A distinguished crypto strategist and technical analyst is revealing his plan to construct an enormous place in an under-the-radar altcoin.
In a brand new tweet, the pseudonymous analyst referred to as Cantering Clark tells his 53,000 followers that he’s trying to accumulate a brand new breed of crypto asset that targets each customers of the decentralized finance (DeFi) house and portfolio managers.
“One other mission I’m very eager on constructing a bigger place in over the following 12 months. DEXTF.”
DEXTF is an asset administration protocol designed to make it simple for customers to diversify their investments. The little-known mission makes use of the XTF fund token which capabilities like an index fund however as a substitute follows the efficiency of sure crypto property.
Fund managers can create and mint new XTF fund tokens that monitor the efficiency of varied cryptocurrencies, permitting customers to get publicity to a broad vary of cash in a single funding. Based on the protocol’s web site, holders can trade their XTF token funds on-chain identical to alternate traded funds.
DEXTF is backed by a non-anonymous team of seasoned finance and funding professionals, together with economist Alex Krüger who acts as an advisor for the mission.
Krüger, bullish on the protocol, tells his 65,000 Twitter followers that DEXTF will likely be launching structured merchandise or pre-packaged funding autos “very quickly” with the purpose of finally turning into a large income supply of DEXTF holders as soon as on-chain choices markets choose up extra steam.
Structured merchandise launching on DEXTF very quickly. Structured merchandise characterize a serious income for funding banks. As soon as onchain choices markets develop in measurement, structured merchandise ought to take DeFi by storm and grow to be a serious income for $DEXTF holders. https://t.co/a4d9GeqhLR
— Alex Krüger (@krugermacro) February 20, 2021
On the time of writing, DEXTF is trading at $2.73 with a market cap of $39.three million.
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