A popular pseudonymous trader known in the industry as Flood says three altcoins will generate a massive amount of wealth for investors.
The analyst tells his 146,000 followers that the three crypto assets to watch are FTX Token (FTT), Solana (SOL) and Nerve Finance (NRV).
— Flood (@ThinkingUSD) May 26, 2021
Flood is particularly vocal about FTT, the native token for the FTX crypto derivatives trading platform.
Explained the trader on Sunday, when FTX had dropped to the $25 range,
“Scooped up some FTT here. I think at a $2.5 billion market cap it’s pretty underrated and I only see FTX growing in market dominance. -60%+ from the all-time high. Should reclaim the $40’s assuming we bounce this week.”
— Flood (@ThinkingUSD) May 24, 2021
SOL, the native token of scalable blockchain Solana, is trading at $29.411 at time of writing, according to CoinGecko. It’s down 6.5% on the day but down more than 23% on the week.
The native asset of automated market maker Nerve Finance (NRV) is trading at $1.82 at time of writing, down more than 15% on the week.
Flood, who has been accumulating both Bitcoin and Ethereum (ETH) since 2015 when the assets were worth roughly $250 and $1 each, also says he just had the worst trading week of his career in terms of US dollar losses.
“In all certainly my worst USD week despite a pretty conservative portfolio, just didn’t hedge enough.
A casual -$40MM drawdown. Not going to be hard to make it back though. More importantly, portfolio is leaner and ETH + BTC totals are at all-time highs.”
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