• Crypto analyst Cantering Clark is bullish about the Ethereum-altcoin Hashflow Token (HFT) and is building a spot position in the cryptocurrency.
• HFT is giving a breakout from its accumulation zone, with a market valuation of only $128 million.
• Hashflow plans to launch Hashverse, a gamified, story verse-driven decentralized autonomous organization (DAO).
Crypto Analyst Bullish About Ethereum-Altcoin Hashflow Token
Crypto strategist Cantering Clark recently announced that he’s quite bullish about one low cap Ethereum altcoin – Hashflow token (HFT). In a Twitter message, he told his 160,000 followers that he’s building a spot position in the cryptocurrency due to its technical chart showing signs of breaking out of its accumulation zone. With its market valuation of only $128 million, HFT could be set for huge rally and massive gains in short time.
Altcoins On The Rise After Crypto Market Recovery
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. Layer-1 competitor Fantom (FTM) has also posed strong gains while breaking its major resistance barriers.
Hashflow Token Details
Hashflow Token (HFT) is an Ethereum microcap currently trading 7.7 percent up at a price of $0.6898. Notably, it has been listed on several exchanges such as Binance and Huobi Global since mid-2022 and has been gaining traction ever since then. In its recently released roadmap for 2023, the Hashflow blockchain noted that it plans to launch Hashverse – an NFT powered DAO designed to enable users to stake tokens complete quests and earn rewards in return.
Interoperability & Zero Slippage With The Hashflow Token
The Hashflow token is built on top of Polkadot’s Substrate framework to ensure interoperability and zero slippage across different blockchains including Ethereum and Bitcoin Cash networks. As per developers working on the project’s roadmap for 2023, they plan to develop bridges between multiple blockchains including Polkadot parachains using IBC protocol technology as well as Filecoin’s InterPlanetary File System (IPFS).
Conclusion
Analysts are expecting big things from this small cap altcoin – HFT looks like it will soon push much higher before what is probably going to be a long corrective reaccumulation period according to analysts speculating on the coin’s potential upside potential over short time frames.. It remains to be seen how high HFT can go but investors should definitely keep their eyes open for this coin!