How HOT will be HOT? (Holo Token) || BINANCE lists HOT [Holo Token]

[legendster]

So roughly 4 hours ago Binance announced they would list HOLO Token.
This makes Holo Token (HOT) really hot right now.

PS: This is not the same as Hydro Protocol (HOT)

But what about the long term implications? How deeply will the eventual conversion to Holo fuel affect the speculative and real time market value of the token itself?

Out of the last few listings on Binance. Holo really holds an utilitarian aspect as it is one of the most ambitious projects. I would say they are just as good as Selfkey (Key) and Mainframe (MFT) - however I am kinda doubtful of the long-term usefulness of MFT.

One of the most interesting feature about the whole Holo project is that once the Holo network launches the "infrastructure provider" will be in debt. Making the price of Holo credits directly proportional to the amount of processing power they can get.  

How according to you guys, would this increasing purchase power of Holo credits would actually affect the price of the erc token? Another question which confuses me - because it was a lot to read and I skipped - would it be a case of swapping Holo tokens (HOT) into Holo Fuel ? (HOF?) would that be erc20 compliant?

I have no doubt that Holo will be here for a long time to come, just like Golem who are also into the same segment although a lot different from what Holo team are doing but what do you guys think?

Shit or Gold? (or HODL?)

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[BTChamp]

For long term this coin is best investment it just start & we will see it above top 30 coins in CMC for sure.

So for me it's gold 😉

[ralex1]

Obviously the safest HOLD!

[cointrader78]

I highly appreciate the HOT coin
They are really hot
At present, they are quite decent, but the amount of transactions on Binance is not cross
In my opinion, this coin is worth investing.
I hope in the next time they will be coin on good 30 CMC.

[legendster]

For long term this coin is best investment it just start & we will see it above top 30 coins in CMC for sure.

So for me it's gold 😉

The Ethereum trades are seeing SOME movement but the BTC trades are stuck in bot trades between 9 to 12 sats at best. If HOLO's going to be actually hot they need some major whale power swooping in to gobble all those sell walls..

[legendster]

For long term this coin is best investment it just start & we will see it above top 30 coins in CMC for sure.

So for me it's gold 😉

The Ethereum trades are seeing SOME movement but the BTC trades are stuck in bot trades between 9 to 12 sats at best. If HOLO's going to be actually hot they need some major whale power swooping in to gobble all those sell walls..

Well, HOT reached 20 sats recently and right now it's on the decline and sitting at 16 sats.
That was a pretty massive pump. It was a clear indication of a whale gobbling up a few billion HOTs or maybe a new investor came onboard.

Any Holotroopers here want to explain to me what was the driving force behind this massive pump?

[Cherrybomb]

he Holo network launches the "infrastructure provider" will be in debts Making the price of Holo credit.

[hiburak]

Holo offers a flexible, scalable, and easy to use infrastructure for dapps. From that perspective, I see Holochain will become a competitor to EOS and Cardano, and currently it is still very undervalued.

[Sone11]

I regret not choosing this one instead of the Moneytoken and IG  but yes it's a bear market, let's just keep our hopes high. meh

But yes this complication you mentioned I didn't understand at first thus I chose a different project. Speculation wise I didn't believe they can make it to binance so there's the regret.

[legendster]

I regret not choosing this one instead of the Moneytoken and IG  but yes it's a bear market, let's just keep our hopes high. meh

But yes this complication you mentioned I didn't understand at first thus I chose a different project. Speculation wise I didn't believe they can make it to binance so there's the regret.

I am not sure what you are talking about but when I made this post they were already on Binance and have stayed there since.

-update

Just to emphasize the potential of this coin I must highlight the near 25% growth since I first made this post.

From $0.000938 to today's $0.001171

In crypto terms, a 25% growth is laughable but then again, this is an altcoin we're talking about! Their kind hasn't been faring pretty well off lately.

I personally think the growth in this project will come from the decentralized network architecture for generalized computing and programmable application development.

The only thing I hate about them is their horrendous supply, I do think that it's a bit too much.

[Subal_Damudar]

I regret not choosing this one instead of the Moneytoken and IG  but yes it's a bear market, let's just keep our hopes high. meh

But yes this complication you mentioned I didn't understand at first thus I chose a different project. Speculation wise I didn't believe they can make it to binance so there's the regret.

I am not sure what you are talking about but when I made this post they were already on Binance and have stayed there since.

-update

Just to emphasize the potential of this coin I must highlight the near 25% growth since I first made this post.

From $0.000938 to today's $0.001171

In crypto terms, a 25% growth is laughable but then again, this is an altcoin we're talking about! Their kind hasn't been faring pretty well off lately.

I personally think the growth in this project will come from the decentralized network architecture for generalized computing and programmable application development.

The only thing I hate about them is their horrendous supply, I do think that it's a bit too much.

What you think? should i buy today if not bought already? I have been away from crypto and bitcoin stuff for a while. Lets catch up on telegram again? I will ping you

[legendster]

What you think? should i buy today if not bought already? I have been away from crypto and bitcoin stuff for a while. Lets catch up on telegram again? I will ping you

First off - where the hell have you been? I have left you numerous messages on telegram back in January.

Secondly. Only invest in HOLO if you are in it for the long term. Due to their overabundant supply, it might not be the best thing to invest in for short term. The price-volatility will eat you up. Especially if you're not a whale.

[ChiNgadOr]

Regarding Holo, I expected a high jump and an epic dump shortly.. it is good for wild sharks without scrupules.. for a quick move.. IN/OUT and change to something else...On the other side, in the last weeks BInance has being also seriously critiziced for the IEOs.. i have been following closely a project called Beatzcoin, and in fact prefer that it is not listed in BInance so far.. just wait for its development to create an organic demand

[legendster]

Regarding Holo, I expected a high jump and an epic dump shortly.. it is good for wild sharks without scrupules.. for a quick move.. IN/OUT and change to something else...On the other side, in the last weeks BInance has being also seriously critiziced for the IEOs.. i have been following closely a project called Beatzcoin, and in fact prefer that it is not listed in BInance so far.. just wait for its development to create an organic demand

First of all, this thread is for HOLO, so let's stick to the topic.

Secondly, I looked them up, looks like they have an ICO due in 13 days. They have team reserved 18% for the team and 30% for marketing development and reserve?  That's quite a bit of reservation there! Obviously, that token's being prepped up for a massive dump the moment it hits exchanges. Any asset with that much reserve is not meant for public use. I'd stay away if I were you.