Popular crypto analyst Credible Crypto, also known as the Ripple prophet, says an institutional-grade altcoin project that focuses on security and compliance while also keeping an eye on the leading crypto Bitcoin (BTC) is poised for recovery. We have prepared the analyst’s posts for Kriptokoin.com readers.
Altcoin project Hedera is poised to take off
Popular crypto analyst nicknamed Ripple seer Credible Crypto has 309,500 Twitter followers highlighting weekly HBAR demand in a series of three ‘drivers’ dating back to March last year. The chart says that Hedera (HBAR) is in a bullish trend.
History doesn’t repeat itself, but it often rhymes…
When pressed for more clarity by a follower, the crypto analyst predicts that demand exceeds supply and Hedera’s price.
Multiple HTF [high time frame] fluctuations for the same region suggest that buyers stepped in to buy the dip in that area and we got a reversal when demand exceeded supply during a correction.
When the crypto guru was also asked about the ‘stable’ price of HBAR, he explained:
Consolidation precedes expansion. Whatever they do, once the speculators break out, they will come and take care of the rest.
According to CoinMarketCap data, Hedera (HBAR) is currently the 33rd cryptoasset by market cap. At the time of writing, the altcoin price was trading at $0.24, losing 4.34% on a daily basis. Currently, HBAR is down 58% from the all-time high of $0.5701 it saw 5 months ago.
Ripple seer expects a return to $45-47k for Bitcoin
Switching to Bitcoin (BTC), Credible Crypto followed a tweet that addressed the sideways price action of BTC from Monday. is doing. The Ripple seer says he thinks Bitcoin is ready to surpass $45,000 next:
A nice break above the red zone overnight. I have no doubt that we will return 45-47 thousand dollars from here.
However, the leading crypto Bitcoin (BTC) was trading at $ 41,119, down 5.98% daily at the time of writing.
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