Is the Holo (HOT) a good buy opportunity after a recent sell-off?

HOT/USD  remains under pressure; in less than thirty days, this cryptocurrency price has weakened from $0.013 to $0.007, and the current price stands around $0.009. Holo (HOT) is a cryptocurrency that powers Holochain, a promising project with more than a thousand developers and enterprises that are using Holochain to solve real-world problems.

Very promising project

Holochain is an open-source framework that encourages the creation of applications, and it provides tools to enforce data integrity and business rules. Holochain is built with the Rust programming language, allowing it to be fast and catch most bugs before they hit production.

It will support more programming languages in the future, but you can write a UI for your application using any programming language, as long as it can run on your users’ devices and send MessagePack-encoded RPC calls over WebSocket to the user’s locally running Holochain service.

Holochain has technological similarities with blockchain and DAG chains, but it is not a platform or network. Holochain has a software development kit (SDK) written for Rust developers together with tools for application development and testing.

The growing ecosystem of this open-source framework has more than a thousand developers and enterprises that are using Holochain to solve real-world problems. Holochain gives you the tools to write a full-featured back end for your application, and it is similar to frameworks like Laravel, Express, and Django.

Holochain allows artists to connect with fans to share exclusive monetized content because Holochain is a peer-to-peer technology that can support applications that connect artists directly to their supporters. The team of Holochain reported:

Imagine a future of music that belongs not to labels and distributors but to a thriving network of music creators and lovers. Holochain is where the future of distributed music tech can thrive.

Holo (HOT) is a cryptocurrency that powers the Holochain, and the price of this crypto has reached a price level above $0.013 in September 2021. Since then, the price has weakened, daily trading volume remains weak; still, Holochain is a very promising project, and the price of this cryptocurrency could advance again at levels that we saw last month.

HOT remains under pressure

Data source: tradingview.com

Holo (HOT) has weakened from its recent highs registered in September 2021, but if the price jumps again above $0.010 resistance, it would be a signal to trade HOT.

The next price target could be around $0.011 or even above; still, if the price falls below $0.008 support, it would be a strong “sell” signal.

Summary

Holochain is an open-source framework that encourages the creation of applications and has more than a thousand developers and enterprises that are using Holochain to solve real-world problems. Holo (HOT) has weakened from its recent highs registered in September 2021, but if the price jumps again above $0.010 resistance, the next price target could be around $0.011.

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