• Crypto analysts are betting big on Ethereum-altcoin Hashflow Token (HFT) and predict a huge upside.
• Technical chart shows HFT is giving a breakout from its accumulation zone.
• Hashflow token (HFT) has a market cap of just $128 million and trading at a price of $0.6898.
Crypto analysts are betting big on Ethereum-altcoin Hashflow Token (HFT) forecasting massive gains in the near future. A technical chart shared by crypto strategist Cantering Clark shows that HFT is giving a breakout from its accumulation zone, indicating that the altcoin might rally soon. The market capitalization of HFT is currently valued at just $128 million, with an individual coin trading at $0.6898.
Ethereum Layer-1 competitor Fantom (FTM) has also posed strong gains while breaking its major resistance barriers as part of the crypto market recovery in 2023. Altcoins have generally delivered solid performance this year, rallying up to 70-80 percent compared to 40 percent seen in giants like Ethereum (ETH).
In his Twitter post, Cantering Clark said he was quite bullish about HFT and was building his spot position in it patiently because it had potential of making quite a move ahead of it. He mentioned 3 factors that could favor the altcoin – being new coin & new chart effect, not microcap but not overweight and impressive fundamentals including launching Hashverse DAO allowing users to stake tokens and earn NTFs with zero slippage on interoperability feature of the token .
The recently released roadmap for 2023 by the Hashflow blockchain noted that it plans to launch Hashverse as gamified story verse driven decentralized autonomous organization (DAO). This platform will allow users to stake tokens complete quests, as well as earn non-fungible tokens with zero slippage on interoperability feature of the token .
Altcoins have been gaining traction lately due to their impressive fundamentals and potential growth opportunities they offer investors who are looking to diversify their portfolios away from traditional assets such as stocks and bonds. Hashflow Token has caught attention due to its low market cap which makes it an attractive investment option for traders looking for quick gains in short time frame without taking too much risk involved with higher value coins or projects with uncertain futures such as Bitcoin or Ethereum respectively.