Widely-followed crypto trader and analyst Ben Armstrong says he’s heavily accumulating one large-cap altcoin as it continues to show signs of strength.
In a new video, Armstrong tells his 795,000 YouTube subscribers that he’s buying at least $100,000 worth of Binance Coin (BNB).
“I will tell you that I have been buying the **** out of some Binance Coin lately. It’s the one major coin outside of XRP that I wasn’t holding. I have changed that… I think we now have six figures in Binance Coin.”
In addition to Binance Coin, Armstrong reveals that he’s building positions in four other crypto assets.
“Polkadot (DOT) is another one we’re going to be adding some more, too. I bought some Solana (SOL) last night. I bought some Elrond (EGLD) last night. Harmony (ONE) is next on my list to buy.”
The trader is also keeping a close watch on Ethereum, which he says is gearing up for a massive breakout as it continues to flash signs of bullishness.
“Ethereum right now is looking very strong and even when Bitcoin drops. This is when you know Ethereum is gearing up for big moves. Bitcoin has dropped and Ethereum has not really been flinching. It’s been staying above $2,100… It’s looking like the network effects of Ethereum are bearing out.”
At time of writing, Ethereum is trading at $2,393, up over 10.71% in the last 24 hours, according to CoinMarketCap.
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