This morning, the overall cryptocurrency market momentum didn’t look too inspiring. Minor losses for all top markets usually trickle down to bigger losses for most altcoins. It appears that is not necessarily the case today. If the HyperCash price is any example, things will get pretty interesting moving forward.
Strong HyperCash Price Trend is Surprising
It has been a while since anyone actively talked about HyperCash without referring to its price. The project is still undergoing some big developments as of late, thus it is only normal there isn’t anything to get “hyped up about” until it is effectively completed. One such development has recently been finalized, which could spell positive momentum for this particular altcoin.
Over the past 24 hours, there has been a 15% increase where the HyperCash price is concerned. This rise affects both the USD and BTC value alike. As such, one HC is now priced at $1.31, or 35,822 Satoshi. Very solid gains all across the board, although there is some concern as to how long the uptrend may remain in place.
The big HyperCash news of the week is how their post-quantum linkable ring signature code has been successfully completed. As the development comes to a close, it seems to be a matter until it will be deployed on the main network. For now, it will primarily be tested on the testnet, as there may still be some bugs which need to be ironed out in the coming days.
— H.cash (@HcashOfficial) February 8, 2019
When it comes to the HC price trend, it is very difficult to determine whether or not this is still a good price to buy in. After a 15% gain, chasing the top will usually lead to major losses. Cynotronic Signals seems to indicate a push to 44,900 Satoshi may loom ahead, although that would require a lot of work. Nothing is impossible, but another 30% gain seems rather unlikely at this point.
Coin/Token: #HyperCash $HC $HCBTC
Conditions for entry: If/when price = or > 3939 sats
Target I (major RES): 4499 sats
Other TP and/or exit zone: 5000, 5700 sats#dyor $BTC $XBT $BTCUSD $XBTUSD $USDBTC $USDXBT#CynotronicCalls #CynotronicSignals #SatoshiHunter pic.twitter.com/Fu3VG9a2X8
— Cynotronic Signals (@Cynotronic_btc) February 10, 2019
It is interesting to note Dutchman knew the pump would materialize over the weekend. His recent chart shows there would be a HyperCash pump in the coming hours, which has effectively materialized. A key level is fast approaching, though, and failing to break it in a convincing manner will potentially nullify all of these gains. As such, today will prove to be very crucial for HyperCash and its future valuation.
— Dutchman 🏄🏼♂️ (@Dutchmannnnnn) February 9, 2019
It is not uncommon for random altcoins to pump – and subsequently dump – over the weekend. The flavor of the week is clearly HyperCash, yet it may not necessarily maintain its current price level for very long. There isn’t too much trading volume going around either, which can easily cause a setback over the next few hours. Even so, it is one of the more appealing markets to keep an eye on from a speculative point of view.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.