If you are thinking of investing in Holochain in 2020, then this post is for you. The biggest problem with nascent blockchains and cryptocurrencies is that you are not sure about what their future holds. The crypto market is filled with a plethora of cryptocurrencies. And with each day passing, the number gets increasing. Holochain or HOT is one of the most trending cryptocurrencies at the moment, which is ranked 46th. While people may tell that Holochain holds the potential to bring in profits, it is difficult to predict the future of any digital currency since it is a volatile market.
At ChangeNOW, we provide readers with industry insights and market trends that can help them in making an informed decision in the crypto space. Keep on reading to see the Holochain price prediction from industry experts and determine whether or not it would be a beneficial investment.
Let’s jump right into it.
What is HOT?
HOT Holochain is a decentralized application (dApp) platform that uses peer-to-peer networking for processing consensus mechanisms between users as well as agent-centric agreement. The HOT coin has access to all the capabilities of internet applications without requiring an API (application program interface). This is because the programming languages are quite compatible.
Holochain is different from blockchain in many ways. For starters, in Holochain, the nodes run on individual chains, nodes process the ledgers (miners are not needed) and offer limitless scalability. The majority of these attributes are quite the opposite of blockchain.
The HOT coin has been in circulation since 2018. The cryptocurrency was introduced in the crypto space via ICO in 2018. While the project managed to raise $20 million, it failed to gain any momentum as its price reached its all-time low in its inception year.
Still, investors and industry players are optimistic about Holochain and believe that the price will slowly start to increase as more and more people understand its features and start investing in it.
HOT Price: What Does It Depend On?
As with any other digital currency in the crypto space, the price of Holochain will depend on a lot of factors. It is a unique platform because it uses the Distributed Hash Table (DHT) algorithm instead of the usual Point of Sale (PoS) and Proof of Work (PoW) technologies. While the algorithm allows the network to be more scalable, the lack of exchange listings for the HOT coin is a problem.
It is still early to tell what level of real demand exists for HOT token. On the other hand, its pairings with other cryptocurrencies apart from Ethereum and Bitcoin remain nearly non-existent. This exposes Holochain to the vulnerabilities from trading on major crypto exchanges.
As per the industry experts, there are various Holochain projects already under the development stage. The company believes that exposing investors to more Holochain apps and other related products could help the HOT token enhance its value.
HOT Price Prediction 2020
The coin has been in circulation since 2018. During that time, the coin was worth $0.0001, which was quite weak. A week later, there was a slight increase in price ($0.002). The rate went down drastically until 2019 when Holochain price fluctuated between $0.0003 and $0.0006.
Currently, the HOT coin is priced at $0.00035816, and the market capitalization has decreased by $104 million from $300 million last year in May. At the moment, the HOT coin is ranked 51 in the crypto rating.
Still, investors believe that the Holo token coin comes with promising potential. Therefore, enthusiasts are eagerly looking forward to its potential in the coming years.
Here is the Holochain price prediction provided by industry experts.
#1 Coin Checkup
Coin Checkup looks into different situations and criteria when giving cryptocurrency predictions. Being on an optimistic side, the website has predicted that the HOT coin price might drop to reach $0.0298 by the end of 2020. But they have also shown their conservative side, where they have predicted that Holochain might reach $0.0053 as the year ends.
#2 Digital Coin Price
As per the predictions from Digital Coin Price, they don’t think the coin will be experiencing any sudden surge in value this year. However, the website believes the price might increase. Their prediction says HOT coin price might increase to $0.00146 by the end of 2020.
#3 Wallet Investor
Wallet Investor predicts that Holochain might go down on its own course and reach $0.002095 by the end of 2020.
HOT Long Term Price Prediction
While experts aren’t that optimistic about the HOT token price for this year, they do believe that over time, there will be a change in the market scenarios. It is still quite early to give a long-term prediction for Holochain, given that it is still new to the market. Nevertheless, it is believed that the price might remain stable at $0.0011256 in the coming 3–5 years.
Where to buy HOT?
ChangeNOW is a great platform to consider if you want to buy Holochain. Buying HOT tokens through ChangeNow is easier than anything else. Just follow the simple steps:
- Go to > ChangeNOW > choose a crypto coin you need to exchange
- Type the amount you would like to deposit
- Click on the Exchange Now button
- Next, type the wallet address in the address box and click Confirm
- That’s it
We have tried to provide you with all the necessary information regarding Holochain. If you have any queries regarding the topics discussed, feel free to contact us.
Disclaimer: This article reflects its author’s opinion only and is not financial advice. We take no responsibility for the results of any trader’s decision or action.
To learn more about HOT price prediction, please visit the following Holo post in our blog.