A well-liked pseudonymous dealer identified within the business as Flood says three altcoins will generate a large quantity of wealth for traders.
The analyst tells his 146,000 followers that the three crypto property 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 feel 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, based on 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 property have been price 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 definitely my worst USD week regardless of a fairly conservative portfolio, simply didn’t hedge sufficient.
An off-the-cuff -$40MM drawdown. Not going to be arduous to make it again although. Extra importantly, portfolio is leaner and ETH + BTC totals are at all-time highs.”
Disclaimer: Opinions expressed at The Every day Hodl usually are not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any loses it’s possible you’ll incur are your duty. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please notice that The Every day Hodl participates in online marketing.
Featured Picture: Shutterstock/Vlad_Nikon