PHP 7.4 has been available on all cPanel hosting accounts at Hoasted since December. This version was officially launched on November 28. We at Hoasted are always focused on making the latest technical possibilities available to you as soon as they are released in stable versions.
With PHP 7.4 the performance goes up a lot further. In practice this means a speed gain of approximately 8% compared to PHP 7.3 and nearly 300% compared to PHP 5.6. When using WordPress it is therefore highly recommended to increase your PHP version to the highest available version. How to do that can be found in the manual: adjust PHP version in cPanel.