Ethereum-altcoin Hashflow token (HFT) is currently on a breakout on the technical chart and can rally going ahead.
Ethereum Layer-1 competitor Fantom (FTM) has also posed strong gains while breaking its major resistance barriers.
In the crypto market recovery of 2023, altcoins have delivered a solid performance. While giants like Ethereum (ETH) have rallied by 40 percent, other altcoins have posed gains even higher at 70-80 percent.
Crypto analysts are betting big and predict a huge upside for one such Ethereum-altcoin Hashflow Token (HFT). In a Twitter message, crypto strategist Cantering Clark told his 160,000 followers that he’s quite bullish about the Hashflow Token (HFT) and is building a spot position in the cryptocurrency.
The technical chart shared by Clantering Clark shows that HFT is giving a breakout from its accumulation zone. In his tweet, he wrote:
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.
While Cantering Clark shared a tickerless chart initially, he eventually shared the name of the altcoin.
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,
Details about Hashflow Token
Hashflow Token (HFT) is a microcap in the crypto space with a valuation of just $128 million. At press time, it is trading 7.7 percent up at a price of $0.6898. In its recently released roadmap for 2023, the Hashflow blockchain noted that it plans to launch Hashverse, a gamified, story verse-driven decentralized autonomous organization (DAO), which will allow users to stake tokens complete quests, as well as earn non-fungible tokens (NFTs).
In order to ensure interoperability and zero slippage, the Hashflow token is built on the Ethereum network. Traditionally, decentralized exchanges (DEXs) rely on automated market makers (AMMs) for the on-demand trading of assets. But the Hashflow blockchain takes a different approach. It employs a request-for-quote (RFQ) model that allows professional market makers to manage liquidity pools.
Top Altcoins to watch out
While the broader crypto market remains somewhat muted with little volatility, Ethereum’s Layer-1 competitor Fantom (FTM) has delivered a strong rally this valentine’s. On Tuesday, February 14, the FTM price jumped by more than 15 percent shooting past $0.51.
With yesterday’s price rally, FTM has overcome a significant supply wall between $0.43 and $0.49 which served as a strong resistance zone earlier. The recent price pump comes despite the fact that FTM whales have been aggressively selling during the rise of 2023.
On-chain data provider Santiment reported: “Addresses holding 10K to 100M $FTM dropped $259.7M worth of coins in the past 4 weeks. These coins have largely been scooped up by micro addresses holding 0.01 to 1 $FTM.”
But it seems that retail investors have managed to overcome all the hurdles. Currently, there are no significant supply barriers for FTM. This means that Fantom is preparing for another leg of upswing.
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