Holo HOT/USD is an Ethereum token that powers Holo, which is a distributed, peer-to-peer (P2P) hosting platform for the Holochain Apps (hApps).
The goal and purpose of this network are to provide users with self-owned data, a distributed database alongside peer accountability.
The HOT token spiked up in value throughout the past 24 hours
On March 24, 2022, Holochain’s official Twitter page made an announcement surrounding the future roadmap, which sparked a high level of hype as well as support from the community.
Here, Holo also posted the details surrounding the Holo Lead/Org update, with more details surrounding the Holo milestone.
All of this sparked an initial level of interest, which ultimately led to the increase in the value of the HOT cryptocurrency token.
Holochain’s ultimate goal is to create a distributed web that is built with user autonomy at the forefront and aims to change how users distribute, store and process data.
Interactions and relationships within this web aren’t dictated nor overlooked by any centralized entity, and the information is not commoditized forever. Holo is the bridge between Holochain and everyday users.
As such, the HOT token has represented an appealing option for many cryptocurrency traders and investors who want to be a part of this change.
Should you buy Holo (HOT)?
On March 28, 2022, Holo (HOT) had a value of $0.006806.
When we go over the all-time high point of value of the Holo (HOT) token, we can see that on April 5, 2021, the token reached $0.03126682.
This gives us an indication that the token was $0.02446082 higher in value or by 359% at its ATH.
However, when we take a look at the performance of the token in February, we can see that Holo (HOT) had its highest point of value on February 8, when it reached a value of $0.006043.
Its lowest point, however, was on February 24, when the token decreased in value to $0.003645. This marked a decrease in value by $0.002398 or by 39%.
With all of this taken into consideration, Holo (HOT) can reach a value of $0.008 by the end of April 2022, making it a solid token to buy.