Binance Exchange Adds Holo Altcoin (HOT), Price Goes Through Roof

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Mon, 07/23/2018 - 18:06
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Yuri Molchan
Binance pairs HOT with BTC and ETH, rates soar from $0.0006 to over $0.0009
Binance Exchange Adds Holo Altcoin (HOT), Price Goes Through Roof
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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.

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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.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.