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Holo [HOT] jumps by 56.77% post Binance listing announcement

Shahrain KM



Holo [HOT] jumps by 56.77% post Binance listing announcement
Source: Unsplash

On 23rd July, Binance made an announcement on their official Twitter handle and website that they would list Holo [HOT] on their exchange platform on 24th July.

Holo [HOT] is a decentralized hosting platform that serves mainstream users with absolutely functional decentralized applications. A week prior to Binance’s listing, HOT was trading at $0.000390 to a token with a market cap of $51 million.

Post the announcement, HOT was trading at $0.000933 with a market cap of $124 million. The price continued to surge within the hour and has jumped from trading at the 89th position to the 75th position.

A look at Holo (HOT) jump the last 24 hours | Source: Coinmarketcap

Holo [HOT] 24-hour price | Source: CoinMarketCap

At press time, the market cap was at $127 million, a far cry from the $57 million it was a week prior. Cryptocurrency enthusiasts have been quite vocal in their praise and censure of the announcement. The coin saw a surge of 56.77% in the past 24 hours. On the other hand, in the past week, it saw a hike of 115.84%.

sassal0x, a Twitter user commented:

“I was wondering why it was pumping earlier.”

BadBoyBubby5 tweeted effectively implying the listing to be a good decision:

“Finally a good token!!!!”

However, other users were skeptical of the fact that the sudden jump was all due to the Binance listing. Another Twitter user named Jason Brown commented:

“$HOT (HOLO) is up over 72% gain before the announcement! Don’t get dumped on!”

Another crypto-enthusiast tweeted:

“Take notes @coinbase; this is how an exchange is run.”

Crypto_Nicko, a crypto fanatic tweeted:

“Quit listing garbage.”

Binance also made an announcement that they would be bringing in a new airdrop in order to celebrate the new listing.

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Shahrain KM is a writer at AMB Crypto. Her curiosity in Blockchain technology and Cryptocurrencies has led her to be a part of the news reporting team of AMB Crypto. She does not hold value in any cryptocurrencies currently.