Why Is Holochain (HOT) Price Jumping? Is It Too Late To Get In?

http://www.talkmarkets.com/symbol/hot-xOne of the most interesting crypto projects - Holochain, which goes by the symbol, HOT-X, had a HUGE day on Sunday. Its market cap rose by a massive 18% in 24 hours. With that, it’s time to talk about some HOT stuff! I’ll explain one possible reason why the price of Holochain increased dramatically on Sunday.

Holochain (HOT) Overview

Way back in April Crypto Briefing's chief code reviewer, Andre Cronje, took a look at Holochain’s code and couldn’t believe what he saw. At the time, he said, “This is something entirely new, and it isn’t a blockchain, this is a new kind of decentralized beast, but I love it.”

So if it isn’t a blockchain, what is it?

Well, Holochain is creating a scalable and computing platform. It’s built to allow distributed apps, or dApps, to function without the bottlenecks that affect current blockchains such as Ethereum.

There’s a big difference between a decentralized network, and a distributed one. The distributed route that Holochain is taking should - theoretically - remove the need for consensus and allow data integrity to be maintained between peers, instead of across the whole network.

This is important. It means that Holochain isn’t just aiming to be a dApp. It’s aiming to compete directly with the largest cloud computing players in the world, in a $130 billion market dominated by Microsoft, Amazon, and Google.

Crypto Briefing just completed a full, institutional-grade analysis of the token, the kind usually reserved for major Hedge Fund managers. But our DARE report is available at no cost on the Crypto briefing website.

At the beginning, I said there is some news that might be impacting the current price. Well, the HOT token is soon going to be exchanged for HOLO FUEL, which will be the long-term driver of value in the Holochain economy.

We don’t know exactly what that might be worth right now. But the tokens will be exchanged one to one, and that upcoming change may be driving the price upwards.

1 2
View single page >> |

Disclaimer: Now I’d like to hear from you. What are your thoughts on Nano, which currently ranks 36 in terms of market cap? Do you think it can ever make it to top 10?  Let me know in the ...

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.