Prominent crypto trader and analyst Crypto Messiah is naming his top picks in the booming decentralized finance (DeFi) market.
In a new video posted on Twitter, the trader says market trends show DeFi remains in raging bull territory.
“When the trend is really strong and we’ve been looking at these bull market trends and even when the setups are bearish, they’re failing. Just like in a bear market, when you see that bullish setup and you think it’s going to go, there’s a high probability that the setup is actually going to be a failure.
The same thing applies to a bull market. Right now, we’re really bullish. Even when things might look bearish, they’re still not playing out bearish. That’s what bull markets do. We have to assume that we’re just going to be in this bull market for god knows how long.”
First on Crypto Messiah’s list is Curve (CRV). He believes the crypto asset’s market cap is set to skyrocket.
“I have no doubt that shit like Curve is going to go to a billion dollars cap. It’s inevitable… With Curve, people have to lock up this Curve to boost their liquidity farming and also to participate in governance.”
The crypto strategist is also looking at ACO (AUC). He thinks whales will rotate their capital into the relatively unknown DeFi gem to obscure their movement.
“As [whales] participate in this, when ACO adds a fee, which they are going to do after they bootstrap their growth, they’re going to use that fee to buy back Auctus token and burn it.”
Crypto Messiah is also looking forward to the progress of Cream (CREAM), which he says has an ecosystem bigger than Polkadot (DOT) and has a market share that’s relative to Ethereum (ETH).
“I’m really, really excited about CREAM right now. Binance Smart Chain just launched this weekend… Binance Smart Chain is a big fucking deal because it is going to enable DeFi to come to the Binance ecosystem.”
Meanwhile, Crypto Messiah says Darwinia Commitment Token (KTON) has the potential to rise to $500 from its current price of around $375. In addition, the trader is tracking Falconswap (FSW), Sperax (SPA), DegenVC (DGVC), and Mantra DAO (OM). He says these coins look red-hot due to their solid market structures.
Although Crypto Messiah is bullish on DeFi gems, he has warned that the market bubble will inevitably burst. In addition, Ethereum creator Vitalik Buterin says he’s exercising caution.
“I personally am steering clear of the yield farming space completely until it settles down into something more sustainable.”
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