Recently, HFT cryptocurrency has shown a sharp rise, reaching 105% in a short period. This article examines the reasons for this phenomenon and its impact on the market.
Overview of HFT's Surge
HFT cryptocurrency has surpassed the 100% mark in the last 24 hours of trading. At its peak, the token reached $0.151 but has slightly declined to around $0.14. The current growth stands at 99.2%, which looks promising compared to the price of $3.61 it once achieved.
Reasons for Increased Trading Activity
The increase in trading activity related to HFT may be attributed to its recent integration into the Solana network, actively supported by major exchanges. This feature allowed users to deposit and withdraw funds through Solana on platforms like Binance. As noted by Hashflow in their official account, 'A new chain. Faster Execution. Broader reach.'
Future Expectations and Plans
Hashflow initially launched on Ethereum and later expanded to other platforms such as BNB Chain and Avalanche. Additionally, the project clarified its token unlocking mechanism, which will occur linearly over three to five years. The team also plans to issue 4% more HFT annually at a steady rate.
The sharp rise in HFT may result from both active trading actions and strategic decisions by the team, which, combined, creates confidence among traders and market participants.
