As you can see, HBAR has struggled to maintain its demand levels even when BTC was consistently uptrending.
Although this token can be considered as a good long-term opportunity because of its "Hasgraph" technology, it can be affected by the low quantity in circulation. The HBAR team publishes monthly reports with the dates of the respective token unlocks.
The massive gains it has made since its ICO in 2018, could produce big waves of sales in the mid-term until new investors determine its future value.
At this point, it is in a situation similar to the analysis we did of GRT. We could have two scenarios, if BTC recovers its uptrend, it could boost the capitalization of the entire market, and after the rush of possible sales, we could catch purchases at a good price. On the other hand, if BTC continues to fall and the major Altcoins continue their bull run in the coming weeks, HBAR could be left struggling with its price action.
This is not a recommendation for you to sell, or to place shorts, as we this token as revolutionary in a long-term approach.
Stay tuned in our socials! Check our Crypto Telegram!
Best wishes, Alkaline.
Although this token can be considered as a good long-term opportunity because of its "Hasgraph" technology, it can be affected by the low quantity in circulation. The HBAR team publishes monthly reports with the dates of the respective token unlocks.
The massive gains it has made since its ICO in 2018, could produce big waves of sales in the mid-term until new investors determine its future value.
At this point, it is in a situation similar to the analysis we did of GRT. We could have two scenarios, if BTC recovers its uptrend, it could boost the capitalization of the entire market, and after the rush of possible sales, we could catch purchases at a good price. On the other hand, if BTC continues to fall and the major Altcoins continue their bull run in the coming weeks, HBAR could be left struggling with its price action.
This is not a recommendation for you to sell, or to place shorts, as we this token as revolutionary in a long-term approach.
Stay tuned in our socials! Check our Crypto Telegram!
Best wishes, Alkaline.
