According to a crypto analyst, this unknown altcoin project will rise from the ashes like a phoenix and its price will explode. Another analyst, Crypto Crow, predicts a reset in the cryptocurrency market. The analyst also suggests that Cardano (ADA) will explode.
“Time to invest in this altcoin project!”
Hedera Network (HBAR), a decentralized public network run by companies like Avery Dennison, Boeing, Deutsche Telekom, Google, IBM and LG Electronics, received a bullish rating from popular pseudonymous analyst Credibull Crypto. Responding to a distressed HBAR investor, CrediBull underlines that now is the best time to start investing in Hedera through its dollar cost averaging strategy. Accordingly, the analyst makes the following assessment:
Definitely. After about 12 months of consolidation, we’re back to the origins of the last move we ran 12 times. If you’re bullish on HBAR, DCA is a great time to invest.
Absolutely. We've retraced back to the origin of the last move from which we ran 12x after a near 12 month consolidation. If you're bullish on $HBAR it's a great time to be DCA'ing imo. https://t.co/kT4twuwDzA pic.twitter.com/KeRaULNbQU
— CrediBULL Crypto (@CredibleCrypto) January 2, 2023
The crypto analyst thinks HBAR has received negative reviews about its tokenomics due to the ongoing bear market. Notably, the HBAR price has dropped nearly 93% since ATH hit $0.569 in September 2021. In this context, the analyst makes the following statement:
This is really not a problem. People just want to rationalize downward PA. It’s also an easy alternative to throw the blame on ‘bad tokenomics’ as they can’t go against their fundamentals. This argument will also not hold when we start pumping again.
The market cap of the Hedera network is approximately $986,027,217. Also, the 24-hour trading volume is around $16.7 million. With this, cryptocoin.comAs we reported, some HBAR investors are complaining about a total supply of 50 billion tokens, half of which is in circulating supply.
“The world has not yet fully grasped the capabilities of Cardano!”
Crypto analyst nicknamed Crypto Crow claimed in a recent interview published on Altcoin Daily on Sunday that the cryptocurrency market is about to go through a major market reset. According to Jason Appleton aka The Crypto Crow, the cryptocurrency industry is now moving towards decentralization.
Recently, crypto advocates are also calling the Cardano ecosystem a ‘touchstone for decentralization’. Also, Crypto Crow questions how Cardano fits into the World Economic Forum reset agenda. “We are all slaves and the community is fighting against it because of it,” says Charles Hoskinson in his assessment of Cardano. Therefore, he states that the ecosystem must be successful. Jason Appleton adds to this assessment:
I don’t think the world has even fully grasped Cardano’s capacity, what it was built for, and some of its overall mission.
At press time, Cardano (ADA) was trading at $0.252 with a 24-hour trading volume of $135,626,275, according to Coinmarketcap data. Following this, the altcoin seems to have found a footing in the current range.