A high cryptocurrency strategist that has gained a big following on social media after precisely calling bitcoin’s 2018 bear market backside above $3,000, has revealed his major altcoin place on a little-known cryptocurrency.
The pseudonymous analyst, often known as Good Contractor on social media, informed his over 100,000 followers he has been seeing indicators the market correction has bottomed out this month, and sees a surge in bitcoin’s worth to $60,000 as a risk.
The dealer, as Daily Hodl stories, revealed he has a big place within the scalable good contract platform TomoChain (TOMO), which per his phrases has the potential to double in worth in opposition to the flagship cryptocurrency. Good Contracter used technical evaluation for his prediction:
The worth of TOMO has, based on CryptoCompare data, already moved up over 86% within the final 30 days, as every token is now buying and selling at $2.4, up from a bit over $1 a month in the past. The cryptocurrency was under that mark for many of final 12 months.
Good Contracter additionally pointed to the S&P 500 index which, based on him, reveals buyers’ threat urge for food is recovering, and a bull interval within the equities market may additionally profit crypto, he mentioned. The analyst additionally named the FTX Token (FTT) as a cryptocurrency he’s eyeing, because it may bounce again more durable than different cryptoassets.
On social media, he mentioned the native cryptoasset of the favored derivatives buying and selling platform FTX “will probably be one of many strongest and first to get better,” based mostly on the chart’s construction. The dealer added he sees the value of FTT crossing over the $40 mark to hit a brand new all-time excessive because the cryptocurrency market get better.
It’s price noting Good Contracter is legendary for, in June 2018, predicting the bear market that was seeing the value of bitcoin drop from a then all-time excessive close to $20,000 would finish with the coin buying and selling at $3,200. The prediction was practically correct, as BTC hit the goal in December of that 12 months.
Featured image by way of Pixabay.