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- Holo also hit by Elon Musk Bombshell
- Recovers most of its losses
- Holochain can become the game-changer
Holo (HOT) has covered excellent ground in one year and is currently trading at 1.19 cents. It has a market cap of $2.1 billion. The Holo (HOT) crypto ran on Holochain software and had its first coin offering in 2018. After a demand evaluation, 177.6 billion Holo coins were produced. Three-fourths of the coins were for public sale, while the company and its team retained one-fourth of the coins.
CoinChapter.com
CoinChapter.com reports that after a general cryptocurrency crash, Holo prices have recovered smartly. In the last 24 hours has done exceptionally well as compared to the downward trends in other cryptocurrencies. HOT reached an intraday high of $0.012 compared to its showing a week earlier when it was trading at $0.010. The growth was 11.50 % on Friday, and its overall surge was 23.52 percent.
Musk’s Tweet
The Elon Musk tweet informing that Tesla’s electric vehicle cannot be bought using Bitcoin (BTC) had a devastating effect on most cryptocurrencies, including HOLO. Musk, an avowed supporter of digital currencies, took a u-turn, and now he advocates caution while dealing in cryptocurrencies. Musk even dubbed his beloved meme coin DogeCoin a hustle. BTC tanked to as low as $46,000 after Mr. Musk’s announcement. Musk claimed that this shift was due to environmental concerns related to Bitcoin mining.
Most of the action took place in 2021 for HOT
On the last day of 2020, HOT was trading at a price of less than $0.0006 (or 0.06 cents). However, like other Altcoins, HOT hit an all-time high of 3.157 cents on April 5. Crypto coins like DogeCoin buoyed by positive comments by Tesla chief Elon Musk rose by 10,000% in 2021.
CoinChapter.com quoted experts who said that the technology running the Holochain would become the game changer and HOT will further rise in its values.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
