A well-liked pseudonymous dealer recognized within the business as Flood says three altcoins will generate an enormous quantity of wealth for traders.
The analyst tells his 146,000 followers that the three crypto belongings to observe are FTX Token (FTT), Solana (SOL) and Nerve Finance (NRV).
— Flood (@ThinkingUSD) May 26, 2021
Flood is especially vocal about FTT, the native token for the FTX crypto derivatives buying and selling platform.
Explained the dealer on Sunday, when FTX had dropped to the $25 vary,
“Scooped up some FTT right here. I believe at a $2.5 billion market cap it’s fairly underrated and I solely see FTX rising in market dominance. -60%+ from the all-time excessive. Ought to reclaim the $40’s assuming we bounce this week.”
— Flood (@ThinkingUSD) May 24, 2021
SOL, the native token of scalable blockchain Solana, is buying and selling at $29.411 at time of writing, in keeping with CoinGecko. It’s down 6.5% on the day however down greater than 23% on the week.
The native asset of automated market maker Nerve Finance (NRV) is buying and selling at $1.82 at time of writing, down greater than 15% on the week.
Flood, who has been accumulating each Bitcoin and Ethereum (ETH) since 2015 when the belongings had been value roughly $250 and $1 every, additionally says he simply had the worst buying and selling week of his profession when it comes to US greenback losses.
“In all actually my worst USD week regardless of a reasonably conservative portfolio, simply didn’t hedge sufficient.
An off-the-cuff -$40MM drawdown. Not going to be laborious to make it again although. Extra importantly, portfolio is leaner and ETH + BTC totals are at all-time highs.”
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