Hatom (HTM) - Promising small-cap crypto for yield in DeFiHatom (HTM) shows notable strength in the daily chart after breaking out from the 30-day exponential moving average (1D 30EMA) on August 19. What acted as a strong resistance from March to August (testing twice in the meantime) can now become strong price support moving forward - currently at ~$0.89 (the 30EMA).
The daily RSI also displays a strong uptrending momentum, at 62.77 by post time.
Fundamentally speaking, Hatom Protocol is one of the most solid and promising DeFi protocols I have found and experienced using in crypto. Hatom Labs, the core developer, is setting solid new standards by the way they do business (multiple tests, plenty of security audits, no rush to launch or make announcements, not trying to induce FOMO with marketing gimmicks, etc.)
They have recently made the 9th protocol update after one year of launch and this is another aspect I like about the project: Hatom Lab's communication strategy - clear of noise.
They reserve their comms for relevant announcements only, as security is their north star.
The recent announcement (which can be found on X @HatomProtocol) revealed some really exciting features ahead for yield farming/generation through liquidity, lending, and booster operations.
They are also launching a decentralized overcollateralized stablecoin called USH to compete with Sky's (formerly MakerDAO) DAI. Which, in my opinion, is very much needed and appreciated. We need more of these solid decentralized stablecoins around.
I'm invested in HTM for the mid- to long-term, but I also think that, right now, the token offers a good long opportunity, so I'm also longing it for the short-term, eyeing the ATH at a first target.
It's important to note that Hatom is a small-cap crypto, so beware of all the risks that come with this kind of asset.
It runs on the MultiversX (EGLD) chain, but are also planning to expand to other chains.
Can buy via the xExchange DEX and long on AshPerp.
