Market Makers HOT Review

yesterday i was asked by uh one of our market makers makers community members um pratyu i'm hope i'm hoping i'm pronouncing that right to take a look at the holochain talking hot so you can see the request in there and if we quickly where i start with all my sort of uh token reviews over on coin market capital coin gecko uh you can see that um holochain has been around for for some time now it's sat at ranked number 68 so it is a top 100 project it's on a lot of people's watch list so there's there's clearly a lot of people keeping their eyes on on this ski and you can see that it's um it's fully diluted market cap in its current market cap are very close which in terms of sort of uh talk and supply um means that they they're very closely aligned and it's always nice to see that because it's very easy to to sort of track where where the um where that project is going you can see from the price data and we won't go too far back but you know we were sat down there during the development tough what's up zero zero zero four for a for a hell of a long time um actually goes back quite somewhere and there was a peak and we'll get on to some of the the pricing a little later but you can see that we are from early this year you know similar to most other altcoins we had the euphoric peak in april you know then we had sort of um when when bitcoin crashed in there it continued that crash down and it's had a sort of reasonable compared to the rest of the market recovery since then uh the team uh really stand up when you sort of um look into it there there's a lot of work in history from this team that goes back a a number of years and and previous companies um and i think that one of the things to really sort of point out point now is that we started work on this back in 2016 and it's still alive and kicking and not only that they are they seem to be very close to to the to the launch of the holo ports which is one of the major sort of offerings so what i normally do at this point is um start going into white papers to try and understand what the scheme is but there is that much information around holochain out there it's there's almost too much to digest and definitely there's too much to get through in a in a short video but if you just start with the monthly round up you can see going back i'm going to scroll down to the bottom here going back to mail last year monthly roundup june as a monthly round of july the communication from the team is is fantastic i've i've read a number of these sort of me um medium articles and watched a number of the sort of youtube videos and they do seem to give a really in-depth monthly update and one of the good updates to to look at these two here around christmas time where they give a bit of an update on the organization and the leadership and what they were anticipating going into 21 uh i wish i'd have watched that um in december 21 because i probably bought a small bag just before the old boot because you're a really good video um there's an interesting article here around a painting a pen that they've got in the us which something's gone wrong um try that one again you can see that even though it's open source software they answer the question of why file a person and what they're basically trying to do is is defend this technology and make sure that it it maintains its um open source nature and doesn't become nefariously owned by one of the big tech companies so they are very proactive in trying to sort of look after what it is that they are developing in terms of what holochain is it's it's quite hard to d um for me to describe and in going through um and going through all these various articles i ended up going down a little bit of a rabbit hole and ended up on um orion protocol's website where the chief marketing officer timothy she does a number of great interviews with with with various projects she asks the direct question of the holochain commercial director what we know so it would be great to hear from you what is holochain and and how is it different to blockchain so i'll put the link for that video in the description it is worth watching maybe the next sort of 60 seconds of that video and what david does is he basically describes that blockchain is a lot like an excel spreadsheet and blockchains are all about organizing data but that data is just a series of ones and zeros and holochain is more of an ecosystem for developing apps that um are usable so he sort of tries to describe how the holochain ecosystem is very different to a blockchain and he uses the game of chess to describe that and it's it's a quite an odd um metaphor to use but it probably explains it better than anything so holochain is a framework it's open source they're trying to create an ecosystem and in that ecosystem rather than refer to the um applications as dapps decentralized apps they refer to them as haps with a h um to coincide with the whole chain usage and that seems to be sort of um the shtick is they're trying to create their own language around their own ecosystem there is a lot of information normally i do a deep dive into sort of like the the white paper the green paper try and get a feel for what the project is but with this being five years old and there is five years worth of regular communication and information there's a lot to get through i think what's clear is it's pretty robust so one of the um items i struggled with the most was understanding were holding holochain as a cryptocurrency had any value because what they start to describe through the use of the the applications that are going to be built as part of the ecosystem is a transfer to hollow fuel now that might sound reminiscent of theta and theta fuel but what they are trying to do and you've got v-chain and v-thor they're trying to create something though where the holochain token doesn't become the fuel for the economy because you can sort of get into some bumps in the road a bit like ethereum is now where things get very expensive it gets very convoluted that the tokenomics start to break down from what i can understand in terms of holofuel they're going for this mutual credit style system it's really really difficult for me to around wrap my head around how mutual credit applies in in this modern world and there are a lot of similarities to the way that xrp um is sort of an an intermediary currency but what holochain have done quite nicely they've created some very simple graphics and some nice little stories to explain how that works and there's a video on the sort of faq site where what about holofuel they call it a holofuel economics 101 it's really sort of quite deep for a one-on-one i wish they'd give a almost like a dummies guide for it but what you can see is that this seems to be a really um quite robust ecosystem they're clearly trying to build out this ecosystem i think the best way in my mind to understand what hollow chain is is it's almost trying to be the um the amazon web service the aws of sort of this web 3.0 world it's it's going to be somewhere where you can host these apps and develop these apps and create a whole ecosystem around that so another uh website that came across was the paradigm all and the there's a number of um a number of topics on it which are really interesting and um if you go into sort of this week in the holoverse uh over here this second article down um it goes into a little bit of detail about hollow ports are sort of very close to being launched i think they've got 399 projects says around this one there you go 399 projects when they get to 800 they're gonna launch the um holoport program that was on the 8th of september and they must be getting very close now for something that was born out of 2016 in terms of being ready to launch but most people aren't here for the technology even though it's nice they're ready to see what the price action is going to do and i don't think i'm logged in here um but you can see you know february 21 like most sort of vaults boom that was quite spectacular blow off top style price action last more more stokes in april it took quite a large retrace and then when sort of bitcoin the bed back in there it sort of collapsed again and it sort of found a level around that zero zero four sort of marker and then you can see just on the half trend we're on the daily here um you can see early august it sort of started to creep back up that price action and this will be september the 7th when bitcoin again had that huge retracement there's a little bit of a i suppose a flag pattern forming there but one thing that is of note that seems to be sort of on the daily they just seem to be getting a bit of a drop in volume i can't identify around this early august whether there was any news or price action that particularly drove that because the news around the hollow ports just seems to have been slowly trickling out since early june which doesn't quite correlate into the price action but in terms of what it's doing here um in terms of it releasing the holo ports it could be something to sort of seriously consider is it going to get back to those all-time highs if the ecosystem sort of plays out it could grow don't fully understand how holy holy fuel plays its part that makes me nervous i don't understand what value hollow is going to actually hold and how it's sort of like some tokens there's a there's a burn rate or you get a percentage of fees and it could also in a complete crash and if we had a bear win so it could just completely retrace back back to these levels which a lot of these projects have but in terms of i'm here for the technology type um mindset it seems to be a very robust and quite well established over the last five years ecosystem it's growing they're getting very close to a launch whether that launch will translate into price action who knows but you know it's a top 100 coin and yeah there's a there's a lot to like about it as a as an ecosystem i just personally can't wrap my head around the token on mix and now the the one-to-one ratio on the way that hollow fuel and the way that it's built into the ecosystem is going to add value in terms of returns to an investor and but you can wrap your head around that do a better digging i'll post a link to the youtube video because that is probably the simplest and most informative and i certainly recommend you go and check out the medium article and you read some of these monthly roundups and you can see how it's been developing over this over this year

Channel: Vangasparo Crypto

Views: 162

Rating: 5 out of 5

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Id: WItgCiMDq7k

Length: 11min 49sec (709 seconds)

Published: Wed Sep 15 2021