Bullish Turns On Hedera (HBAR), Short-Term Ethereum (ETH) Price Target

Key Points:

• Crediblecrypto said that he is looking to dollar cost average (DCA) into Hedera (HBAR).
• He also forecasted a price of $1,400 for Ethereum in the near future, indicating a 16% gain above current levels.

As markets start a new year, a well-known crypto trader known as Credible is suddenly optimistic about Hedera (HBAR), while having a price target of $1,400 in Ethereum, representing a 16% increase over the current levels.

Hedera (HBAR), which is presently almost 93% down from all-time highs, is the target of a dollar cost average (DCA) investment, according to the pseudonymous trader Credible’s Twitter.

We’ve retraced back to the origin of the last move from which we ran 12x after a near 12 month consolidation. If you’re bullish on HBAR it’s a great time to be DCA’ing in my opinion.

The Hedera Hashgraph system, which seeks to be a quicker, more effective, and more secure version of conventional blockchain technology, has a native coin called HBAR. The system’s foundation is a Directed Acyclic Graph (DAG), and it employs what is known as its Gossip protocol.

With a maximum supply of 50 billion tokens and 25 billion of them already in circulation, HBAR presently has a market capitalization of little under $1 billion.

Credible claims that even if Hedera has a big maximum supply in comparison to the circulating supply, once a bull market emerges, it won’t be a problem.

It’s not really an issue IMO [in my opinion]. People just want to rationalize the bearish PA [price action] and because they can’t argue against its fundamentals ‘bad tokenomics’ is an easy alternative to shift the blame to. When we begin pumping again that argument won’t stand either.

Regarding Ethereum, Credible projected a price of $1,400 in the near future on the same day, representing a 16% increase over current levels.

We got that last push down and took our local lows, now looking for continuation up to the 1st target. Note the two sets of equal lows we have left behind- I expect we come back down for those later. Check my pinned tweet for a vid made last week for more context.

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Thana

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