Maybe. But. This token cannot be mined, and actual supply is limited. It's only intended as a 1 to 1 exchange for upcoming Holo Fuel, which can only be created through more demand for Holo's P2P app ecosystem. In other words, token value has to translate into real life demand for an actual product, which makes the actual frenzy very interesting.
The Holo token (HOT) which is hosted on Ethereum network reaches new heights. It will be a 1 to 1 analog to upcoming Holo Fuel, an exchange system soon to be implemented on Holo's P2P decentralized app hosting system. It cannot be mined. Looks like the actual high demand for HOT token is coming from new comers, consolidation, and recent deployment of Holo's Elemental chat app.
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