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.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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