Top Trader Abruptly Accumulates Seven Crypto Assets, Expects ‘Craziness Period’ Resembling 2020 Bull Run
A renowned crypto strategist has made a sudden move to hoard seven different altcoins, citing his belief that the cryptocurrency markets are on the verge of a bull market cycle akin to the parabolic rally witnessed in mid-2020.
The anonymous analyst, known as The Flow Horse, shared his prediction with his vast following of 200,900 users on the social media platform X. He stated that the crypto markets are about to enter a period of “craziness” resembling the exuberant price action observed in 2020, during which Bitcoin surged from $10,000 to $64,000 in less than a year. Alongside this surge, the overall market capitalization of altcoins witnessed an astounding spike of nearly 1,000%, soaring from $73 billion to $793 billion.
The Flow Horse further emphasized his viewpoint, stating, “Yup, we are on the same path now. This is why I have stressed that the periods of euphoria that we have had so far recently and any pullbacks are to be understood as small scale within what is a much larger trend and a more unimaginable set of conditions.”
In anticipation of a major rally across the entire market, the strategist disclosed that he is amassing several altcoins, including Solana (SOL), Near (NEAR), Sui (SUI), and Avalanche (AVAX), which are smart contract platforms with native assets.
He listed the altcoins as follows:
– MINA
– SUI
– AVAX
– SOL
– RNDR
– WIF
– NEAR
Regarding Bitcoin (BTC), The Flow Horse opined that the ongoing upward trend will not halt at $50,000. He advised his followers to keep an eye out for the fastest-growing cryptocurrencies and warned against attempting to outsmart the market by investing in lagging assets.
Currently, Bitcoin is valued at $50,032.