Popular cryptocurrency trader and market analyst Elliot Wainman gave his prediction for which altcoins could take off in the near future.
Speaking in a recent YouTube update, Wainman told his 197,000 subscribers he is bullish on crypto-assets despite the recent price pullback.
He said,
As people started to get too bearish yesterday, I started to get quite bullish. When people were overextended on Bitcoin, I was looking at the altcoins.
Wainman told his followers to take advantage of the altcoin market while other investors are focused on bitcoin, saying the resulting shift in capital would be “inevitable.”
Wainman predicted decentralized finance (DeFi) assets would continue to perform well in the short-term, with the potential for exponential rallies. He gave his top picks for projects to follow, including API3, Marlin (POND) and the capital market Allianceblock (ALBT).
He continued,
Altseason is here. Altcoin dominance is growing. We have a subsiding crypto fear and greed index.
The popular trader was also bullish on the future of non-fungible tokens (NFTs) and claimed the nascent market had strong fundamentals.
He said,
We have NFTs (non-fungible tokens) absolutely booming which is super exciting for me […] Usually, when you hear so many people being super skeptical and you really see the fundamentals, it could be, not always, but it could be an indicator that you’re on to something and that the dividends for this bet will pay out dramatically.
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The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.