A crypto analyst who correctly called the exact bottom of the Bitcoin bear market in June 2018 says he is prepared for altcoins to burst.
The analyst, known in the industry as SmartContracter, tells his 76,000 Twitter followers that he is looking for altcoins to catch up on Bitcoin after the crypto king hit a new all-time high of $ 41,941.
The weekend starts now. https://t.co/ccT0Y0FrGM
– “Learn 4 Bluntz” (@SmartContracter) January 8, 2021
The trader claims to have invested in seven alternative crypto assets. First and foremost is the decentralized credit platform Aave (AAVE).
He is also looking for the DeFi loan and exchange platform Cream.Finance (CREAM) to catch up on other projects in this area.
“Cream is one of the few DeFi projects that has not yet fully melted. Solid 70 day accumulation, ascending triangle is starting to form, beautiful inverted head and shoulder within this uptrend.
This is a breakout and once 129 clears the next resistance is 241% higher. “
The analyst also holds the smart contract leader Ethereum (ETH), the DeFi return aggregator Yearn.finance (YFI) and the FTX Token (FTT), the trading token for the FTX derivatives exchange.
He also holds a position in Solana (SOL), a smart contract platform designed to process thousands of transactions per second.
The trader says he believes in Solana backer and FTX co-founder Sam Bankman-Fried, who recently said he would bet $ 100,000 that SOL will be above $ 2.00 in six months.
Bankman-Fried made the prediction Thursday, and the price of SOL has since risen to $ 3.11.
I’m a simple man, Sam says $ sol number won’t go down, I monkey. # apeszn https://t.co/rBxGaasWrx
– “Learn 4 Bluntz” (@SmartContracter) January 7, 2021
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