Top crypto analyst says he’s accumulating new move-to-earn altcoins that are up over 850% in five days
A widely-regarded crypto strategist says he’s hoarding an under-the-radar altcoin that has exploded by more than 850% in less than a week.
Pseudonymous analyst The Crypto Dog tells his 747,200 Twitter followers it is him Loading except Sweat Economy (SWEAT), a new move-to-earn cryptocurrency.
According to the Sweat Economy whitepaper, the crypto asset differs from other move-to-earn tokens by requiring progressively more steps to mint each new SWEAT.
“To achieve our vision of making the world more physically active, SWEAT will become harder to shape over time. Not only does this incentivize users to move now—since their movement creates more SWEAT today than tomorrow—but it also preserves the utility of SWEAT because the model represents ever-increasing marginal costs of production.”
From a technical standpoint, The Crypto Dog SWEAT looks bullish now that it is trade above a key $0.55 resistance area. The crypto strategist also predicts that SWEAT could potentially chart a new all-time high.
“Quick SWEAT update: we didn’t get the acceleration. But I don’t think we care. Sweat continued to march higher, outperforming almost all other coins. +20% per day.
Will she ascend to heaven? We are only 25% away from the all-time high. Sensibly, we overshoot and run up and to the right.”
At the time of writing, SWEAT is trading at $0.067, up almost 26% on the day and over 857% from its price of $0.007 on September 13th. SWEAT hit its all-time high of $0.087 on September 14th.
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