A popular crypto whale and analyst reveals his top altcoin picks and offers his predictions for Bitcoin price development in 2021.
The trader, known in the industry as Flood, shares some of its biggest predictions for the crypto space this year with its 92,000 followers.
“Forecasts for 2021: Bitcoin will trade above $ 50,000 for most of 2021. SNX (Synthetix) trades over $ 24 this year. DeFi (decentralized funding) TVL (total locked) 100B + through fourth quarter. “
The crypto whale is hosting an Ask-Me-Any (AMA) session on Twitter and providing a straightforward answer to the question of whether Bitcoin can climb to $ 100,000 this year.
In addition to SNX and Bitcoin, the trader is also optimistic about the credit and credit protocol Aave and Ethereum competitor Polkadot (DOT).
Turning to XRP, Flood names a catalyst that could allow Ripple’s native asset to catch up with its large-cap counterparts.
“XRP is actually in an interesting place right now as a lawsuit settlement could be a bullish catalyst and pump up, but right now I think there are better assets out there.”
When asked about his biggest loss on Bitcoin, Flood said he lost 44 BTC while the leading crypto asset was trading at $ 7,800.
As for its biggest wins in a single day, the crypto whale finds that it has made nearly a million dollars once in a 24 hour period.
“+ $ 880,000 in 24 hours on a short on derivatives, but spot swings are way more than that every day at this point.”
The trader also responds to a question about how he could grow his account enough to be able to trade consistently on seven or more numbers.
“6 years, blood sweats and tears, $ 20,000 or so, and just keep yearning.”
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Featured image: Shutterstock / Tithi Luadthong