A widespread trader and analyst is closely watching an emerging crypto sector that he believes will soar to greater heights after the market-wide correction.
In a new tweet, the crypto strategist known as Altcoin Psycho tells his 194,600 followers that he sees the decentralized financial sector (DeFi) as the recipient of profits from irrelevant altcoin projects.
“I think that in the near future, money from dead projects will flow back into DeFi. This could give the * look * of a top, but it won’t. We will see a lot of red, but it will be in the form of an offset … When this happens, I expect money to go back into DeFi and we will see tons of DeFi projects hit new highs. “
Altcoin Psycho is one of the few analysts to pinpoint the timing of the correction in the crypto markets.
That’s exactly what I wanted.
Don’t forget about the long-term plan. https://t.co/CuSFqRMAMh
– Altcoin Psycho (@AltcoinPsycho) April 18, 2021
As for Bitcoin, the crypto strategist believes the BTC bull market has not yet closed the curtain.
“We’ll probably go down at BTC But that’s not the top of the bull cycle. “
With Ethereum (ETH) in mind, Altcoin Psycho expects the leading smart contract platform to experience an epic boom and print a new all-time high.
“If the ETH is rinsed out, I buy the dip very strong. We’re going to see ETH at $ 3,000. Not when, but when. “
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Featured image: Shutterstock / Sergey Nivens