- Ethereum altcoin Hashflow Token (HFT) is currently on a breakout on the technical chart and may continue to rally.
- Ethereum Layer-1 competitor Fantom (FTM) has also posted strong gains while breaking its key resistance barriers.
In the crypto market rebound of 2023, altcoins have delivered a solid performance. While giants like Ethereum (ETH) are up 40 percent, other altcoins have seen even bigger gains of 70-80 percent.
Crypto analysts are placing big bets and predicting huge upside potential for such an Ethereum altcoin hashflow token (HFT). In a Twitter message, crypto strategist Cantering Clark told his 160,000 followers that he is quite bullish on Hashflow Token (HFT) and is taking a spot position in the cryptocurrency.
The technical chart shared by Clantering Clark shows that HFT is experiencing a breakout from its accumulation zone. In his tweet he wrote:
The last Tickerless chart I shared hit a 3x this week. I patiently built a spot position in this position because the setup looks like it has quite a step ahead. Three things in his favour.
The last Tickerless chart I shared hit a 3x this week.
I patiently built a spot position in this position because the setup looks like it has quite a step ahead.
3 things in his favor.
-New coin and new chart effect.
-Not microcap but not overweight… https://t.co/twoHI0a91b pic.twitter.com/WODQXqA1Xl
— Clark (@CanteringClark) February 12, 2023
While Cantering Clark initially shared a tickerless chart, he ended up sharing the altcoin name.
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This is not a microcap but smaller but still be careful but HFT looks set to surge much higher before likely a long corrective reaccumulation period. i am long
Hashflow token details
Hashflow Token (HFT) is a microcap in the crypto space with a valuation of just $128 million. At press time, it is trading up 7.7 percent at a price of $0.6898. In its recently released 2023 roadmap, the Hashflow blockchain noted that it plans to launch Hashverse, a gamified storyverse-based decentralized autonomous organization (DAO) that will allow users to stake tokens for completed quests rather than fungible to earn tokens (NFT).
To ensure interoperability and zero slippage, the Hashflow token is built on the Ethereum network. Traditionally, decentralized exchanges (DEXs) have relied on automated market makers (AMMs) for on-demand trading of assets. But the Hashflow blockchain takes a different approach. It uses a Request for Quote (RFQ) model that allows professional market makers to manage liquidity pools.
Top altcoins to watch out for
While the broader crypto market remains somewhat subdued amid low volatility, Ethereum’s Layer 1 competitor Fantom (FTM) has staged a strong rally this Valentine’s Day. On Tuesday, February 14, FTM price surged more than 15 percent and shot above $0.51.
With yesterday’s price rally, FTM has cleared a significant supply wall between $0.43 and $0.49 that previously served as a strong resistance zone. The recent price increase comes despite the fact that FTM whales were sold aggressively during the 2023 rise.
On-chain data provider Santiment reported: “Addresses from 10,000 to 100 million $FTM has lost $259.7 million worth of coins in the last 4 weeks. These coins were mostly picked up by microaddresses ranging from 0.01 to 1 $FTM.”
🦈🐳👋 #Fantom shark and whale addresses have plummeted during this surge in 2023. Addresses with $10,000 to $100 million FTM lost $259.7 million worth of coins in the last 4 weeks. These coins were mostly picked up by micro addresses ranging from $0.01 to $1 FTM. https://t.co/JNzdDTgjAg pic.twitter.com/2BUoysNH65
— Santiment (@santimentfeed) February 15, 2023
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But it seems retail investors have managed to clear all the hurdles. There are currently no significant delivery barriers for FTM. With this, Fantom is preparing for another upswing.
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