You can create a high-quality hologram of your own model with easy setup!
It doesn't matter models are Static Mesh or Skeletal Mesh and you don't need to make any changes to your existing model itself.
It's available in Fab :)
https://fab.com/s/7d234ede47e5
Also, you can learn the fundamental mechanics this effect in this tutorial:
日本語 -> https://coloso.jp/products/vfxartist-heyyo-jp
English -> https://coloso.global/products/vfxartist-heyyo-us