A crypto whale quickly making a name for itself in the industry after unveiling its hundreds of millions of dollars worth of ERC20 tokens is now sharing its predictions for Bitcoin, Ethereum and Altcoin for 2021.
The high-rolling trader known as 0x_b1 says that while Bitcoin will break its $ 1 trillion market cap, he expects it to be corrected significantly before the end of the year.
“Bitcoin breaks $ 55,000 but the BTC YE2021 closing price is <$ 30,000. Win! "
For Ethereum, the high-profile investor expects the second largest cryptocurrency to print new all-time highs (ATH).
1 / #ETH meets new ATH (s).
– 0xB1AdceddB2941033a090dD166a462fe1c2029484 (@ 0x_b1) January 4, 2021
0x_b1 also closely monitors the emerging decentralized financial area. He notes that large financial institutions will look into lending and lending platforms like Compound (COMP).
“JPMorgan, Citibank, and Goldman Sachs begin specifying composite financial-like platforms for CBDC, cross-FX, and borrowing / lending.”
He also tells his followers that leading return aggregators like yearn.finance (YFI), yAxis (YAX), and Harvest Finance (FARM) will go mainstream and create the conditions for retail investors to enter the world of DeFi.
As for YF Link (YFL), the trader believes it has the potential to more than double its value this year thanks to the actions of Chainlink (LINK) co-founder Sergey Nazarov.
“Sergey Nazarov leaves YFlinkio a charitable Chainlink oracle for Linkswap – $ 1,500 / YFL floor is set.”
Although 0x_b1 sees a number of DeFi projects doing well this year, he names two protocols that he believes will have a less than stellar 2021.
He says the 1inch decentralized exchange aggregator will rise to become the leader in stable coin exchanges at the expense of the automated market maker Curve Finance (CURVE). He also predicts that Badger, the badger DAO governance mark, will never drop below the $ 3.00 level. Meanwhile, he believes that Digger from Badger DAO is being used by Bitcoin investors as a hedge against volatility.
“BadgerDAOs BADGER never <3 $; DIGG becomes AMPL for BTC Maxis."
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Featured image: Shutterstock / Natalia80