A crypto whale who is quickly building a reputation in the industry after revealing his trove of ERC20 tokens worth hundreds of millions of dollars is now sharing his Bitcoin, Ethereum and altcoin predictions for 2021.
The high-rolling trader known as 0x_b1 says that while Bitcoin will breach the $1 trillion market cap, he expects it to significantly correct before the end of the year.
“Bitcoin breaks $55K, but BTC YE2021 close is < $30K. Wins!”
As for Ethereum, the high-profile investor expects the second-largest cryptocurrency to print new all-time highs (ATH).
0x_b1 is also keeping close tabs on the nascent decentralized finance space. He notes that large financial institutions will dabble in lending and borrowing platforms such as Compound (COMP)
“JPMorgan, Citibank, Goldman Sachs begin to spec compoundfinance-like platforms for CBDC, cross-FX, and borrowing/lending.”
He also tells his followers that leading yield aggregators such as yearn.finance (YFI), yAxis (YAX), and Harvest Finance (FARM) will become mainstream and set the stage for the entry of retail investors in the world of DeFi.
As for YF Link (YFL), the trader believes it has the potential to more than double its value this year due to the actions of Chainlink (LINK) co-founder Sergey Nazarov.
“Sergey Nazarov bequeaths a non-profit Chainlink oracle to YFlinkio for Linkswap – $1500/YFL floor is set.”
Although 0x_b1 sees a number of DeFi projects doing well this year, he names two protocols that he believes will have a less than stellar 2021.
He says decentralized exchange aggregator 1inch will ascend as the leader of stable coin swaps at the expense of automated market maker Curve Finance (CURVE). He also predicts that Badger, the governance token of Badger DAO, will never go below the $3.00 level. Meanwhile, he thinks Badger DAO’s Digg will be used by Bitcoin investors as a hedge against volatility.
“BadgerDAO’s BADGER never < $3; DIGG becomes AMPL for BTC Maxis.”
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxFeatured Image: Shutterstock/Natalia80