Bad news for HOT lovers: The expected delist news has arrived
Things are not going well for some cryptos lately. One of them is undoubtedly the HOT token.. Holo Chain agenda and news are on this page.
Bad news for HOT lovers: The expected delist news has arrived
Holo chain, which develops an alternative network to blockchain technology was founded with the claim of performing all transactions performed on blockchain technology faster and cheaper.. Holo Chain claims it can host smart contracts like the Ethereum blockchain.
Unlike blockchains like Ethereum and Bitcoin, Holo Chain does not mine.. Since it is not mined, Holo Chain does not face the serious energy costs of cryptocurrencies such as Bitcoin and Ethereum running in the PoW system.. For these reasons, the developers of Holo state that their network is the lowest-cost network.
The developers of Holo Chain claim that they can achieve a different consensus on the records of transactions on the network.. Transactions on Holo Chain are recorded on the network by users, not miners. However, Holo Chain developers could not provide a satisfactory explanation on how this registration was accomplished.
Please See: Holochain guide: What is the HOT token, what does it do, does it have a future?
Holo Chain, which was established with a big claim, could not see the expected interest in the crypto money markets. Constantly losing blood, the project also lost its position in the top 100 in the CoinMarketCap ranking.. Holo Chain (HOT) is trading at $0.00076 at the time of writing. With a market size of $112 million, HOT ranks 109th in the rankings.
In the chart below, we see the recent change in HOT prices.
Unfortunately, from the big crypto exchange Binance. There is news that will upset HOT investors, and Binance announced that it has delisted HOT. After this announcement, blood loss continued in HOT.
We see the delist announcement made by the Binance exchange below.
Holo price continues to decline
Some of the price increases in the face of Bitcoin appreciation altcoins are depreciating seriously. One of them, the Holo (HOT) token, has been attracting attention with its unsuccessful performance recently.
see:Holo is building infrastructure for commercial applications
The price today is in the last 24 hours. Although it moves a little compared to the hour, it is not at a level to raise hopes again.. As of the time of writing, the price of Holo is being traded at $0.001295 or 25 Satoshi.. Although there has been an increase of 0.17% in the last 24 hours, it will be observed that it is quite simple compared to other cryptos in the industry.
Holo token is seriously losing value against both BTC and ETH parities.. None of these indicators are a good omen.
us: What is Holo Token? Promising New Cryptocurrencies -3
We haven’t been able to find many positive conversations on social media lately about the project, which has a substantial audience in Turkey.. This is not normal, especially considering that people spend a lot of time on Twitter over the weekend.
Bit Turkish user tweeted about the subject.
#Holo tested channel resistance on 27 satoshis but failed to break and reverted to channel drop. Channel breakout will be a buy signal for us but there is no such thing at the moment. Support #4 stands out as the strongest region to create this breakout.#holochain #hot pic.twitter.com/eZQOIE7MEc
— mineexpertツ ⛏ Cihat Öztürk (@madenuzmani) April 7, 2019
Time will tell how things develop for the Holo token!