HOT is a post blockchain technology that is decentralized as well as energy efficient. It is a peer to peer crypto without any scalability issue. It has the ability to access Internet apps without any API. This is because of the language compatibility, and HOT is equivalent to IFTTT layer that lies underneath the entire internet. It enables user autonomy directly into its architecture and protocols. It offers a direct way by addressing the root datacentric assumptions of the blockchain approach.
Current status of HOT
HOT is currently getting USD 0.001340 (UTC time 04:49). With a market cap of USD 178,550,171 and a circulating supply of 133,214,575,156 HOT, it is the 40th largest cryptocurrency in the world.
Price analysis of HOT
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The above chart shows that HOT is currently getting traded at 0.001351 USD or 0.00000024 BTC (UTC time 04:55). Its present market cap is worth of 179,914,371 USD with a 24h volume of 8,571,639 USD. The same chart shows that approx. One month earlier, HOT had a trading value of 0.001159 USD. So, within this period, the value of HOT has been raised by 16.56%.
Future price predictions of HOT
Initially, it appeared to be obnoxious. But it is so well decentralized that it has no scalability issue and its developers claimed their technology to be really sophisticated. So, it will be considered as an actual blockchain; rather, it will be regarded as a distributed cloud by the users. Due to its persistent team supporters including Deloitte and Mozilla, it has already increased its number of users. According to a crypto enthusiast, HOT is true to its name as its value has already increased by 188% since the last year. We believe that the price of HOT will be around $0.00154 by the end of 2019.
Conclusion
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HOT is a worthy cryptocurrency. It has been making great developments and partnerships which can dignify its prices to a great extent in the future.
