|
AIOZ Network | $0.764 | $0.09565 | +698% |
Siacoin | $0.007 | $0.004531 | +54.4% |
Storj | $0.6055 | $0.7813 | -22.5 |
Holo | $0.00285 | $0.001584 | +79.9 |
Let’s look at some key dates in the Holo price history. While past performance is no indicator of future results, knowing what the crypto has done in the past can give us some much-needed context when it comes to either making or interpreting a HOT price prediction.
Time period | Holo price |
---|---|
One week ago (Nov. 21, 2024) | $0.002162 |
One month ago (Oct. 28, 2024) | $0.001645 |
Three months ago (Aug. 28, 2024) | $0.001823 |
One year ago (Nov. 28, 2023) | $0.001584 |
Five years ago (Nov. 28, 2019) | $0.0008472 |
Launch price (May 1, 2018) | $0.0007573 |
All-time high (April 5, 2021) | $0.03157 |
All-time low (March 13, 2020) | $0.0002189 |
Market capitalization, or market cap, is the sum of the total number of BTC in circulation multiplied by its price. On Nov. 28, 2024, Holo’s market cap was $500 million, making it the 151st-largest crypto by that metric.
On Nov. 28, 2024, a wallet linked to the Binance exchange held more than 20% of the HOT supply.
As of Nov. 28, 2024, the five wallets with the most Holo were:
Supply and distribution | Figures |
---|---|
Total supply | 177,619,433,541 |
Circulating Supply (as of Nov. 28, 2024) | 174,337,454,215 (98.51% of the total supply) |
Holder Distribution | The top 10 holders owned 46.36% of the supply as of Nov. 28, 2024 |
In its technical documentation, or whitepaper , Holo describes itself as a “generalized system for large-scale distributed coordination that does not rely on global consensus, explicating the problem instead through the lens of scaling consent”.
Holochain is a platform based on Ethereum (ETH) designed to host decentralized applications (DApps). Coders Arthur Brock and Eric Harris-Braun founded Holochain in 2017.
Holochain is supported by the Holo token, which is also known by the ticker handle HOT.
The Holochain uses distributed technology, which means that it is, ultimately, comprised of a series of computers working together. In other words, it is a peer-to-peer platform.
The Holo token pays for transactions on the platform and rewards its operators. Users can also buy, sell, and trade HOT on exchanges.
On one hand, the HOT price is well below its all-time high, meaning that any sort of retracement could 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 always with crypto, you should do your own research before deciding whether or not to invest in HOT.
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.
Before you decide whether or not to invest in Holo, you will have to do your own research, not only on HOT but also on similar coins and tokens such as Arweave (AR) or Filecoin (FIL). Either way, you must also ensure you never invest more money than you can afford to lose.
Technical analysis by Valdrin Tahiri.
HOT could, potentially, break through the cent barrier in 2030.
The HOT token pays for transactions on the Holo platform and rewards the people who operate it. People can also buy, sell, and trade it on exchanges.