A crypto analyst who correctly called the precise bottom of Bitcoin’s bear market in June of 2018 says he’s prepared for altcoins to pop.
The analyst, who is known in the industry as SmartContracter, tells his 76,000 Twitter followers he’s looking for altcoins to catch up to Bitcoin after the crypto king surged to a new all-time high of $41,941.
the weekend starts now. https://t.co/ccT0Y0FrGM
— ???Yearning 4 Bluntz??? (@SmartContracter) January 8, 2021
The trader says he’s invested in seven alternate crypto assets. First on his list is the decentralized lending platform Aave (AAVE).
He’s also looking for the decentralized finance (DeFi) lending and exchange platform Cream.Finance (CREAM) to play catch-up to fellow projects in the space.
“Cream is one of the few DeFi projects not completely face melting yet. Solid 70 day accumulation, ascending triangle beginning to form, nice inverse head and shoulder within that uptrend.
This is gagging to breakout and once 129 is cleared next resistance is 241% higher.”
The analyst is also holding the smart contract leader Ethereum (ETH), DeFi yield aggregator Yearn.finance (YFI) and FTX Token (FTT), which is the trading token fueling the derivatives exchange FTX.
He also has a position in Solana (SOL), which is a smart contract platform designed to handle thousands of transactions per second.
The trader says he believes in Solana supporter and FTX co-founder Sam Bankman-Fried, who recently said he’ll bet $100,000 that SOL is above $2.00 in six months.
Bankman-Fried made the prediction on Thursday, and the price of SOL has since soared to $3.11.
Check Price Action
— ???Yearning 4 Bluntz??? (@SmartContracter) January 7, 2021
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