This Altcoin is piling up and up 850% in the last 5 days

  • Popular Analyst believes SWEAT is on a bullish run due to its 850 percent appreciation in the past five days.
  • According to findings, the token reached nearly $1 on September 13, 2022, after experiencing a sudden surge.

A popular cryptocurrency analyst has revealed plans to acquire a growing altcoin. The pseudonymous strategist identified as The Crypto Dog made the surprising disclosure via a Twitter post. According to the post, Crypto Dog revealed his intention to acquire more Sweat Economy (SWEAT) to his 747,200 followers.

Additionally, Crypto Dog believed that SWEAT could be a bullish trend as it trades above a notable $0.55 resistance area. This trend prompted the analyst to predict that the token is about to hit a new all-time high.

Current state of SWEAT

The platform is a move-to-earn token that aids in minting a new token through steps taken by a gamer. According to CoinMarketcap, the coin is trading at $0.0482 at press time and has registered a downward price movement of 17.46 percent in the past 24 hours. However, a closer look at SWEAT reveals how the token has grown 850 percent in less than a week. According to findings, the token reached nearly $1 on September 13, 2022, after experiencing a sudden surge. The sudden growth amid the prevailing cryptocurrency winter requires further research around the token.

Notable notes on SWEAT

As stated in the project’s whitepaper, the SWEAT team aims to make the world more physically active. Meanwhile, hitting the token will become more difficult with time. It requires gamers to take more steps daily before hitting fresh SWEAT. Furthermore, the Whitepaper states that the increasing difficulty will help to maintain the usability of the token. This model, according to the Whitepaper, “represents an ever-increasing marginal cost of production.”

In addition, the team indicates that the project will have a positive impact on users. Through the white paper, the team discussed how it will help users improve their physical activity by an average of 20 percent. Currently, SWEAT has been working with the National Health Service to reduce the workload on global healthcare systems. Still, the team stressed the importance of user privacy and their data. That’s why the team announced that it wouldn’t sell users’ data unless users approve.

Recall that the project was founded in 2016, but SWEAT embraced the play-to-earn initiative in 2022. At the moment, the SWEAT platform has about 110 million people, as the platform is number 1 on the list of most downloaded applications in 58 countries this year. Soon, investors should expect more money into the project in 2022. Recently, SWEAT raised $13 million from investor funding and it aims to hold a public token sale soon.

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