Most of the cryptocurrency markets are in the green, which is a promising sign. Looking beyond the top 25, it seems Holochain is getting a lot of attention from traders and speculators again. Its most recent uptrend has pushed the value above $0.001 again, and it seems further gains might materialize in the coming days.
Holo Price Momentum Seems Solid
When virtually all cryptocurrencies go in the green, it is a matter of time until a correction sets in. No financial market can go up in value for an extended period of time without facing some setbacks along the way. In the case of Holo, it seems the uptrend is still firmly in place right now, primarily because the token continues to note small gains across the board.
Over the past 24 hours, Holo has gained another 4.7% in USD value, as well as 3.5% over Bitcoin and 1% over Ethereum. All of these indicators show there may be a further uptrend in the coming days and weeks, although this market will see a small correction regardless. Its trading volume is still a bit on the weak side as well, although that shouldn’t cause any major concerns as of right now.
It would appear as if the Weiss Ratings team is smitten by Holochain at this time. The agency recently issued a tweet confirming how Holochain is the version of cryptocurrency Bitcoin was supposed to be but can’t achieve at this time. A very bullish sentiment where HOT is concerned, although it may not necessarily affect the market in a significant manner.
Peer-to-peer (#p2p) is the only way to truly scale on #DLT. On #Holochain every transaction btw 2 parties only involves those parties. After transaction, they share their state with rest of the network. This is actual “p2p electronic cash”. It’s what #BTC was supposed to be.
— Weiss Ratings (@WeissRatings) November 6, 2018
Liberty Crypto is confident Holcohain is the next big thing in all of cryptocurrency. While that may certainly be the case, there is still plenty of work to be done prior to taking this concept to the mainstream. Whether or not the Holo price will go 10x in the coming weeks, is very difficult to predict. It is certainly possible, albeit not necessarily plausible.
What's the next blockchain w/out the blockchain? #HOLOCHAIN. What's the next project to 10x+? $HOT. What's the next platform to solve double spending without ECDSA? #HOLOFUEL. Don't be daft. Pack your #hot bags & meet me at the station to acquire your #HOLONAUGHT status. #letsgo pic.twitter.com/bKAhovlGt6
— Liberty.Crypto. (@Orbital_Lexicon) November 7, 2018
Holochain_Goat, a Twitter account dedicated to the Holo price and its market movements, is quite confident whales are getting in on this altcoin as of right now. While that may effectively be the case, it is a bit unclear how this will affect the price in the coming weeks. For now, reaching $0.0011 will be challenging, despite potential “whales’ involvement.
— Holochain_Goat🐐 (@Holochain_Goat) November 6, 2018
Based on the current market conditions, there is a good chance the Holo price will continue to rise ever so slightly in the coming days. A correction will set in eventually, but it shouldn’t push the price below $0.001 by any means. Even so, cryptocurrency markets remain unpredictable first and foremost, and anything can happen. That is part of what makes these markets so interesting to watch.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.