Holo (HOT) Reaches Record in Satoshi Prices
The upcoming Holochain beta launch, as well as the deliveries of the Holoport device help boost the project’s visibility.
Holo (HOT) became one of the leading tokens on Thursday, boosted by news of the upcoming beta version of Holochain. Additionally, the team showedpreviews of the Holoportdevice packaging, suggesting the device aimed at anonymous peer-to-peer connections may be shipped before the end of the first quarter.
HOTappreciated to $0.00097, adding more than 42% in the past 24 hours. The price in the HOT/BTC pair reached a record of 28 Satoshi, an absolute price peak for this sub-penny token.
Holochain has been fighting for prominence, although it is still in the pre-mainnet stage, and the asset exists as an Ethereum-based token. The creation of the Holochain distributed network would help to bring together the entire ecosystem.
Holoport is the hardware to achieve the task of peer-to-peer connections and computing. The device is a plug-and-play port for hosting Holochain apps to service mainstream web users, explained the Holo project team. But hosting the Holochain and apps can also be performed through computers.
HOT is a post-ICO asset that still managed to retain some of the gains since its sale in April 2018. For those that bought HOT with ETH during the ICO, the gains are more than 3,700%. In dollar terms, HOT is up 650%.
The reason for the rally is the relatively low price in Satoshi, as well as the concentration of HOT on Binance, allowing for a concerted pump. HOT has become one of the coins and tokens performing rallies independent of the general stagnant mood on the markets. It is possible that the rally is only short-term, but it also shows there is continuing interest in protocols and distributed systems.
Holochain is a relatively small project, with around 4,900 Reddit supporters, but a generally robust presence and a readiness to continue the development of the protocol. In February, Holochain plans a hackathon to present the possibilities of its upcoming blockchain to host distributed apps. Holochain claims to use a different architecture that preserves the distributed computing component, without actually using a blockchain.