A closely watched crypto strategist predicts a big upside for an under-the-radar altcoin Ethereum (ETH).
Pseudonymous analyst Cantering Clark says his 159,800 Twitter followers who have their eye on Hashflow Token (HFT).
“The last tickless chart I shared tripled this week. I have been building a spot position on this one patiently because it looks like the setup has a big move ahead of it. Three things in your favor.
–New currency and new graphic effect.
–Not microcap but not overweight anymore.
–Low unit bias
Happy Hunting, will send”.
Source: Cantering Clark/Twitter
Although Cantering Clark initially shared a tickerless chart, he eventually revealed the name of the small-cap altcoin on his radar.
“This is not a micro cap, but it is smaller, so be careful, but it looks like HFT is going to go much higher before what is likely to be a long corrective re-accumulation period.
I’m long.”
Hashflow is the 262nd ranked crypto asset with a market capitalization of $110.87 million. At the time of writing, HFT is trading at $0.62, up more than 20% in the last 24 hours. Looking at the analyst’s chart, he believes that HFT could go as high as $1.02.
The blockchain project recently released a roadmap for 2023, including plans to launch Hashverse, Hashflow’s Storyverse-powered and gamified decentralized autonomous organization (DAO) that allows users to stake tokens, complete quests, and earn non-fungible tokens (NFTs).
Hashflow is built on the Ethereum network for interoperability, zero slippage, and transactions protected by miner’s extractable value (MEV). Decentralized exchanges (DEXs) traditionally rely on automated market markers (AMMs) to enable on-demand asset trading, but Hashflow uses a request for quote (RFQ) model that allows professional market makers to manage liquidity pools. .
Below Cantering Clark says A key price range for Bitcoin (BTC) is around $22,200, where he notes that the king of cryptocurrencies could meet or break through resistance with momentum.
“This is the area to watch for a loss of momentum and/or absorption.”
Bitcoin is trading at $21,783 at the time of writing.
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source: dailyhodl.com