A closely followed crypto strategist is predicting a huge upside for one under-the-radar Ethereum (ETH) altcoin.
Pseudonymous analyst Cantering Clark tells his 159,800 Twitter followers that he has his eye on Hashflow Token (HFT).
“The last tickerless chart I shared did a 3x this week. I have been building a spot position in this one patiently because the setup is looking like it has quite a move ahead of it. Three things in its favor.
–New coin and new chart effect.
–Not microcap but not overweight already.
–Low unit bias
Happy Hunting, it is going to send.”
Although Cantering Clark initially shared a tickerless chart, he eventually unveiled the name of the low-cap altcoin on his radar.
“This is not a microcap but smaller never the less so be mindful, but HFT looks like it is going to push much higher before what is probably a long corrective re-accumulation period.
I am long.”
Hashflow is the 262nd-ranked crypto asset with a market cap of $110.87 million. At time of writing, HFT is trading for $0.62, up more than 20% in the last 24 hours. Looking at the analyst’s chart, he believes HFT could rally to as high as $1.02.
The blockchain project recently released a roadmap for 2023, which includes plans to launch the Hashverse, Hashflow’s gamified, storyverse-driven 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 miner extractable value (MEV)-protected trades. Decentralized exchanges (DEXes) traditionally rely on automated market markers (AMMs) to enable on-demand trading of assets, but Hashflow uses a request-for-quote (RFQ) model that allows for professional market makers to manage liquidity pools.
Next, Cantering Clark says a key price range for Bitcoin (BTC) is around $22,200, where he notes that the king crypto could either find resistance or break through it with momentum.
“This is the area to watch for a loss of momentum and/or absorption.”
Bitcoin is trading for $21,783 at time of writing.
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The post Trader Says One Low-Cap Ethereum Altcoin Set for Huge Rally – Here’s His Target appeared first on The Daily Hodl.
