A widely followed analyst examines three altcoins, which he says managed to maintain the bullish momentum as Bitcoin and the wider crypto market succumbed to profit realization.
The crypto strategist, known in the industry as Flood, told his 127,000 followers in a new tweet that he has purchased smart contract platform Solana (SOL), Automated Market Maker (AMM), PancakeSwap (CAKE) and stableswap AMM Nerve Finance (NRV). These three cryptocurrencies remained strong in the middle of the market correction.
“Choosing the best performing asset in a situation where every coin is falling is not that important. The main thing is to choose the best performing coins when the market is stagnant on average. ”
Solana (SOL) is in the middle of a major bullish rally in the past 14 days. It increased by more than 58%, from $ 27.65 on April 12 to $ 44.24 at the time of writing.
PancakeSwap is also in the green zone in the past two weeks, with an increase of more than 35% from its current price of $ 25.21 to $ 35.82 on April 12.
According to CoinGecko, the crypto asset Nerve Finance (NRV), built on the Binance Smart Chain, has gained about 466% in the last 30 days. At the time of writing, NRV is trading at $ 2.70.
Analyst Flood; In addition to CAKE and NRV, SOL says it has also accumulated Ethereum (ETH) and the privacy-centric coin Monero (XMR).
As for Bitcoin, Flood also stated that it has bought the world’s largest crypto asset by market cap at the bottom.
“This will look pretty good if they form a wick here. I think I’ll help them and buy them at the best price here. ”