- A crypto strategist who is heavily followed by the crypto community says he has amassed a little-known altcoin that has exploded more than 850 percent in less than a week.
The popular crypto analyst using the alias The Crypto Dog has 747,200 Twitter followers, a new move-to-earn cryptocurrency. To Sweat Economy (SWEAT) He stated that he had accumulated a lot of money.
I shilled this before I really filled.
Loaded up $sweat now. Nailbiter for a second as I was filling bids but got the reaction I wanted to see at support.
Now for patience to let the wedge finish out. I’m not married here and will jump if my highlighted support falters. https://t.co/uBYeb5F0Vx pic.twitter.com/h54ATd0x6s
— The Crypto Dog🫐 (@TheCryptoDog) September 16, 2022
Koinfinans.com As we reported in the Sweat Economy whitepaper, the crypto asset sets itself apart from other move to earn tokens by requiring gradually more steps to mint each new SWEAT.
“To achieve our vision of making the world more physically active, it will be harder to push SWEAT over time.
“To achieve our vision of making the world more physically active, SWEAT will become more difficult to mint over time. This not only encourages users to take immediate action as their movement provides more SWEAT today than tomorrow, but also preserves the benefit of SWEAT as the model represents an ever-increasing marginal cost of production.”
From a technical standpoint, The Crypto Dog says SWEAT is bullish as it trades above the key $0.55 resistance area. The crypto strategist also predicts that SWEAT could potentially record an all-time high.
“Quick SWEAT update: we didn’t get the momentum. But I don’t think we care. SWEAT continued to march upwards, outperforming nearly all other cryptocurrencies. There is an increase of more than 20 percent per day.
Will he go to heaven? We are only 25 percent off our all-time high. We can get past that and move to the right if we evaluate it rationally.”
At the time of writing, SWEAT is trading at $0.067, up nearly 26 percent on the day. This means an increase of over 857 percent compared to the altcoin’s price of $ 0.007 on September 13. SWEAT hit an all-time high of $0.087 on September 14.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.