News Holo Price Run Continues as Speculators Hope for Market...

Holo Price Run Continues as Speculators Hope for Market Cap top 10 Position

-

- Advertisment -
NullTX Electroneum price Bullsh

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.

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.

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.

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.

Image(s): Shutterstock.com

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Network Security Using Cryptography: Everything you need to know

This article will describe what is Network Security Using Cryptography and everything you need to know before...

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came under new ownership in December 2019. Since taking over the exchange,...

Fungibility: Bitcoin Mixers Favorite Term That No One Understands

Fungibility, perhaps the most important concept when dealing with a decentralized and anonymous currency, but does bitcoin...

Crypto can’t thrive in the real world – but stablecoins can

We can safely say that the hype about cryptocurrencies is pretty much over. The claims of Bitcoin...
- Advertisement -Holo Price Run Continues as Speculators Hope for Market Cap top 10 Position

How to double your crypto

Most of us have a small gambler deep inside our souls. We love to feel the thrill...

Cryptocurrency Top Security Risk Concerns: What You Can Do to Protect Your Crypto

A report by CipherTrace revealed that in the first half of 2019, criminals and fraudsters stole more...

Must read

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came...
- Advertisement -Holo Price Run Continues as Speculators Hope for Market Cap top 10 PositionHolo Price Run Continues as Speculators Hope for Market Cap top 10 Position

You might also likeRELATED
Recommended to you