Holochain, as the next-gen decentralized hosting ecosystem is one of the most promising projects in the past few years. Here, with this article, we will talk about Holochain price prediction for the last four months of this year (2019) and for the next year (2020). While its price action might still be dependent on various factors such as BTC’s price movement on the crypto market, but there are good potentials that one day Holochain can climb up the ranking of crypto market cap. Let’s analyze Holochain further.
Why Holochain And Not Blockchain?
Holochain made a claim that the network is different from blockchain system. If you look at the official website, holochain.org, their motto is literally “think outside the blocks” which indicates that Holochain team sees the project as something that’s more evolutionary than blockchain system itself. We have discussed this issue in our previous article. Basically, with Holo, there are several factors to make everything secure and tamper-proof. Holochain network uses a hashing technique, digital signatures, and DHT (distributed hash table).
With the combination of all these three factors, Holochain team believes it will be almost impossible for an attacker to falsify any data that moves in the network. Moreover, Holochain is far more efficient than traditional blockchain networks when it comes to verifying transactions because Holo agents analyze accounts and not the coins. It’s basically a crypto-accounting platform as they call it.
Holochain Token (HOT) And Holo Fuel
Also, as mentioned in our previous article, Holochain token is interchangeable with Holo Fuel. Holochain Token (HOT) is an ERC20 token, and you can swap it to Holo Fuel in order to use it. You can, of course, swap Holo Fuel back to Holochain Token whenever you want to trade it on crypto exchange. The core team of Holochain understands the importance of having a liquid token in order to ease adoption by crypto traders and enthusiasts. That’s why they believe it’s critical for people to have the ability to trade Holochain token in a more traditional way on crypto exchanges.
Holochain Token (HOT) Price On Today’s Cryptocurrency Exchanges
As usual, we use coinmarketcap.com as our reference for price prediction. Holochain Token (HOT) is currently trading at around $0.000824. Holochain token can be traded on Binance, CoinEx, LAToken, BKEX, MXC, and many other cryptocurrency exchanges. The volume is decent enough, it has around $6.7 million daily trading volume. Currently, HOT is one of the top 60 altcoins in terms of market capitalization. Many people believe HOT has strong future due to its unique approach to distributed ledger technology and cryptocurrency world.
Holochain Price Prediction For 2019 And 2020
2019 is only five months away, but it does not mean price won’t really change from the current price point. It’s possible Holochain will go up significantly before the end of the year. It’s very likely that Holochain’s movement against both USD and BTC will be affected by how most other altcoins behave in the market. This year there were few exceptions when it comes to the market movement against BTC. Majority of altcoins (especially this quarter) has not been doing very well against BTC even though BTC itself has been trading in a range around $10,000 for a while.
Even though Holochain was pumped independently in the beginning of this year, but it does not mean it will have that same momentum again (even though we should not rule out that possibility). Holochain has the potential to go up a lot if altseason arrives like in the last quarter of 2017 and the beginning of 2018. There is a good possibility Holochain can enter the top 20 crypto rankings on CoinMarketcap before the end of next year.
Switchain is an instant non custodial cryptocurrency exchange. Our user user-friendly platform makes trading crypto easy and fast. We work with different cryptocurrency trading partners to guarantee the best cryptocurrency rates to our clients.
You might also be interested in: