RATE Group | This Google Linked Cryptocurrency Surged by 300%, But Data Suggests It May Soon Plummet
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This Google Linked Cryptocurrency Surged by 300%, But Data Suggests It May Soon Plummet

13 Feb This Google Linked Cryptocurrency Surged by 300%, But Data Suggests It May Soon Plummet

Posted at 02:02h in Cryptocurrency News by

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The recent Bitcoin-induced bull market has led many smaller altcoins to begin surging, making the current market condition look strikingly similar to that seen in 2017 when BTC’s rally allowed other cryptocurrencies to incur parabolic uptrends.

One example of a relatively small crypto that has seen insane gains over the past couple of days is Hedera Hashgraph, which was able to post and over 300% rally in under 48 hours, with this rally coming about after news broke that Google is taking an active stake in the public network’s governance.

Interestingly, it appears that search trends relating to the key phrase “Hedera Hashgraph” seemed to give traders some insight that a major movement was brewing before its price began climbing.

Now, this same indicator seems to suggest that the cryptocurrency may soon nosedive as investors begin taking profits.

This Largely Unknown Cryptocurrency’s Rally Occurs as “Altseason” Kicks Off

In some ways, it appears that Hedera Hashgraph’s…

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