Holochain’s price action pushes volume above £16M

By: Jinia Shawdagor
Jinia Shawdagor
Jinia is a cryptocurrency and blockchain enthusiast based in Sweden. She loves everything positive, travelling, and extracting joy and… read more.
on May 26, 2020
  • Holochain has been trading sideways over the past week.
  • The coin’s volume has seen massive changes ranging from £3.6M to over £16M.
  • Volume 71 of Holochain’s Dev Pulse unveils Holochain is still working on HoloPort Nano.

Holochain (HOT), a decentralized application (dApp) platform that leverages P2P networking for processing agent-centric agreements, experienced interesting price movements in the past week. HOT opened the week on May 18, trading at £0.000442 and closed the week on Sunday, May 24, changing hands at £0.000441. While the changes in the coin’s price were not massive, the coin witnessed a significant uptick in its daily volume.

At the start of the week, HOT traded at the £0.000442 level setting a daily low of £0.000436. Its price also increased to set a high of £0.000448 before closing trading at £0.000443. The coin had a daily volume of £5,772,413. On Tuesday, the coin opened the day trading at £0.000443 before setting a daily high of £0.000447. However, it experienced a downward correction to close trading at £0.000441 with a daily volume of £4,982,040.

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On the following day, HOT opened trading at £0.000441 and continued plunging to close the day changing hands at £0.000429 with a daily volume of £5,963,916. On Thursday, bears remained dominant, causing the coin to shed more value. Due to this, HOT closed the day trading at £0.000424 after opening trading at £0.000429. Friday came with bulls that saw the coin gain from £0.000424 at the beginning of the day to £0.000438. Through Thursday and Friday, the coin’s daily volume ranged between £6,437,437 to £5,318,521.

On Saturday, HOT traded sideways with minimum price changes. The coin opened the day trading at £0.000438 and closed trading at £0.000437. However, the daily trading volume plunged to £3,658,300. Sunday came with a bullish momentum that saw HOT begin recovering. The coin opened trading at £0.000435, set a daily high of £0.0004845 before plunging once again close trading at £0.000441. According to data from CoinMarketCap, these price changes fueled trading and saw HOT achieve a daily volume of £16,286,000.

Holochain publishes Vol 71 of its Dev Pulse

Holochain published volume 71 of its Dev Pulse. In the blog post, Holochain shared details on why it had not been availing updates for its HoloPort Nano device. The platform also unveiled that it’s working on launching a new version of HoloPort software that has a USB reset tool to improve ease of use. The publication further revealed that the network aims to release a new Holochain version to fix bugs that caused an intermittent failure during Holochain testing.

Do you think HOT will achieve enough momentum to surpass the £0.0004 level? Share your thoughts in the comment section below.

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