A closely-followed analyst and trader whose following continues to grow amid his solid altcoin calls is unveiling a list of six crypto assets that he believes are poised to explode in value.
In a new tweet, the trader known in the industry as Kaleo says he’s long on utility token Binance Coin (BNB) as he believes that a breakout could potentially catapult the third-largest crypto asset to $800, representing gains of nearly 200% from its current price of $272.
“BNB anddddd it’s breaking out. Now if we could just get a move similar to the last one.”
Another coin on Kaleo’s radar is automated market maker PancakeSwap (CAKE) which is targeting its all-time high (ATH) of $21.41.
“I like cake, so I bought CAKE… CAKE almost back to the old ATH.”
Next up is peer-to-peer file transfer token BitTorrent (BTT), a coin that the trader says can skyrocket over 230% from its current price of $0.003 in the short term.
“BTT finally looks ready to rip… Break through ATH accumulation and send it to a penny.”
Coming in at number four is forgotten smart contract platform EOS.
“EOS somehow doesn’t look like complete sh*t. I grabbed a bag.”
According to Kaleo’s chart, EOS may be gearing up for a big move up after carving a local bottom.
The fifth coin on the trader’s list is peer-to-peer data storage payments coin Siacoin (SC) as he bought a bag expecting the altcoin to print massive gains against Bitcoin (SC/BTC).
“Just opened a long. Funny enough, the price is actually almost exactly what it was 4 years ago in March of 2017 before it erupted. This should be one of those buy a small bag and forget about it until it takes off plays, similar to what DOGE (Dogecoin) was last year.”
The last coin is Dent (DENT/USD), an international exchange for mobile data based on the Ethereum blockchain. The trader notes it is only a matter of time before the crypto asset erupts.
“I also picked up a bag of DENT I plan on holding. Still a 10x away from ATH, and same theory as SC/BTT, etc. It’s low sat sh*tcoin season.”Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
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Featured Image: Shutterstock/Tithi Luadthong