HOT (Holo) Token Analysis 05/04/2021Fundamentals:
Holo is a peer-to-peer distributed platform for hosting decentralized applications built using Holochain, a framework for developing DApps that does not require the use of blockchain technology. The goal of Holo is to serve as a bridge between the broader internet and apps built using Holochain, offering an ecosystem and marketplace in which DApps are easily accessible, as they are hosted on the internet by Holo network participants.
The Holo network will be facilitated using a token called HoloFuel, which is actively being tested and will act as an accounting system to pay hosts for their services. In 2018, the project minted an ERC-20 token, HOT — also known as HoloToken — as an "IOU" that will be redeemable for HoloFuel upon launch.
Holo is still in development and is expected to launch for open alpha and beta testing by 2021.
According to its "green paper," Holo is designed to act as a bridge between Holochain, which represents the world of crypto technology, and everyday users. The project highlights several innovations that it says will "enable a large shift in the landscape of crypto applications and currencies," including the ability to host P2P apps on the internet for mainstream users.
The Holo network relies on a series of hosts that provide storage and processing power for DApps built using Holochain. Hosts either install software on their computer that runs in the background and automatically allocates extra processing power to Holochain-based DApps, or they operate a dedicated machine such as a HoloPort. In exchange, hosts are paid in HoloFuel, a token that is specifically designed for microtransactions. The design of HoloFuel is expected to allow the Holo network to process billions of simultaneous transactions.
The project's business plan centers on building a P2P ecosystem of hosts and applications, comparing its intended effect on app hosting to that of Uber and Airbnb on the taxi and hotel industries, respectively. Holo charges a fee on HoloFuel transactions, so its revenue model is directly tied to growing the number of applications and hosts on the Networks
The Holo network acts as a bridge between the centralized internet and Holochain, which does not rely on traditional blockchain technology. As such, it does not rely on global consensus to secure its networks. Rather, each DApp has its own set of validation rules and a local hash chain on which it can store cryptographically signed records. When data is transmitted across multiple nodes, random peers act as validators, receiving data and verifying that it follows the correct rules. Validators use a gossip protocol to share good data among one another and warn of bad data or blacklist bad actors.
According to its development team, Holo is designed to be as decentralized as possible in order to reduce the risks associated with giving any one entity too much power. The connection between hosts and applications is end-to-end encrypted, and Holo uses a globally distributed network of servers.
Holo held an "initial community offering" from March 2018 through April 2018. Ultimately, 177.6 billion HOT was minted through a demand-determined process, with 133.2 billion HOT (75%) allocated for public sale and 44.4 billion HOT (25%) reserved for the team and company. Team tokens were not subject to vesting or lock-up periods.
Once HoloFuel is launched, HOT tokens will be able to be swapped at a one-to-one ratio for HoloFuel tokens. In January 2019, Holo stated that instead of being immediately burned, the swapped HOT will instead be kept as a reserve currency to provide liquidity to HoloFuel holders.
HoloFuel will have no supply limit. Rather, it is designed to be dynamic and incorporate a credit system, allowing users to have negative balances. The supply will be controlled algorithmically, contracting and expanding in response to demand and as the relationships between users with negative and positive balances change. Holo intends for this to cause the price of its tokens to remain relatively stable from moment to moment, rather than be subject to wild, speculative price swings.
The live Holo price today is $0.028641 USD with a 24-hour trading volume of $2,286,592,015 USD. Holo is up 18.49% in the last 24 hours. The current CoinMarketCap ranking is #28, with a live market cap of $4,845,112,709 USD. It has a circulating supply of 169,164,199,065 HOT coins and the max. supply is not available.
The top exchanges for trading in Holo are currently Binance, HitBTC, Paribu, Gate.io, and Bitrue.
HOT can be purchased on cryptocurrency exchanges such as Binance, Bitrue, ProBit Exchange and MXC.COM, among others. It can be traded on spot markets against fiat currencies such as the U.S. dollar and the euro, cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) and the stablecoin Tether (USDT).
Are you interested in buying HOT or other cryptocurrencies such as Bitcoin? CoinMarketCap has a simple, step-by-step guide to teach you all about crypto and how to buy your first coins.
Holo was founded by Arthur Brock and Eric Harris-Braun, both of whom are experienced contract coders. The two first started working on the project in December 2016 as a part of the MetaCurrency Project, a developer of tools and technology designed to power a future P2P economy. Holo was partially modeled after Ceptr, a cooperative P2P framework for DApps that the two had previously worked on.
Brock has prior experience coding alternative currency systems as the founder of Geek Gene, a company that developed community-building tools, including more than 100 alternative currency solutions. He also co-founded social-enterprise incubator Emerging Leader Labs and founded open-source education "starter kit" Agile Learning Centers. In March 2019, Brock was named a fellow of the New Zealand-based Edmond Hillary Fellowship.
Harris-Braun started programming full time in 1988 and is the founder of Glass Bead Software, a developer of peer-to-peer communication software, as well as co-founder of Emerging Leader Labs alongside Brock. In 2003, he co-founded Harris-Braun Enterprises, a freelance software development and consulting firm. He has also served on the advisory board of the Schumacher Center For New Economics.
Technical Analysis:
as you can see the price has done its accumulation phase and now started its up move
MACD is very Open to have more Bullish wave
there are total of 4 Targets defined by Fibonacci Projection of the initial impulsive wave.
the 2 TP gets its confirmation as soon as the price Triggers the 1 TP.
rest Targets are on the line to go with some Price Correction and Retracements along the way to the Top Targets
this position may take few months but it is worth of investments
HOTUSD
#HOTUSDT Finds Double Bounce for Potential Upside💎Based on our analysis of #HOTUSDT, we have observed a strong bounce off the 227.2% Fibonacci retracement level, which has been tested and respected twice. This indicates a positive short-term outlook for #HOT, with the price likely to approach key resistance levels.
💎The first notable resistance is found at the previous supply/demand zone around $0.0018, while the second and more significant resistance is located at $0.0020. The importance of this second resistance is reinforced by the VolumeProfile and 61.8% Fibonacci retracement levels, suggesting it could play a crucial role in shaping future price movements.
💎However, it is essential to closely monitor the recent support level, as a break below could attract additional selling pressure. Stay attentive to potential developments in this market.
long setup for hotHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the HOT symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Do you believe in cycles?Holochain was a great investment in the previous cycle as it ran against ETH more than 10 times.
I think if you're looking to increase your ETH position then accumulating Holochain would be an amazing strategy. In the previous cycle you can see the amount of time it took for the HOT/ETH pair to bottom out and took roughly 7 weeks to complete its bullrun.
If this is supposed to happen again then time wise we are approaching the area that it should.
Sadly this is a speculative play but when I look at the tokenomics behind HOT I can see that all tokens are in circulation, meaning there are no unlocks left and there is no staking as the FDV is equivalent to its Market Cap.
I am accumulating as the risk to reward for now is in my favour.
Have a great week folks.
Holo BUY NOW TP 4%The price of Holo (HOT) is $0.002165108177 today with a 24-hour trading volume of $21,390,093. This represents a -1.7695617555449885% price decline in the last 24 hours and a 1.841275173440036% price increase in the past 7 days. With a circulating supply of 180 Billion HOT, Holo is valued at a market cap of $384,305,085.
Holo (HOT) - June 2hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(HOTUSDT 1W Chart)
Anything below 0.002275 is likely to be a mid- to long-term investment area.
From a mid- to long-term point of view, it should rise above 0.004583 to continue the uptrend.
(1D chart)
In the short-term and medium-term perspective, it needs to move above 0.002715 to turn into an uptrend.
(buy)
- After confirming the support at 0.002715
(Stop Loss)
- When it falls below 0.002275
(Sell)
- When receiving resistance in the range 0.004583-0.006284
- When resistance is received in the range of 0.009011-0.012325
If it rises above 0.012325 and finds support, it is expected to surge.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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Trading opportunity for HOTUSDT HoloBased on technical factors there is a long position in :
📊 HOTUSDT Holo
🔵 Long Now 0.002538
🧯 Stop loss 0.002450
🏹 Target 1 0.002735
🏹 Target 2 0.003010
🏹 Target 3 0.003585
💸Capital : 1%
We hope it is profitable for you ❤️
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💡Don't miss the great buy opportunity in HOTUSDTTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.004835).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. HOTUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 0.005328
TP2= @ 0.005794
TP3= @ 0.006197
TP4= @ 0.006633
TP5= @ 0.007166
SL= Break below S2
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💡Don't miss the great buy opportunity in HOTUSDTTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.004835).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. HOTUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 0.005328
TP2= @ 0.005794
TP3= @ 0.006197
TP4= @ 0.006633
TP5= @ 0.007166
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Trading opportunity in HOTUSDT- Symmetrical Triangle PatternBased on technical factors (Symmetrical Triangle Pattern ) there is a long position in :
📊 HOTUSDT
🔵 Long Now 0.006575
🧯 Stop loss 0.006150
🏹 Target 1 0.007500
🏹 Target 2 0.008800
🏹 Target 3 0.009900
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
$HOLO is Very Hot, Here's My Trade Idea,Buy Zone & Targets $HOT Hey Traders,
Here's my trade Idea for $HOT #Holochain
Buy Zone Between $0.00435~$0.00408
OR Buy with a stoplimit Order at $0.0049
StopLoss: 1 Day Close Below 0.003666
Targets Are:
$0.005656 ~ $0.005858
$0.006363 ~ $0.006565
I suggest using an OCO Buy order if you're using Binance.
NFA, DYOR, and Good luck.
Let Me know what do you think in the comment? press that like button to show support!
Remember, NEVER use more than 5% on any trade, and Always use a STOPLOSS.
HOT about to MAKE A BIG MOVE!Hello, I am back with an idea on HOTUSDT pair, time frame 1 day. HOT for an entire year has been following a descending triangle for an entire year now that has held a strong support in the area between 0.004-0.0045. This pattern very soon can trigger a big movement, either a reversal or a follow up to the downtrend. But at the moment, to me it looks as a good entry either way following the trade with a SL in the area below 0.004.
1st Scenario - it is usually the scenario I think has more chances of happening. Looking at the daily RSI, the pattern feels ready for a small breakout of the falling wedge leading to a near 100% (dependable on the entire market movement) as generally I see a small bullish trend near March for most coins(likely altcoins). This move could be followed by a 300% move from where we are now if it break the triangle. Always look for breakout areas out of the pattern.
2nd scenario- BTC is following up with my analysis which I expect one last drop. Due to that drop, a fakeout can happen and a wick can be see formed lower than the support. However I see HOT not going lower than 0.003, and if we lose that no lower than 0.002 and from there a consolidation could take place. And then HOT can enter the triangle again.
A reminder, follow the breakout areas in either sides, but most likely we will see a huge breakout or wick very soon as the volume indicates that too. If you have any comment, you are welcome.
Trade safe, trade smart, and always use SL during this time. :)