Amidst the ongoing bear market which is currently seeing greens, a few of the cryptocurrencies are performing well. With over 27 percent gains and surging in the BTC as well as ETH market by over 21 percent, this cryptocurrency is definitely “HOT” right now.
Riding the Bulls
The top cryptocurrencies are down 80 to 90 percent from their all-time highs (ATH) and the crypto space is in a deep bear market. However, there is one cryptocurrency which is enjoying the bulls.
Holo is that cryptocurrency which has been on an upward movement for a week now. The 32 largest cryptocurrency by market cap of $176 million as per the data provided by Coinmarketcap.
A few days back, with its price change, Holo took the 13th spot on Coinmarketcap which is a great feat for this coin. The past week has been a pretty good one for the Holo and over the past few days, the cryptocurrency has been going through a healthy rally.
At the time of writing, Holo has been trading at $0.0013 with 24-hours gains of 27.62 percent. In the BTC market, it is up by over 26 percent and in the ETH market as well, it is surging by more than 26 percent.
Holo price chart, Source: Coinmarketcap
Reaching to Make New Highs
Though in the past few days, after a surge the market got a setback as the prices dropped. However, in the last couple of days, the digital asset rebounded and has been rising strongly ever since. This makes Holo particularly “HOT” among the speculators.
A distributed peer-to-peer hosting platform for Holochain apps (hApps), Holo is a bridge to the new Internet. Holochain aims to empower the world by providing a decentralized platform on which applications can be built. Now, Holo which is powered by Holochain is its first large-scale use.
This cryptocurrency is making a lot of noise on social media as well. Holo enthusiasts believe “HOT” and the underlying technology holochain will surely be the future of the crypto market in peer-to-peer space.
Though the current market condition shows an upward momentum in the near future, there is no guarantee as to where the price would go. The fact that the gains haven’t been wiped out as easily as usually happens in the market, Holo is very close to touching a new peak as another 50 percent surge and a new all-time high (ATH) will be achieved. “HOT” seems to have an interesting and anticipating week ahead of itself, for sure.
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Having a background in writing, I worked on a wide array of industry topics and have recently entered the world of Blockchain and Cryptocurrency.