The cryptocurrency world always gets a bit more exciting when traders look beyond the more traditional markets. Although the top assets, coins, and tokens are all facing bearish pressure, the same doesn’t apply to the Holo price. This altcoin has been on quite the run lately and it seems the push is far from over. Today’s fresh gains show there is still a lot of life left where this market is concerned.
Holo Price Continues to Impress
Although most people would expect the Holo bull run to come to an end fairly soon, it may not necessarily work out that way. This altcoin has been dominating the cryptocurrency trading talks for several days now. This morning, it seemed as if the market would meet its long-awaited correction, although that didn’t last too long. Instead, the upward pressure is in full effect once again.
Over the past 24 hours, the Holo price has risen by another 7.1%. This is primarily due to a very bullish one-hour candle which is primarily fueled by the Binance traders. There is also an 8.8% increase over Bitcoin and a 10.4% improvement in HOT/ETH. All of these developments push the value back to $0.001382, which only confirms a new all-time high might be on the horizon pretty soon. Sustaining the run up until then will not come easy, though.
On social media, there is seemingly some enthusiasm regarding the Junto Foundation’s Kickstarter. It would appear this project is collaborating with the Hoochain team to leverage its technology. That in itself will be quite interesting to keep an eye on over the coming days. Depending on the success of this Kickstarter, a lot more attention may be brought to Holo as well.
Don't forget, @juntofoundation's #Kickstarter campaign begins today 💙
#holochain #holo $hot #decentralized #socialmedia #nonprofit #support #holoisland $btc $eth #softwaredevelopment #Engineering pic.twitter.com/GPNHZdWNjT
— HoloIslandNews (@HoloIslandNews) January 27, 2019
When looking at the current HOT price trend, one has to wonder how things will evolve this afternoon. Thorin is keeping a close eye on the HOT/ETH ratio, as it seems a brief correction will occur on that front. Even so, this bullish trend can remain in place for quite some time to come, as the overall trading volume is rather impressive. Chasing the top is never a smart strategy, though.
$hoteth if'll go as I expected and this is the resting spot then this zone would be my re-entry zone. If not, on occasion of a bullish candle, would be my entry signal. This looks very promising and volume looks great. #holo $holo #Holochain $hot pic.twitter.com/3PT30R04N7
— Thorin (@ThorinCrypto) January 27, 2019
It would appear the current price momentum is getting some people overly excited. Rodge Amsterdam is convinced Holo will enter the crypto market cap top 10 fairly soon. Based on its current price, that would require at least a fivefold value increase. It is not impossible by any means, but one also has to acknowledge this may not necessarily happen anytime soon.
— Rodge_Amsterdam (@AmsterdamRodge) January 27, 2019
Based on the overwhelming bearish market conditions, it is not surprising to see Bitcoin holders diversify their asset sin search of profits. Holo is the “flavor of the month” market in this regard, at least until its technology comes to market. How high this price can go, is anyone’s guess at this time. One thing is evident” the $200m market cap is not that far away, regardless of what Bitcoin does.
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.