A outstanding crypto strategist and dealer says he’s retaining his eyes peeled on two low-cap cash.
Josh Rager says he’s bullish on the brand new crypto tasks, which had been each created by a pseudonymous determine often known as Invoice Drummond.
You need to know why I am so bullish on $XAMP and $TOB
The founder @burn_the_state is for the folks and not too long ago went into element on this matter
With a spotlight to steer cryptocurrency again in the fitting route: the route of innovation and freedom
(in contrast to many tasks) pic.twitter.com/M1Vta0M8nJ
— Josh Rager 📈 (@Josh_Rager) August 23, 2020
Tokens of Babel (TOB) is an Ethereum-based asset that introduces a brand new twist to coin burns referred to as rebasing. The thought is to burn TOB tokens at any time when sure circumstances are met whereas sustaining the holder’s share of the whole provide. Holders who maintain 5% of the provision will all the time personal 5% of the provision however the variety of tokens in circulation is decreased, making it costlier for brand new holders to buy TOBs.
As for Antiample, the token’s distinctive use case is to see the impression of deflationary forces by consistently destroying cash. If the value of XAMP decreases, the provision of the crypto asset is diminished in an effort to drive the value of the coin.
From a technical perspective, Rager says he believes that each XAMP and TOB are poised to print new all-time highs.
$XAMP and $TOB about to get thrilling
Now you can yield farm XAMP and TOB (present liquidity) on Uniswap to get $ASH
I sense new all-time highs sooner or later https://t.co/KQAPGByRuf pic.twitter.com/0YHsshgPhB
— Josh Rager 📈 (@Josh_Rager) August 20, 2020
In the meantime, the crypto dealer says he believes that Chainlink will regain its footing so long as it may reclaim a key stage.
“I do want to eventually see it close above this area around $16.60 and if it can move on up there, close above there, I think it’s going to continue to move on up.”
Along with Chainlink, Rager is bullish on Bitcoin (BTC) and Ethereum (ETH). He expects them each – together with Zcash (ZEC) and the small-cap coin YF Hyperlink (YFL) – to renew their uptrend so long as Bitcoin can stay above $10,500.
“Happy with this weekly [Bitcoin] close – prior resistance that held for multiple years. Now holding as support so far. If the daily can stay above $10,500 and weekly about $11,500 – should be a continuation to upside if so.”
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