A preferred pseudonymous dealer identified in the business as Flood says three altcoins will generate a large quantity of wealth for buyers.
The analyst tells his 146,000 followers that the three crypto property to look at are FTX Token (FTT), Solana (SOL) and Nerve Finance (NRV).
Over this decade the followers and speculators of @FTX_Official will expertise one of the largest wealth creation cycles in historical past. $FTT$SOL$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. Should reclaim the $40’s assuming we bounce this week.”
Portfolio Weighting$ETH$BTC$FTT$NRV$SOL
— 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 response to 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 value roughly $250 and $1 every, additionally says he simply had the worst buying and selling week of his profession in phrases of US greenback losses.
“In all definitely my worst USD week regardless of a fairly conservative portfolio, simply didn’t hedge sufficient.
An informal -$40MM drawdown. Not going to be exhausting to make it again although. More importantly, portfolio is leaner and ETH + BTC totals are at all-time highs.”
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Featured Image: Shutterstock/Vlad_Nikon
