A closely watched cryptocurrency strategist said he is gobbling up seven altcoins, believing the market is about to enter a bull market cycle similar to the parabolic rally witnessed in mid-2020.
Pseudonym Analyst The Flow Horse To tell 200,900 followers on social media platform X claim that the crypto market is entering an “age of madness”.
The analyst said this period is likely to be similar to the cryptocurrency's extremely bullish price action in 2020, when Bitcoin rose from about $10,000 to $64,000 in less than a year. Says. Over the same period, altcoin market capitalization (TOTAL3) surged nearly 1,000% from about $73 billion to $793 billion.
To tell flow hose,
“Yes, we are now on the same path. This is why the period of euphoria and backlash we have experienced so far in recent times is within a much larger trend and an unimaginable set of circumstances. This is why I emphasized that it should be understood as a small-scale project.”
The analyst has amassed several altcoins, including native assets of smart contract platforms Solana (SOL), NEAR (NEAR), Sui (SUI), and Avalanche (AVAX), in anticipation of a big rally in the overall market. said.
“As of today, we have added several positions and some are entirely new.
- Mina
- Sui
- Abax
- sol
- RNDR
- WIF
- near. “
Regarding Bitcoin (BTC), traders think The current leg up won't stop at $50,000.
“Bitcoin is likely to rise further.
Always focus on the fastest horses and don't be the fool who goes after the laggards and tries to outsmart what the market is already showing. ”
At the time of writing, Bitcoin is worth $50,032.
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