A popular pseudonymous trader known in the industry as Flood says three altcoins will generate tremendous wealth for investors.
The analyst tells his 146,000 followers that the three crypto assets under observation are FTX Token (FTT), Solana (SOL) and Nerve Finance (NRV).
This decade will see @FTX_Official followers and speculators experience one of the greatest wealth creation cycles in history. $ FTT $ SOL $ NRV
– Flood (@ThinkingUSD) May 26, 2021
Flood is particularly vocal about FTT, the native token for the FTX Crypto Derivatives trading platform.
The trader said on Sunday when FTX fell to the $ 25 range,
“I collected FTT here. I think with a market cap of $ 2.5 billion this is pretty underestimated and all I see is FTX gaining market dominance. -60% + from the all-time high. Should reclaim $ 40 provided we recover this week. “
Portfolio weighting $ ETH $ BTC $ FTT $ NRV $ SOL
– Flood (@ThinkingUSD) May 24, 2021
According to CoinGecko, SOL, the native token of the scalable blockchain Solana, is trading at $ 29.411 at the time of writing. It’s down 6.5% on the day, but more than 23% from the week.
Automated market maker Nerve Finance (NRV) native asset is trading at $ 1.82 at the time of writing, down more than 15% from the week.
Flood, who has amassed both Bitcoin and Ethereum (ETH) since 2015, when the assets were valued at around $ 250 and $ 1 respectively, also says he is currently having the worst trading week of his career in terms of US dollar losses would have.
“In my worst USD week, despite having a fairly conservative portfolio, I just didn’t hedge enough.
A casual drawdown of $ 40 million. It won’t be difficult to get back, though. More importantly, the portfolio is leaner and the total ETH + BTC values are at their peak. “
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Selected image: Shutterstock / Vlad_Nikon