- In the previous one year, the trading price of the HOT crypto has advanced by 158%.
- The yearly inflation rate of the crypto is also negative, resulting in -0.18%.
Holo (HOT) is the token powering the Holochain ecosystem, facilitating transactions within decentralized applications (dApps). Holochain, developed by Arthur Brock and Eric Harris-Braun, offers a peer-to-peer platform for dApp development, utilizing a distributed hash table (DHT) for scalability.
The derivatives trading volume for the Holo crypto has witnessed a decline of 29.7%, which is further followed by a decrease of 12.5% in the spot trading volume of the crypto in the last 24 hours.
The value of the traded volume for the token in the last 24 hours is $44.389M, and the token’s market cap has witnessed a slight advance of 1.2%. The current value of the market cap of the Holo crypto is $699.758M.
The long/short ratio of the Holo crypto is 0.9283, and the long liquidation for the crypto is worth $55.64K against the short liquidation of $26.31K. Furthermore, the crypto’s volume/market cap ratio is 6.34%, per CoinMarketCap.
The total supply of the Holo crypto is 177.026B HOT, the circulating supply is 173.026B HOT, and the maximum supply is infinite. Also, the fully diluted market cap of the crypto is $719.598M.
Holo Token Blockchain Data Overview
The Total Value Locked for the Holo crypto is $487.7M, and the stablecoins market cap of the token is $5.9K. Over time, the TVL for the token has declined to certain lows.
A considerable advance in the fees was witnessed in December 2023, whereas the net inflows have seen a massive advance in recent times. Furthermore, the inflows for the crypto over the last 24 hours are $1.5K, and the fees recorded for the token are worth $20.75K.
Total Supply Vs Social Volume Vs Development Activity
Despite a spike in development activity in February 2024, the development activity has recently declined. Moreover, the social volume of the token has witnessed a huge advance while the total supply has been static for a long time.
HOT Crypto Technical Analysis
Following a falling wedge pattern, the price of the HOT token traded inside the pattern for more than a year, and later, the price of the token broke out a few months ago.
Since the breakout, the HOT crypto has witnessed a good advance in the trading volume, which has resulted in an advance of 120% in the trading price. The following behavior of the token price represents the strength in the trading price, indicating the probability of further advance in the crypto price.
HOT/USD Chart by TradingView.com
The 20-day and the 50-day EMAs trade in a golden crossover, followed by a golden crossover of the 200-day EMA. Also, the HOT token price is trading above the EMAs and 20% above the 20-day EMA.
The MACD is giving a strong buy signal on the daily chart, followed by the MACD line trading above the signal line and at the zero level.
The RSI is also behaving positively following a bullish cycle, as the RSI is currently trading at a level of 69.89. It has also recently declined below the 14-day SMA, which indicates a pause in the uptrend of the token price. Despite this, the overall trend looks positive.
Summary
Holo (HOT) crypto sees a 158% surge in one year with negative inflation. Despite a decline in derivatives and spot trading volumes, HOT maintains a market cap of $699.758M.
Technical analysis indicates strength with a breakout from a falling wedge pattern, a 120% price increase, and bullish indicators, suggesting further upward potential.
Technical Levels:
- Support levels: $0.00098 and $0.002720
- Resistance levels: $0.0070170 and $0.00924
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.