Holo (HOT) is the coin of the decentralized cloud system Holochain. On Monday, July 23, it jumped up almost 70 percent. That was the largest leap for the top 100 digital currencies. The price boost took place a couple of hours after the coin had been added.
Currently, Binance is trading HOT against BTC and ETH.
Trading background
Before the exchange made the announcement, the coin was trading at $0.0006. Three hours later the price leapt to $0.000943. This is a typical reaction of the market to Binance listing even small-cap virtual tokens.
At the moment, the HOT coin is taking position 81 in among the 100 coins with the highest market capitalization.
Over the past 24 hours, the trading volume of HOT got $7.4 mln. This amount came from this asset trading against Ethereum on the IDEX and other small exchanges.
About Holo
The HOT asset works on the Proof-of-Work consensus mechanism, it is the payment technology working as part of the Holochain cloud service. The project’s goal is to let users create decentralized apps, control their personal data and perform financial operations on a decentralized basis, without banks as intermediaries.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin