HOT (Holo) as Large-cap Ethereum based Token is 101 in 2100NEWS ranking. HOT has a slightly below-average quality of the order book. The average quality of the order book for large caps members of NWSL100 index is 9.2. What is the true value criterion in the crypto world?
*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind when you create a buying list to go into the crypto world.
Holo has been launched in 30 exchanges
HOT as Large-cap Ethereum based Token is 39 in 2100NEWS ranking (after Index Review of 16th August 2019). It is an Index member: NWST1100, NWSL100, NWSTo100, NWSET100, NWSDM100
HOT has a slightly below-average quality of the order book mark 9. (The average for large caps members of NWSL100 index is 9.2.)
Over the past week, the average market cap was 111.4 million $, average daily volume was 5.9 million $.
To make appropriate peers comparison we gauged the HOT (Holo) token with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). Looking at the chart below, at the top we can see the original HOT price, in the middle of the chart is HOT vs. NWSL100, at the bottom of the chart are NWSL100 and correlation between HOT and NWSL100. HOT grew and beat the index in May, followed by a nearly three-month pullback. On average (EMA25 – green area graph), the relationship between HOT and NWSL100 has remained similar since the end of May, meaning it was losing vs NWSL100. However, the correlation graph gives us an explanation that exists periods when the HOT was moving in the same direction as the NWSL100 (positive correlation) and the period from June 20 to July 20 when it was moving in the opposite direction as the NWSL100.