Crypto trader and influencer Elliot Wainman says he believes some sectors of the crypto market are about to explode.
Wainman tells his 197,000 subscribers on YouTube that he often steers the crypto markets by finding opportunities when the market is down and most traders are scared.
“As people started to get too bearish yesterday, I started to get pretty bullish. When people were over-stretched on Bitcoin, I was looking at the altcoins. This is the nature of anticipating the next move and being one step ahead. That’s how you don’t get a little 20%, a 30% pump only. That’s how you get those Xs and gains. ”
The trader also shares a signal that could indicate that the time has come for altcoins to outperform Bitcoin.
“People are starting to think, ‘Well, if Bitcoin is moving 10%, 20%, then why do I need to be in these riskier altcoins?’ and that is exactly the mentality that drives everyone out of the algae and makes everyone stop paying attention to the algae. That’s what you want to take advantage of because you have a chance to see this next move coming, which I think is inevitable. ”
“Look at 88mph (MPH). Up 300% against Bitcoin. Injector (INJ) up 60% against Bitcoin on the seven days [timeframe]. We have THORChain (RUNE) up 33% against Bitcoin. ROOK KeeperDAO, one of my favorites, up 100% against Bitcoin. ChainX (PCX) up 42%. Hegic up 52%. API3 up almost 200% against Bitcoin.
This is where you get these returns even if all you want to do is stack more sats and stack more Bitcoin. You have the opportunity to do that by getting good algae before they ascend, before they go mainstream and before they speak the town. ”
Wainman believes that devolved finance assets (DeFi) will witness the most explosive rallies and says some of his top choices are the API3 data oracle, the Marlin network optimization protocol (POND), and decentralized capital market Allianceblock (ALBT).
Wainman says it is also bullish on non-fun tickets (NFTs).
“Altseason is here. Altcoin’s dominance is growing. We have a crypto scare index and greed subside. We have NFTs (non-fun tickets) booming which is really exciting to me … Usually when you hear so many people being extremely skeptical and you really see the basics, it could be always, but it could be an indicator that you are on to something and that the dividends for this bet will pay out dramatically.
That’s what altcoins have been up to over the past few months and years. That’s it [what] I think DeFi (decentralized funding) will remain as people have been written off as dead since the end of the August boom. ”
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Disclaimer: Opinions expressed in 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. You are advised that your transfers and trades are at your own risk, and that any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, nor is the Daily Hodl an investment adviser. Note that The Daily Hodl is involved in affiliate marketing.
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