A cryptocurrency strategist who follows closely believes one small-cap layer 0 altcoin project is poised for a breakthrough.
Pseudonym analyst Inmortal says 207,600 followers on social media platform
“I love it here at DAG.
- +400 days accumulated.
- Breakout + cumulative retest completed.
“Looking for expansion”
Looking at his charts, the trader suggested that DAG would soar to around $0.12 by June.
DAG is trading at $0.061 at the time of writing, up more than 13% in the last 24 hours.
The Constellation layer-0 protocol is designed to be a scalable, decentralized network that allows developers to build blockchains, issue cryptocurrency assets, and build decentralized applications. Layer-0 refers to the basic layer of the blockchain network.
In this project, Hypergraph Transfer Protocol (HGTP) is the core technology of the network and Layer 0 technology is compared to the protocol that creates the HTTP framework for websites.
“The Layer-0 standard is the protocol that serves as the foundation for all other protocols built on top of it. This makes it similar to well-established solutions like WordPress.
While WordPress created a framework for websites and businesses to develop on HTTP, Constellation’s Layer 0 standard forms the foundation for blockchain projects built with HGTP logic.”
The merchant is also optimistic Describes decentralized finance (DeFi) altcoin Radix (XRD).
“You know what you want to do. Destroy it.”
Looking at his chart, the trader suggests that if Radix can turn the area around $0.045 into support, it could print a bullish reversal descending triangle pattern.
XRD is trading at $0.043, down nearly 7% over the last 24 hours.
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