HFT - SHIT COIN LAUNCHPOOL OR HIDDEN GEM.
🔥Fundamental analysis
- HFT is a decentralized exchange with a trading volume of more than 10B$ in 2021 - proving a high volume exchange
- HFT was raised capital with more than 30.95M$ , of which 25M$ came from Coinbase - a top fund - building credibility
- HFT was proven by Launchpool to have the necessary level of prestige and finance to get Binance for Launchpool at that time.
🔥Tokenomics analysis.
- With a total supply of 1B coins in which the community reward is 11.58%, the value of coins in circulation is only 365.31M coins, meaning that if Launchpool participants sell them all, there will be more than 250M coins in circulation. will belong to the DEV team and the foundation.
- Meanwhile, DEV accounts for nearly 19.32%, the fund only accounts for 16%, meaning the coin price is more affected by DEV. But the problem is that in tokenomics there are 34.56% of coins that do not belong to anyone. That means the fund will have to accumulate these coins to push.
🔥Technical analysis.
- HFT is still in the accumulation zone with no price breakthrough so it receives little attention.
- At the beginning of the year and the end of 2023, we can see HFT is searching for the bottom.
- Most recently, it can be seen that HFT price has swept back to the old bottom, which may be a confirmation of retail investors' selling out.
- The money flow indicator also shows that there are signs of bottom fishing.
All are just personal opinions and not investment advice. Follow and contact admin via ZL (0.8.9.6.4.3.7.7.1.o) to find hidden gems.