A popular crypto analyst who correctly called Bitcoin’s bear market bottom in 2018 says he’s loading up on several altcoins as Ethereum and Bitcoin suffer price pullbacks.
Smart Contracter tells his 84,000 Twitter followers that BTC could be en route to the $26,000 level after failing to hold onto $33,000.
He’s sharing a chart from a fellow analyst who believes Bitcoin will continue to sink until hitting a bottom at the end of the month.
Amid the correction, Smart Contracter says he’s buying the dips on Aave (AAVE), Synthetix (SNX), Cream (CREAM), Chainlink (LINK), Uniswap (UNI), SushiSwap (SUSHI) and Perpetual Protocol (PERP).
“Woke up and backed the truck up. Loaded up on almost every single one of my favorite decentralized finance (DeFi) projects.
Wow ya’ll really want tickers hey, I like aave, snx, cream, link, uni, sushi, defi, perp.”
Aave is a peer-to-peer lending platform that’s up 114% in the past 30 days, according to CoinGecko. It’s trading at $180.40 at time of writing.
Cream is another lending platform that Smart Contracter has touted previously, referring to it as the “next Aave.” The crypto asset is trading at $153.44 at time of writing and is up 158.4% in the past 30 days, according to CoinGecko.
SNX is a synthetic asset protocol that’s trading at $13.46 at time of writing. It’s up 85% in the past 30 days, according to CoinGecko. Chainlink is an oracle network that’s trading $19.52 at time of writing and is up 52% in the past month.
Uniswap and SushiSwap are the first and second most-popular decentralized exchanges, respectively. SUSHI is up more than 135% in the past month and is trading at $6.41 at time of writing, according to CoinGecko. UNI is trading at $8.16 and is up more than 117% in the past 30 days.
Perpetual Protocol is a decentralized perpetual contract trading platform that allows users to place long or short bets with leverage of up to 20x on assets such as Bitcoin (BTC), Ethereum (ETH), gold, and crude oil. It’s up a whopping 345.7% in the past 30 days and is trading at $4.81 at time of writing, according to CoinGecko.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Disclaimer: Opinions expressed at 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. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Ellerslie
