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Hathor (HTR) is a blockchain project that aims to provide a platform for enterprise-grade decentralized applications. The project focuses on scalability, flexibility, and security, and its main goal is to make blockchain technology accessible and user-friendly. The Hathor Network is a proof-of-work blockchain that uses a dual-token system to incentivize miners and users.
Hathor has seen a rapid rise in popularity over the past few months. As of writing this article, HTR is trading at around $6.50, with a market cap of $419 million. This is a significant increase from its price of $0.02 in November 2020. The HTR price has been consistently on an upward trajectory, with some analysts predicting a further rise to around $20 by the end of 2021.
Many factors have contributed to the popularity of Hathor. One of them is its unique dual-token system, which consists of Hathor (HTR) and Energy (THOR). The HTR token is used as a governance token, while the THOR token is used as a fuel token to pay for transactions on the network. This system ensures that the network remains scalable and fast while incentivizing miners to continue supporting the network.
Another factor contributing to the rise of HTR is its partnerships with prominent companies such as Binance, BitMax, and KuCoin. These partnerships have increased the visibility of Hathor in the cryptocurrency industry and have attracted more users to the network.
Hathor’s unique approach to decentralized applications is also a significant factor in its rising popularity. The platform offers a diverse range of tools that make it easy for developers to build decentralized applications quickly and efficiently. Hathor’s focus on user-friendly design is a key reason why many investors are bullish on the project’s future.
In terms of technical analysis, HTR has created a bullish flag pattern on its daily chart. This pattern suggests a potential breakout to the upside, which could result in a significant increase in price. The Relative Strength Index (RSI) for HTR is also indicating that the cryptocurrency is currently oversold, which could indicate a potential buying opportunity.
In conclusion, Hathor is a promising project that has seen significant growth in popularity over the past few months. The unique dual-token system, partnerships with prominent companies, and user-friendly design make Hathor an attractive investment opportunity. While no one can predict the future with certainty, many analysts are bullish on HTR’s future, and a potential price of $20 by the end of 2021 is not out of reach. As always, investors should do their research before making any investment decisions and should only invest what they can afford to lose.
What’s going on guys Mike AKA crypto Jewels I’m gonna do a HTR half or uh video update here real quick I’m gonna get into the macro uh first and then I’m gonna dive into the weeds of the micro um guys first and foremost I’m not a financial advisor I do this for
Entertainment and educational purposes only so do not blindly follow anything I say or do also if you guys like the Channel please uh like subscribe hit your notifications button that way you can be notified for my new uh videos that come out um and also lastly this video is 100
Based on the assumption that the crypto Market is bottoming or has bottomed and is in a transitional period from a bearish to a bullish Market if Bitcoin and crypto in general go against us then this analysis goes out the window and it’s basically worthless and we’ll have to reevaluate and see
What’s going on from there all right let’s hop in to the chart all right so hathor um HTR uh let’s go so first in my premium Discord Group which you guys can uh I’ve got a link below if you guys want to sign up for the premium and
I also have a free the premium is a paid service the free is obviously free um this is in my premium Discord here um as you can see all the different uh altcoins that I’m charting over here on the left but anyways this is the HTR thread back in January 10th and 12th
Um we had I had signaled that the bottom is uh potentially in and this falling wedge type of pattern and from there we exploded out of it as uh as I thought we were going to just know no different than VRA all right so let’s look at the
The macro count and what we’ve got here um this entire structure over here ended up being some sort of corrective structure I’ve got an ABC here um with the seed being complete and now I’m not entirely sure yet how this wave’s gonna unfold if we will turn into
An Impulse upwards or if it will continue to be corrective so let’s look at the two different scenarios so scenario one would be this larger degree corrective structure which will throw the wave on it which would be a an ABC um you know up to pretty well close to
You know the old all-time high around two to three dollars something like that and that would that would basically uh chart out to be a zigzag so you’d have a one two three four five wave and pulse up to roughly around 60 cents or so then
You’d have a three wave retrace down for your B to anywhere from 12 to 20 cents and then you would have a c wave up uh to a dollar eighty to 350 or so this would be just a corrective structure this entire chart would be corrective and then from there we should reverse
Down uh you know and either die off or you know bottom off and end up you know maybe impulsive and the next run up so that is scenario number one if this entire wave is uh still corrective scenario number two is if this thing is impulsive if this thing is impulsive we
Are on our one two three four five wave up same Target around 60 cents but it would put in your one wave instead of your a so you would have your one two retrace down in a three-way structure down to 10 to 20 cents or so and then you would have your larger
Degree three wave up to targeting as of right now based on the fibs that I pulled targeting about nine to ten dollars and then you would have your four way of reef trace and then your final fifth wave potentially up to twenty dollars um so that is your macro bullish best case scenario
Um for HTR and as far as I’m concerned the worst case scenario again unless we you know end up completely reversing and crypto is not bottoming and not transitioning into a bear Market um this would be my worst case scenario which would be this ABC
So either way as long as the bottom is in uh this thing should give us some pretty solid gains moving forward all right so let’s hop into the micro uh Um to look at what this wave should look like let me take this off of here all right so this next wave up this next leg up we had our one two three four five with an extended fifth wave here for a one wave and then we had an ABC
For your two wave now we’ve got a potential one wave in it is also possible still until we break back Above This that this is an A B and then we’re going to have one more left C wave down but let’s just assume that the bottom is
In on this ABC and we’re impulsive up and this is a one two um this thing could get into this box it just hit the very tip top of the box here we could have one more leg down into the bottom of this box but we certainly don’t have to um
Uh so you know this thing could be the bottom this would be a w x y x z is what I believe that structure would be which doesn’t happen very often but it is possible that would be just a steep two wave and then we’ve got a three wave of
Four and your final fifth wave up so this three wave could take us up to 23 to 26 Cents or so then you would have a four wave down to 15 to 20 cents and then your final fifth wave which would put in your three wave of 41 cents
And that would be your three wave Target then you would have a four wave correction down to 22 cents or so and then your final fifth wave to put in your one as we saw on the three day or your a at 60 cents so that is ultimately what I’m seeing and depending
On how this plays out we will in my opinion either get this larger degree corrective here or this larger degree impulse taking us to 22. hope that helps guys and I will keep these updated see you later