A popular crypto analyst and trader who knows the current market downturn correctly states that the next altcoin season will happen very soon. On Tuesday, crypto trader Smart Contracter correctly predicted that Bitcoin would force a general altcoin market correction.
Now, with the market pulling back more than 6%, the well-known trader says the accumulation is likely to mark the beginning of the altcoin season.
Altcoins to explode
In the middle of the fix, Smart Contracter says it has purchased Litecoin (LTC), Ethereum (ETH), Uniswap (UNI), Synthetix (SNX) and Sushi in preparation for an altcoin boom.
Before the market drop, the analyst pointed out two DeFi assets that he believed were not reaching the peak.
First, yearn.finance’s (YFI) is an insurance protocol supported by Andre Cronje.
The second is Cover. Cover’s market value has nearly tripled since the trader’s first call in November. Still, the analyst emphasizes that COVER’s withdrawal offers a good entry opportunity.
Smart Contracter also believes that the UNI, the management token of the decentralized exchange (DEX) Uniswap, has yet to reach its potential.