It’s been a big week for Holo (HOT), with the cryptocurrency surging 40% following a flurry of announcements. First, Holo announced a partnership with decentralized application (dApp) development platform Aragon.
Then, on Tuesday, Holo revealed that it is working with popular cryptocurrency exchange Coinbase to explore integrating the HOT token into the Coinbase Wallet.
The news sent Holo’s price soaring, with HOT climbing from $0.002 to a high of $0.
003 on Tuesday. The rally has since cooled off, but Holo is still up 20% over the last seven days.
The partnership with Aragon is significant because it will allow Holo dApps to be easily created and deployed on the Aragon Network. The Aragon Network is a decentralized platform for managing organizations and communities.
It’s been used to launch DAOs (decentralized autonomous organizations) like Gnosis and Giveth.
The partnership with Coinbase, meanwhile, could lead to HOT being listed on the Coinbase Wallet, which would give it a major boost in terms of exposure and adoption. Coinbase Wallet is one of the most popular cryptocurrency wallets, with over 5 million downloads on Google Play.
Holo has been on an upward trajectory ever since it launched its mainnet in March of this year. The project has been gaining traction and increasing its profile in the cryptocurrency community.
The partnerships with Aragon and Coinbase are just the latest examples of this momentum.
With both partnerships, Holo is positioning itself as a go-to platform for dApp development and adoption. And if HOT gets listed on Coinbase Wallet, it could see a major price increase as more people discover and use the token.
So far, Holo’s price has been rising steadily as more people learn about the project and its potential.