A popular crypto analyst believes a specific set of altcoins could steal the show in a renewed crypto bull run.
The pseudonymous trader, known in the industry as Altcoin Psycho, tells his 278,000 Twitter followers that crypto projects connected to the interoperable blockchain network Cosmos (ATOM) are poised to outperform the market.
“Prediction: Cosmos ecosystem will massively thrive in the next alt run. Tendermint making aggressive moves in this shit market is big.
In my opinion, most alts go lower first, but I think an eventual THORChain (RUNE) run will violently drag up Cosmos projects like Persistence (XPRT), Akash (AKT) and DVPN (Sentinel).”
Other projects in the Cosmos network include the decentralized derivatives platform Injective Protocol (INJ), decentralized finance (DeFi) liquidity project Kira Network (KIRA) and omni-chain decentralized exchange (DEX) Sifchain (EROWAN).
As for the economy at large, the trader is making made another bold prediction, suggesting many asset bubbles will burst by next year.
“In my opinion, in the next 6-12 months, we’ll see people who claim fiat is worthless get burned hard.
Every sub-asset class is in a mini bubble. Look at lumber, real estate, used cars, startup valuations… all bubbles. Having sidelined cash may give a generational opportunity soon.”
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inboxFollow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
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/Zita/REDPIXEL.PL
The post Top Trader Says This Group of Altcoins Poised To ‘Massively Thrive’ in Next Bitcoin and Crypto Bull Run appeared first on The Daily Hodl.
source https://dailyhodl.com/2021/07/03/top-trader-says-this-group-of-altcoins-poised-to-massively-thrive-in-next-bitcoin-and-crypto-bull-run/