Holo Price Overview
The current Holo price is EUR. The price has changed by EUR in the past 24 hours on trading volume of EUR. The market rank of Holo is based on a market capitalization of EUR. Holo has a circulating supply of . The highest recorded Holo price is EUR. And the lowest recorded HOT price is EUR.
Founded in 2016 by Arthur Brock and Eric Harris-Braun, Holo (HOT) is a cloud hosting market for distributed applications. The platform is powered by Holochain, an open-source peer-to-peer app framework that uses a mashup of technology which goes beyond blockchain. Users can create distributed apps with Holochain or get paid in cryptocurrencies for hosting them on the Holo network. Holo aims to move the hosting of sophisticated social applications from centralized data centers to consumer-grade devices at the edges of the internet.
HOT is an ERC-20 token which can be redeemed 1:1 for HoloFuel – a crypto accounting system for paying hosts which are backed by the distributed computation powering Holo applications. Since its launch in 2018, the price of HOT has seen some major changes, and if you want to know why then you’re in the right place. We’ve compiled everything you need to get a better understanding of Holo price – as well as the factors which influence it.
Holo price history
In April 2018, Holo held an initial community offering (ICO) in which three-quarters of the HOT supply was sold at a token price of $0.00015. By the start of May, HOT had hit the markets and was trading at about $0.0007. In the first few days, prices surged to about a fifth of a cent but had crashed down to below $0.0004 less than two months later. A slight resurgence around the start of September that year took prices towards $0.0015, but they dipped again in November and HOT ended 2018 with a value of $0.00046.
2019 began more positively, with HOT price more than tripling in January. Prices then consolidated for the next three months before managing a surge of almost 140% to over a quarter of a cent in May. HOT steadily declined for the rest of the year and was worth $0.0006 at the close of 2019.
HOT failed to achieve any significant change in January 2020 but then rallied for the first half of February. The trend was short-lived, however, and prices soon fell – bottoming out at $0.0002 following a crash of 46% on a single day in March. This signaled the start of a period of growth and HOT made steady gains for the next five months, reaching $0.00094 around the middle of August. Prices then fell over the course of the next month and consolidated for the rest of the year. HOT closed 2020 with a price of $0.00059, just slightly below the year’s opening price.
In February 2021, HOT began its most significant rally, and prices surged by 66% in a single day to reach the month’s peak of $0.00424. There was then even stronger growth in March which saw HOT make gains of almost 590%. March was also the month when Holo price reached $0.01 for the first time and the market cap of Holo surpassed $1 billion. The rally continued into April and HOT achieved its all-time high of $0.0316 on 5 April 2021, when Holo had a market cap of over $4.8 billion. Prices then fell sharply and a little over a month later HOT had dipped back down to $0.01.
Analyzing Holo Price History
HOT’s price history can be analyzed with many of the same techniques as stock market analysis. Technical analysis (TA) involves using various indicators while studying price charts in order to make sense of previous price movements. With HOT, as with many other tradable assets, large price swings are often accompanied by spikes in trading volume, as a large number of users buy or sell their coins on exchanges.
Fundamental analysis (FA), on the other hand, looks at the finances and activities of a company, as well as the state of the wider market and economy. Holo raised over $20 million in its ICO and its founders have extensive experience of coding and founding other successful companies, which could be a good sign for the project’s fundamentals.
Broader market trends have also played a role in HOT’s price history. Its surge in the first quarter of 2021 wasn’t unique – the entire crypto market pumped around this time. Bitcoin was in the midst of a major bull run then, and with such strong market dominance, any significant price movement for Bitcoin often impacts other cryptocurrencies.
HOT’s huge single-day drop in March came as economies and borders were closing down around the world in response to the COVID-19 pandemic. The effect of this was felt by the whole cryptocurrency sector and the entire stock market, which experienced the biggest single-day crash since 1987.
The overall price trend of HOT tends to follow what’s known as a boom-and-bust cycle. This is a pattern in which a period of growing excitement leads to a surge in price before doubt and disillusionment set in and result in a crash.
Factors Influencing The Price of Holo (HOT)
A variety of different things can affect the price of HOT, including project news and developments, the flow of assets on exchanges, public sentiment, and emerging trends in the wider crypto and global economies.
HOT was launched with a total supply of 177,619,433,541 HOT tokens, which can be redeemed 1:1 for HoloFuel. Rather than being burned immediately, any HOT that is swapped will be held as a reserve currency to provide liquidity to HoloFuel holders. While such HOT is being held, it will have effectively been removed from the circulating supply, putting upward pressure on the price of the coin.
As HOT was designed to be an IOU for HoloFuel, demand for HOT will likely be driven by the benefits of HoloFuel. HoloFuel represents a contractual service obligation and will primarily be used by Holochain application providers to pay Holo hosts for their services. This means that the growth of the Holochain ecosystem could potentially boost the price of the HOT token.
Holo’s adoption and performance compared with the rest of the market could also impact HOT’s price. For example, strong community engagement from Holo could have a positive effect on HOT’s value, while the success of other hosting services, like Sia, Storj, and Filecoin, could have a negative one.
Live Holo Value and Market Cap
The live price of HOT varies from moment to moment as it’s dictated by the balance of buyers and sellers on exchanges, which is in constant flux.
Like other cryptocurrencies, HOT is highly volatile, meaning its current price can change by a large amount in a very short space of time. The market cap of Holo is equal to the price of HOT multiplied by the number of HOT tokens in the circulating supply.
Holo Price FAQ
What Is the Highest Price of Holo in EUR?
Holo price history shows that HOT has recorded a peak value of EUR.
What Is the Lowest Price of Holo in EUR?
Kriptomat data confirms that EUR is the lowest recorded Holo value.
How Can I Buy Holo?
There’s no need to consult an expert to tell you how to buy Holo. It’s fast and easy to buy HOT at Kriptomat. Holo is available for immediate purchase at the current HOT price quote of EUR. Current prices are always displayed in the HOT chart.
What Is the Current Price of Holo in EUR?
Holo is available for immediate purchase at Kriptomat. The current price is EUR.
How is the price of HOT calculated?
HOT’s price at any given time is decided by the balance of supply and demand on exchanges. When more people are buying HOT tokens than selling them, the price goes up, and when more are selling than buying, the price goes down.
Why is the price of HOT different on different crypto exchanges?
HOT’s price is based purely on trading as there is no standard global HOT price, so no one knows what it is “supposed” to cost. The trading volume and liquidity are different for each exchange and those differences are what affect the price.
What will HOT be worth in the future?
It’s impossible to make price predictions with any kind of absolute certainty, as a whole host of different factors could play a role in determining the future value of Holo. However, broader adoption of Holochain would likely boost HOT’s price, while faster progress by Holo’s competitors could have the opposite effect.
The price of HOT has seen significant change, from starting out with a value of less than a tenth of a cent to reaching highs of over $0.03. Its price movements have rarely been smooth as HOT’s volatility has led to plenty of surges and crashes in its history.
Many different factors have played a role in determining the price of HOT, including the adoption of Holochain’s technology, the success of other hosting services, and trends in the rest of the crypto market and wider economy. Its current valuation is derived from the balance of supply and demand in the markets and constantly changes.
If you want to get started with the most user-friendly trading experience on the market, register with Kriptomat today to begin your journey into the world of Holo and cryptocurrencies!