A popular crypto analyst who correctly dubbed Bitcoin’s bear market low in 2018 says he is reloading multiple altcoins as Ethereum and Bitcoin suffer from price drops.
Smart Contracter tells its 84,000 Twitter followers that BTC could be on its way to $ 26,000 after failing to hold $ 33,000.
He shares a chart from a fellow analyst who believes Bitcoin will continue to decline until it bottomed out at the end of the month.
During the correction, the smart contracter buys the dips for Aave (AAVE), Synthetix (SNX), Creme (CREAM), Chainlink (LINK), Uniswap (UNI), SushiSwap (SUSHI) and Perpetual Protocol (PERP).
“Woke up and drove the truck back. Loaded into almost every one of my favorite decentralized finance (DeFi) projects.
Wow, you really want ticker, hey, I like Aave, Snx, Sahne, Link, Uni, Sushi, Defi, Perp. “
Aave is a peer-to-peer lending platform that is up 114% in the past 30 days, according to CoinGecko. It is trading at $ 180.40 at the time of writing.
Cream is another credit platform that smart contracters previously touted and that is dubbed the “next aave”. The crypto asset is trading at $ 153.44 at the time of writing and is up 158.4% in the past 30 days, according to CoinGecko.
SNX is a synthetic asset protocol that is trading at $ 13.46 at the time of writing. According to CoinGecko, it’s up 85% in the past 30 days. Chainlink is an oracle network that is trading $ 19.52 at the time of writing and is up 52% over the past month.
Uniswap and SushiSwap are the first and second most popular decentralized exchanges. SUSHI is up more than 135% in the last month and is trading at $ 6.41 at the time of writing, according to CoinGecko. UNI is trading at $ 8.16 and is up more than 117% in the past 30 days.
Perpetual Protocol is a decentralized platform for trading perpetual contracts that allows users to place long or short bets with leverage of up to 20x on assets such as Bitcoin (BTC), Ethereum (ETH), gold and crude oil. It’s up a whopping 345.7% in the past 30 days, according to CoinGecko, and is trading at $ 4.81 at the time of writing.
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Featured image: Shutterstock / Ellerslie