Will Holo Crypto ever hit $10?

The Holochain platform is absolutely unique because instead of the usual PoS and PoW technologies, it uses the DHT (Distributed Hash Table) algorithm. Using this algorithm allows you to make the Holochain network more scalable.

Holochain (HOT) is a decentralized web platform that uses peer-to- peer networking between users to process agent-centric agreement and consensus processes. Holochain technology can be used in different areas and that is what makes it such an amazing and unique platform. It works perfectly on social media platforms and also joint applications

For transactions between two people within the network, it is not necessary to receive confirmation from network participants and record it on the blockchain. They can create their own chain and make payments within it.

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Technical Analysis Since Inception

2018

Holochain came into the market over the ICO process that took place between March and April in 2018. Over $20 million was raised through this campaign and therefore, it was considered quite a success. Several price variations attested to the success of the Holo HOT launch.

As at the time of the ICO, the Holo token was valued at $0.0001. However a week after the launch, the value of the coin went up to $0.002 and the market cap of the coin was fast reaching one third of one billion dollars.

The Holochain price surprisingly plummeted immediately and until 2019 came, Holo price ranged between $0.0003-0.0006. Holochain, however, rose a bit and then remained steady on that level.

2019

January 2019 saw a slow start for the crypto. However in April 2020, the price increased a bit. In June Holochain broke its previous price records by reaching an All-Time-High.

The overall performance in the third quarter was not good as the Holochain’s price dropped slightly in three months. The value was clinging at $0.001 on July 1 that has dropped to the lowest level of $0.0007. The trend line of coin followed a steep path to $0.0006 by the end of December to finish with the 2019’s trade.

2020

In the middle of January 2020, cryptocurrencies experienced growth on another level and haven’t been through any kind of decline lately. The holo coin experienced its peak at $0.0021 and the market cap hit close to $300 million. The exchange rate plummeted once again to $0.0007 and the cap reduced by more than $100 million.

Having fallen from around $0.0006 in March 2020 to $0.0002, Holo returned to a steady bullish movement until August reaching around $0.0008. Since that point, Holo has been on a steady bearish descent and the price dropped to $0.0004 by mid-November.

Later the price steadily started to move up due to the expansion of Bitcoin’s price rally. At the end of 2020, Holochain was trading at $0.0005.

Holochain Price Prediction 2021

With a slight increase in its price, Holochain was trading at $0.0006 during the start of January 2021. On a bullish note, the price started to grow. The price might increase in the upcoming months as Holochain uses its own technology which is unique in the ecosystem. The price might hover between $0.0010 and $0.0015 until the end of November. By the end of 2021, Holochain might touch $0.00162.

HOT Price Prediction 2022

Holochain might continue the trade at $0.0016 by early January 2022. With certain variations in price and experts’ influence, it might reach $0.0019. It may focus on the new partnerships. By the end of 2022, HOT might trade at $0.0016.