Holochain Price Prediction – Will HOT Price Hit $0.05 in 2021?

This Holochain Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into account upon coming up with our HOT price analysis and prediction.

There are many cryptos that spiked to a new all-time during this 2021 bull run. In contrast, some crypto also faced a downtrend position. As a result, many crypto traders are worried about whether it is time to hold or sell their crypto. This is also the same case that traders are experiencing in HOT.

Nevertheless, the crypto market is consolidating lately, and many cryptocurrencies are losing their previous profits. Will HOT experience the same price volatility? We’ll find out shortly in this HOT price analysis 2021 article. But first, let’s have a look at what HOT is.

What is Holochain (HOT)?

Holo is a peer-to-peer distributed network for introducing decentralized applications developed using Holochain. Moreover, it is a framework for creating DApps that does not require the utilization of blockchain technology.

More so, the goal of Holo is to serve as a bridge between the broader internet and apps created using Holochain, offering an ecosystem and marketplace in which DApps are easy to access, as they are hosted on the internet by Holo platform participants.

Now that we have an idea about HOT, do you think HOT will be profitable crypto in 2021? Join me and let us see the charts in this HOT price prediction.

Holochain (HOT) Current Market Status

As of the time of writing this Holochain price analysis, HOT trades at $0.009667 with a 24-hour trading volume of $185,968,088, according to CoinMarketCap. The price of HOT has decreased by 0.88% in the last 24 hours.

Furthermore, HOT has a current circulating supply of 172.90B HOT. Currently, the top cryptocurrency exchanges for HOT are Binance, Crypto.com, HitBTC, ZT, and Mandala Exchange. Now, let’s proceed to the next part of this HOT price analysis for 2021.

Holochain (HOT) Price Analysis 2021

Currently, HOT holds the 70th place on CoinMarketCap. But will the latest upgrades, developments, and changes in the HOT blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this HOT price prediction article.

Based on the graph above, the chart displays a cup and handle pattern. The pattern represents a period of consolidation which might result and reach an immediate price breakout or breakdown. A breakdown from the lower trendline represents the start of a new bearish trend, while a breakout from the upper trendline shows the start of a new bullish trend.

As shown above, at the beginning of this month, Holochain turned from its bear to bull trend. This is the result of the high trade volume that happened in that period.

The Relative Strength Index (RSI) is at 45.31, which means that HOT is in neither overbought nor oversold state. Hence, traders can trade safely without any major price reversal.

Therefore, traders must trade crypto carefully and must not be affected by the market hype. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of HOT.

Since the start of 2021, HOT’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, HOT has a competitive market this 2021.

Holochain (HOT) Price Prediction 2021

The chart below shows that HOT has performed great over the past few days. Moreover, the HOT price over 15% in the last 12 days. If this trend continues, HOT might run along with the bulls, overtaking its $0.024 resistance level and reach higher.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone HOT from its uptrend position. In simpler terms, the price of HOT might drop to almost $0.0083, a bearish signal.

Meanwhile, our long-term HOT price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.03157. Moreover, it is possible for HOT to reach this level this year.

Holochain (HOT) Price Prediction 2022

If this bullish trend continues, HOT will reach $0.08 by the end of 2022. Moreover, the first half of 2022 is going to show rapid growth, up to $0.085. Then the rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $0.08 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Holochain (HOT) Price Prediction 2023

If HOT holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $0.25, making it not plummet but play consistently.

Holochain (HOT) Price Prediction 2024

As per the latest upgrades, developments, HOT price prediction, and new project forecasts of the platform, HOT investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of HOT in the crypto market, and it will be the best investment as the price can spike and reach around $0.85.

Holochain (HOT) Price Prediction 2025

In the next four years, HOT prices could rise up to $1.25. More so, reaching this level could not be so difficult for HOT as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that HOT has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

HOT has a bright future ahead of it in 2021. With the ongoing developments happening within the HOT system, as well as in the overall cryptocurrency market, we may see HOT reach new heights.

Bullish HOT price prediction 2021 is $0.0315. As said above, it may even reach $0.05 if investors have decided that HOT is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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