The Holo crypto token has been in recovery mode recently. HOT has risen by a third in 10 days, and investors will be hoping it can continue its upward momentum.
The crypto has had a tough two years or so after a largely positive 2021, so people will be hoping it can return to trading above the cent.
Holo did not immediately respond to a request for comment.
But what is Holo (HOT)? How does Holo work? Let’s see what we can find out, and also take a look at some of the Holo Price Predictions that were being made as of October 19, 2023.
Let’s examine some of the Holo price predictions being made on October 19, 2023. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.
First, CoinCodex had a short-term Holo price prediction which said the crypto would fall to $0.001269 by October 23 before recovering to $0.001388 on November 17. The site’s technical analysis was bearish, with 20 indicators making downbeat signals and 13 making bullish ones.
Moving on, DigitalCoinPrice’s Holo price forecast had it trade at $0.00431 in 2025. CaptainAltCoin said it would reach $0.0027 that year. PricePrediction.net thought HOT would be worth $0.003 in two years time.
Looking at a more long-term Holo price prediction, DigitalCoinPrice said it would reach $0.013 in 2030. CaptainAltCoin said it would get to $0.0067 that year. PricePrediction.net’s HOT price prediction had its trade at $0.022 at the start of the next decade.
Now, let’s examine some of the highlights and lowlights of the Holo price history . While we should never take past performance as an indicator of future results, knowing what the token has achieved can provide us with some very useful context if we want to make or interpret a Holo price prediction.
HOT first came onto the open market in May 2018, when it was worth a little over $0.001. It pretty much hovered around that level until early 2021. It was at that time that the market exploded and Holo climbed to an all-time high of $0.03157 on April 5. The token then dropped across the course of the year, falling below the cent in early December and closing 2021 at $0.007334.
2022 was a poor year for crypto and HOT was badly hit. A series of market crashes triggered by the collapses of the Terra (LUNA) blockchain and the FTX (FTT) exchange left it reeling. Holo closed 2022 down 80% year-on-year at $0.001424.
HOT has gone up, down, and back up again in 2023. The year started well, and it traded above $0.002 at various points in January, February and April. A downturn was exacerbated by June’s news that the United States Securities and Exchange Commission (SEC) was suing the Binance and Coinbase exchanges. HOT fell to $0.001157 on June 10 before making a recovery to $0.001472 on June 25.
It was back down from there, though, culminating in a low of $0.0009734 on October 9. Since then, there has been something of a recovery. On October 19 2023, HOT was worth about $0.00129.
At that time, there were 172.1 billion HOT in circulation out of a total supply of 177.6 billion. This gave the token a market cap of around $221 million, making it the 109th-largest crypto by that metric.
HOT has climbed nearly 33% in the last 10 days. It is also up 10% from its June low. However, Holo has fallen by nearly 10% since the start of the year.
It is difficult to say. The crypto has climbed up recently, but it may have been that it was previously oversold. In a very long-term view, HOT is not that far off where it was when it was launched more than five years ago. It remains to be seen whether or not it can enjoy another bull run.
As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in HOT.
No one can really tell right now. While the Holo crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up.
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 coins and tokens such as Synthetix (SNX) or The Graph (GRT). Either way, you will also need to make sure that you never invest more money than you can afford to lose.
The Holochain is a platform, based on Ethereum (ETH), which is 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 the people who operate it. People can also buy, sell, and trade HOT on exchanges.
On October 19 2023, there were 172.1 billion HOT in circulation out of a total supply of 177.6 billion. It could do, but not for some time yet. PricePrediction.net said Holo would break the cent in 2028, while DigitalCoinPrice saw it happening in 2030. CaptainAltCoin thought it would get to $0.01 by 2040. It is important to remember that HOT has not traded above the cent since December 2021. HOT helps power the Holochain network. People can also buy, sell, and trade the token on exchanges.
How many Holo are there?
Will Holo reach $0.01?
What is Holo used for?
On October 19 2023, there were 172.1 billion HOT in circulation out of a total supply of 177.6 billion.
It could do, but not for some time yet. PricePrediction.net said Holo would break the cent in 2028, while DigitalCoinPrice saw it happening in 2030. CaptainAltCoin thought it would get to $0.01 by 2040.
It is important to remember that HOT has not traded above the cent since December 2021.
HOT helps power the Holochain network. People can also buy, sell, and trade the token on exchanges.
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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.