A closely watched crypto strategist is predicting a huge rise for an under-the-radar Ethereum (ETH) altcoin.
Nickname analyst Cantering Clark says to his 159,800 Twitter followers that he has his eye on Hashflow Token (HFT).
“The last chart I shared happened 3 times this week. I have been building a position at this point patiently because the setup looks like it has a lot of movement ahead of it. Three things in her favor.
-New currency and new graph effect.
– Not microcap but not overweight already.
– Low unit bias
Good hunting, will send.”
Although Cantering Clark initially shared a bite-free chart, he eventually revealed the name of the low-cap altcoin on his radar.
“This is not a microcap, but a smaller, never so small, so watch out, but HFT looks set to push much higher before a long period of corrective re-accumulation.
Hashflow is the 262nd crypto asset with a market cap 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 HFT could rise as high as $1.02.
The blockchain project recently was released a 2023 roadmap that includes plans to launch Hashverse, Hashflow’s gamified, story-based decentralized autonomous organization (DAO) that allows users to stake tokens, complete quests, and earn non-fungible tokens (NFT ).
Hashflow is built on the Ethereum network for transactions protected by interoperability, zero slippage and mining value mining (MEV). Decentralized exchanges (DEX) traditionally rely on automated market indicators (AMMs) to enable on-demand trading of assets, but Hashflow uses a request-for-quote (RFQ) model that allows professional market makers to manage pools of liquidity.
Next, Cantering Clark says a key price range for Bitcoin (BTC) is around $22,200, where he notes that the crypto king could either find resistance or push past it.
“This is the area to watch for loss of momentum and/or absorption.”
Bitcoin is trading at $21,783 at the time of writing.
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Created Image: Midjourney