Holochain (HOT) has been pumping for the past month, in spite of bearish sentiment in the crypto market. This has led to excitement around it as FOMO builds up. On social media platforms like Twitter, Holochain (HOT)’s star is rising fast. But in a market where pump and dump schemes are rife, it’s only logical to take in this excitement with caution. After all, many others have pumped in the last few months, only to lose all those gains within days. In such an unpredictable market, it is only natural to wonder, is Holochain (HOT) worth buying at current prices, or is the party over?
Well, no one can foretell the future, especially not under current conditions. However, there are certain factors that support a possible continuation of the Holochain rally. First, Holochain is a practical solution to some major problems facing society today. One such problem is that of data privacy. Let’s face it, privacy is a major concern today, due to the centralized nature of the internet, and it’s unlikely to change under the current internet model. That’s because the major internet companies that run the show make money off user data. Without it, they would be irrelevant. As such, no matter how many laws come into place, data privacy under the current model is a fallacy. However, users are demanding it more and more, and that’s where Holochain comes into the picture.
Holochain takes an agent centric approach to applications, whereby it is the individual who has full control over their data. With Holochain, the individual decides which applications to share data with, and also have full control over their data storage. On this basis, Holochain is more like a decentralized internet, and that’s an idea that has been gaining steam lately. This means that Holochain is right on time, and this could see it gain tremendous levels of adoption in coming years. This to a large extent anchors the value of Holochain (HOT) not just now, but for years to come. In essence, it could still be early days for someone looking to invest in Holochain (HOT). That’s because, the moment this gains traction all across the world, and major applications start running on Holochain, it could be huge.
Then there is the fact that in its growth path, Holochain is not limited to the problems facing blockchain. Blockchain has a real problem with scalability, especially when it comes to building applications that are meant for the masses. That’s why blockchain Dapps are yet to gain traction, and compete effectively with centralized applications. Holochain’s agent centric approach allows for the development of light and highly scalable applications. This makes Holochain applications more practical for real world usage as compared to those built on platform blockchains. As such, they are likely to gain traction faster in the long-run. Since Dapps are a key source of value for Holochain (HOT), then it means that it still has a huge room for growth, going into the future.