An influential crypto trader and analyst is spotlighting three altcoins that he believes are on the verge of a breakout while Bitcoin coils up near its all-time high.
As Bitcoin retests the $57,000 level for the first time in nearly three weeks, pseudonymous crypto whale Flood, tells his 110,000 Twitter followers that he is keeping his eye on three crypto assets that may follow Bitcoin’s lead.
“Lagging assets that previously had huge runs will get bid up here. SOL (Solana). SNX (Synthetix). AAVE.
Added all with some FTT Token (FTX) profits.”
Back in late February, the margin trader also said he’s loading up a few crypto bags in preparation for the next leg of the altcoin bull cycle.
Earlier this year Flood made the bold call that Bitcoin would spend most of 2021 above $50,000 and that SNX, the governance token for decentralized finance (DeFi) protocol, Synthetix, would trade above $24 this year.
“2021 predictions: Bitcoin trades above $50,000 for the majority of 2021. SNX (Synthetix) trades above $24 this year. DeFi TVL (total value locked) 100B+ by Q4.”
SNX was trading above $24 briefly in February and is currently hovering around $21, while Bitcoin has been dancing around the $50,000 range since mid-February and is trading just under $56,000 at time of writing.
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