Holochain (HOT) Price Analysis – Negativity in Holo Communities On The Rise

Holochain is one of the more complicated and unusual projects in the already complex and hard to grasp world of cryptocurrencies.

Holochain is a post-blockchain technology that is energy efficient decentralised app development platform that is truly peer-to-peer without the scalability issues of existing Blockchain projects.

Holochain is like having access to all of the capabilities of all of the Internet apps simultaneously without needing an API, because the languages are entirely compatible. Holochain is the equivalent of having an IFTTT layer built underneath the entire Internet.

Price Analysis

It makes little sense to do a chart analysis of Holo as it has a very small volume and, as many other altcoins, is super heavily dependent on what bitcoin does.

Holo is sitting at its long-term support zone of $0.0052 which is also a zone where it’s MA200 hovers around.

Stagnation in project development

Holo community is one of the more level headed and welcoming communities in crypto world. The sentiment among users is usually upbeat but there are some signs of negativity in the recent couple of weeks.

The price leakage and perceived lack of development progress has caused some frustration to surface in their subreddit, Telegram and forums.

The nagging and discontent are is still a sporadic occurrence in Holo world and a real non-event compared to other projects whose communities are essentially gatherings of angry mob looking to insult and rage against everyone and anyone.

Weekly roundups are still regular and inform holders about what the team is up to. It is usually a brief summary of small technical breakthroughs and reports from events and conferences the team attended.

So the project is still alive but definitely losing interest intensity from its base and potential buyers.

Sentiment around the project is oscillating

As shown by the data provided by Omenics.com – Holo’s sentiment has been up and down, usually following the price pattern.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

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