Crypto trader and influencer Elliot Wainman believes certain sectors of the crypto market are about to break out.
Wainman tells his 197,000 subscribers on YouTube that he frequently navigates the crypto markets, finding opportunities when the market is declining and most traders are scared.
“When people got too bearish yesterday, I got pretty bullish. When the people on Bitcoin were overwhelmed, I looked at the Altcoins. It is in the nature of predicting the next move and staying one step ahead of the game. This way you don’t just get a small 20%, 30% pump. This is how you get those Xs and wins. ”
The trader is also sharing a signal that could indicate that it is time for altcoins to outperform Bitcoin.
“People are starting to think, ‘Well if Bitcoin is moving 10%, 20%, why do I have to be in those riskier altcoins? ‘And it is precisely this mindset that drives everyone out of the alts and makes everyone stop paying attention to the alts. You want to take advantage of that because you have a chance to see this next step, which I think is inevitable. “
“Look at 88mph (MPH). Up 300% against Bitcoin. Injective (INJ) Up 60% Against Bitcoin On Day 7 [timeframe]. We increased THORChain (RUNE) by 33% compared to Bitcoin. KeeperDAO ROOK, one of my favorites, improved 100% over Bitcoin. ChainX (PCX) up 42%. Hegic up 52%. API3 increases by almost 200% versus Bitcoin.
This is where you get those profits even if you just want to stack more sats and more bitcoin. You have the option to do this by getting your hands on good alts before they take off, before they go mainstream, and before they become the talk of the town. ”
Expecting Distributed Financial Assets (DeFi) to see the most explosive rallies, Wainman says some of his top picks are the API3 data oracle, the Marlin network optimization protocol (POND), and the Decentralized Capital Markets Alliance Block (ALBT).
Wainman says he’s also optimistic about non-fungible tokens (NFTs).
“The old season is here. Altcoin dominance is growing. We have a declining index of crypto fear and greed. We have NFTs (non-fungible tokens) that are absolutely booming which is very exciting for me. Hearing that so many people are very skeptical and really see the basics may not always be the case, but it could be an indicator that you are up to something and the dividends on that bet will pay off dramatically.
That was Altcoins for the past few months and years. This is [what] I believe DeFi (decentralized funding) will continue to be what people wrote off as dead since the end of the August boom. ”
Don’t Miss A Beat – Subscribe to send crypto email notifications straight to your inbox
Follow us on Twitter, Facebook and Telegram
Featured image: Shutterstock / ParabolStudio