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

  • A popular analyst believes SWEAT is in an uptrend due to its 850 percent appreciation in the past five days.
  • According to the results, the token almost reached $1 on September 13, 2022, after experiencing a sudden increase.

A popular cryptocurrency analyst has revealed plans for a growing altcoin. A strategist by the name of Pseudonymous identified as The Crypto Dog made the surprising revelation via a Twitter post. According to the post, Crypto Dog revealed its intent to get more sweat economy (SWEAT) to its 747,200 followers.

Moreover, the Crypto Dog saw that SWEAT could be in an uptrend as it is trading above the notable resistance area of ​​$0.55. This trend has led the analyst to speculate that the coin is about to hit a new all-time high.

The current state of the race

The platform is an animated token to earn that helps to mint a new token through the steps taken by the game player. According to CoinMarketcap, as of press time, the coin is trading at $0.0482 and has recorded a downward price movement of 17.46 percent in the past 24 hours. However, a closer look at SWEAT reflects how the coin has grown by 850 percent in less than a week. According to the results, the token almost reached $1 on September 13, 2022, after experiencing a sudden increase. The sudden growth amid the prevailing crypto winter is forcing further investigation into the token.

Notable side notes on race

As stated in the project’s white paper, the SWEAT team is dedicated to making the world more physically active. Meanwhile, minting digital currency will become more and more difficult over time. It will require players to take more steps on a daily basis before making fresh sweat. Furthermore, the white paper states that the increased difficulty will help maintain the token’s usefulness. This model, according to the white paper, “represents an incremental marginal cost of production.”

In addition, the team notes that the project will have a positive impact on its users. Through the white paper, the team discussed how it will help users improve their physical exercise by an average of 20 percent. Currently, SWEAT has partnered with the National Health Service to reduce the workload on global healthcare systems. However, the team emphasized the importance of users’ privacy and their data. Therefore, the team revealed that it will not sell users’ data unless users consent to it.

Remember that the project was founded in 2016, but SWEAT adopted the Play to Earn initiative in 2022. Currently, the SWEAT platform has about 110 million as the platform ranks first in the list of most downloaded apps in 58 countries this year. Soon, investors expect more funds to flow into the project in 2022. Recently, SWEAT has secured $13 million in funding from investors, and aims to conduct a public token sale soon.

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