After almost a month of lows for the altcoins, the market is finally starting to gradually rebound. The altcoins are rising in value and are stabilizing at prices that they were at before the market began to bleed. With the last quarter of the year just around the corner, companies and their subsequent coins are desperate to make a full-recovery.
Speaking of the market rebounding, a popular pick in the market that seems to be rising in value is the Holochain coin HOT. On August 6th we published Holochain – It can give you 100x returns when it was only 9 satoshi. In the last twenty-four hours the coin has gone up almost 30% of its initial value ending the day at a $ 0.001103 USD high.
Holochain is a relatively new coin in the peer-to-peer network arena. The company, its products and all of its solutions are focussed on giving people absolute control over the data that they choose to share on the internet. And one of the use cases of their company is to build a new, innovative, decentralised web that uses the mobile data off users.
The platform promises full decentralisation by circumventing the main server and third-party interfaces that people have to use to get to the actual application. The platform by circumventing these two main components of the network is cutting out the established sense of centralisation and leading the mobile application market into decentralisation.
Mozilla and Holochain’s Possible Partnership
The market is abuzz with the possible partnership between the huge Mozilla and Holochain. Mozilla is most famous for its Internet browser Mozilla Firefox. And since the CFO of Mozilla hinted towards a possible partnership between the two companies, Holochain has been doing quite well.
Jim Cook, Mozilla’s CFO and Netflix’s co-founder, said that the platform is fully equipped towards moving the internet to a state of decentralisation. And that the market’s focus is slowly going to shift away from the giants in the industry right now.
These statements were made on a YouTube video. And though the reports of the partnership still remained unconfirmed, the mere possibility of this partnership is riding the coin up in its value.
The news of the partnership is yet to be confirmed. But in the event that it does get confirmed, the two companies are poised to strike the industry’s biggest deals. More details on the mother of all cryptocurrency deal is expected soon in a scheduled AMA session later this week.
In the event that this partnership comes through, the HOT coin is set to touch the sky. And with the backing of Mozilla, the sky will truly not be its limit. Currently, the coin is ranked 46 on coinmarketcap and its ranking too is expected to go up soon.
Also, Read Top 8 dApps built on Holochain
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