Extensive Holo Price Pump Starts to run out of Steam

There is no such thing as a standstill when it comes to cryptocurrencies and digital assets. In fact, it seems, things are heating up among specific altcoins, which will undoubtedly lead to some interesting speculative charts. For those users watching the Holo price, things are looking quite impressive right now, Solid gains across all departments show interest in this altcoin is picking up steam.

Over the past few days, there haven’t been too many cryptocurrencies, tokens, or assets which effectively noted a solid gain for more than a few hours. One notable exception is Holo, an altcoin which tends to rise in value rather regularly. Unlike its counterparts, however, this altcoin not only sustained its recent gains but kept on going higher in the process. That in itself is rather remarkable, under the current circumstances.

Over the past 24 hours, there has been a notable Holo price increase across the board. Not only did the altcoin gain 15% in USD value, but its BTC and ETH values all rose in a very similar manner. As such, one HOT is currently priced at $0.000726, which means a further jump may be on the horizon. At the same time, a multi-day value increase is not something to support all that easily either.

On social media, the current Holo price action has a lot of people excited for rather obvious reasons. Cryptunez is wondering if Holo can become the “next” Tron of Verge in terms of its branding, ticker awareness, low value, and high expectations. It is a possibility, but currencies should only derive value from technical advancements or real-world adoption, rather than FUD and rumors.

Is $HOT the next $TRX / $XVG

-Low sat
-Sick ticker
-High hopes
-Quality FUD
-Wild rumors

???????

— cryptunez ? (@cryptunez) January 8, 2019

Rahul Bijlaney is looking at Holo from a slightly different perspective. Unlike looking at things from a community point of view, this user is simply interested in making money. Such honesty is somewhat unusual where smaller-cap altcoins are concerned. The proposed price targets seem all pretty appealing as well, although hitting any of them will require a fair bit of work first and foremost.

#HOLO (#HOT) safe buy is above 17
Target 32, 47, 53, 63
Stop is at 8#cryptocurrency #cryptotrading #altcoins #altcointrading #cryptotrading #CryptoCurrencies

— Rahul Bijlaney (@RahulBijlaney) December 19, 2018

Last but not least, there is the tweet by Crypto Jay which seems to sum up the current Holo price action rather aptly. This user confirms Holo is currently going through a pump cycle which might not necessarily be based on any actual developments or use cases. That doesn’t mean there is no money to be made in the process, but it is always important to put current events in their correct perspective.

Good morning to all my Holo believers !! Let get they day going and continue this hot pump !! ????????????#holo #holochain #positivevibes

— Crypto_jay (@Cryptojay14) January 9, 2019

Based on the current market circumstances, one has to wonder if and when the Holo price surge will collapse. Although there is a fair bit of trading volume and plenty of “hopium” among holders, it is evident a correction will kick in sooner or later. No market will rise in value indefinitely, especially not where altcoins and assets are concerned.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

Image(s): Shutterstock.com

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