HOTCROSSUSDT 1W analysis hot has reached its mm area and also has a strong increase in volume , it can be good for buying.
HOTCROSSUSDT trade ideas
$Hotcross- The Formidable OnesHotcross guys are like the tool guys for blockchain applications and operations.
Came across them On Kucoin Spotlight projects months ago.
I was kinda expecting it to dip down to like .18 but surprisingly its still hovering between 0.3 and 0.4
I think it is going to drop lower to like 0.31 if that 200MA support doesn't hold. Already giving a LH and LL with those descending wedge but generally its bullish(see the up trend line)
Hot Cross - An Early GemOver time, I expect the price of Hot Cross to make at least 1000% returns from current price of ~.21
Why is this a sound long-term trade?
1. On-balance volume is spiking to a recovery after the recent market slump, with $BNB leading the run.
2. With a circulating supply of 93m, and a current market cap of 19.4m, a 500m market cap would bring us to a price of 5.377
3. We will re-enter the lower end of the beam bands indicator at roughly .28
Why do I believe in the team, and why am I treating this as a venture capital investment?
1. The team is developing a solution (JavaScript SDK and REST API) to mint and deliver NFTs cross-chain between BSC and ETH, and in the future potentially on DOT also.
2. The team refuses to over-promise deadlines and over-ambitious feature ideas. They know they are a small team and are sticking to AGILE principles.p
3. The group is mindful of how much "candy" incentive they give. They released around 7-8m HOTCROSS tokens into the ecosystem through staking pools on crosspool.hotcross.com and are pushing back on adding more, to avoid inflation.
To conclude, I'm long on this investment because I don't believe there is a place where ETH, BSC, DOT, or ADA win a "main chain race", I believe everybody will participate in different ways, and HOTCROSS is a platform that enables blockchain teams to deliver their value to participants on all chains.
