Constellation

<div class="dailyhodl">
 <p>A closely followed crypto strategist believes that one small-cap layer-0 altcoin project is primed for a breakout.</p>
 <p>Pseudonymous analyst Inmortal tells his 207,600 followers on the social media platform X that scaling solution Constellation (DAG) is in an uptrend after bouncing off a key level at $0.05 following a long accumulation phase.</p>
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 <p><em>“I like DAG here.</em></p>
 <ul>
  <li><em>+400 days accumulation, completed.</em></li>
  <li><em>Breakout + accumulation retest, completed.</em></li>
 </ul>
 <p><em>Looking for expansion.”</em></p>
 <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GHWY37VX0AAlrhh?format=jpg&amp;name=4096x4096" alt="Image" width="2475" height="1243">
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   Source: Inmortal/X
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 <p>Looking at his chart, the trader suggests DAG will soar to around $0.12 by June.</p>
 <p>DAG is trading for $0.061 at time of writing, up more than 13% in the last 24 hours.</p>
 <p>The Constellation layer-0 protocol is designed to be a scalable distributed network that allows developers to build blockchains, mint crypto assets and build decentralized applications. Layer-0 refers to the base layer of a blockchain network.</p>
 <p>The project says that HGTP (Hypergraph Transfer Protocol) is the core technology of the network, comparing its layer-0 technology to protocols that create HTTP frameworks for websites.</p>
 <p><em>“Layer-0 standard is the protocol that serves as the fundamental for all other protocols built on it. Hence, it’s comparable to a well-established solution like WordPress. </em></p>
 <p><em>While WordPress created the framework for websites and businesses to be developed on HTTP, Constellation’s Layer 0 standard forms the basis for blockchain projects built with HGTP logic.”</em></p>
 <p>The trader is also bullish on decentralized finance (DeFi) altcoin Radix (XRD).</p>
 <p><em>“You know you want to do it. Break it.”</em></p>
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    <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GHXJhYJWgAEzDkk?format=jpg&amp;name=medium" alt="Image" width="1200" height="603">
     <figcaption class="wp-caption-text">
      Source: Inmortal/X
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 <p>Looking at his chart, the trader suggests Radix may print a bullish reversal descending triangle pattern if it can flip the area around $0.045 into support.</p>
 <p>XRD is trading for $0.043 at time of writing down nearly 7% in the past 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-says-under-the-radar-layer-0-altcoin-ready-for-expansion-after-long-accumulation-phase-tbt81196.html">https://thebittimes.com/trader-says-under-the-radar-layer-0-altcoin-ready-for-expansion-after-long-accumulation-phase-tbt81196.html</a></p>

Trader Says Under-the-Radar Layer-0 Altcoin Ready for Expansion After Long Accumulation Phase

TheBitTimes

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