A outstanding crypto strategist and technical analyst is revealing his plan to construct a giant place in an under-the-radar altcoin.
In a brand new tweet, the pseudonymous analyst often known as Cantering Clark tells his 53,000 followers that he’s seeking to accumulate a brand new breed of crypto asset that targets each customers of the decentralized finance (DeFi) house and portfolio managers.
“One other undertaking I’m very eager on constructing a bigger place in over the subsequent 12 months. DEXTF.”
DEXTF is an asset administration protocol designed to make it straightforward for customers to diversify their investments. The little-known undertaking makes use of the XTF fund token which capabilities like an index fund however as an alternative follows the efficiency of sure crypto belongings.
Fund managers can create and mint new XTF fund tokens that monitor the efficiency of assorted cryptocurrencies, permitting customers to get publicity to a broad vary of cash in a single funding. In accordance with the protocol’s web site, holders can trade their XTF token funds on-chain similar to change 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 undertaking.
Krüger, bullish on the protocol, tells his 65,000 Twitter followers that DEXTF might be launching structured merchandise or pre-packaged funding automobiles “very quickly” with the objective of finally changing into an enormous 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 symbolize a significant income for funding banks. As soon as onchain choices markets develop in dimension, structured merchandise ought to take DeFi by storm and turn into a significant 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 $39.3 million.
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