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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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tithi Luadthong