In a recent video, influential analyst Elliot Wainman shares with his 299k subscribers that the crypto market is on the way to massive recovery and this particular sector of altcoin is poised to explode soon.
Dogecoin
“Happy Doge day!!!”
The first altcoin on his list is Dogecoin (DOGE). The coin was created as a joke and then exploded into plain view on Wall Street on Monday, with a surge in dogecoin sending its 2021 return above 8,100% — more than double the gains on the S&P 500 SPX.
“This to me feels like Doge is going to be a multi-dollar coin here before the year is out”.
Dogecoin’s buyers have gone a step further, turning what was meant as a parody into a real asset, providing some traders who piled in early with unimaginable gains. In addition, the trader adds that he believes the energy Doge brings to crypto is a fantastic change of pace.
“It brings in new excited people who are feeling the energy of crypto for the very first time”.
Venmo Crypto
The next altcoin on the list is Venmo. Venmo is following in the footsteps of its rival, Square’s Cash App, by introducing cryptocurrency trading.
“Beginning on Tuesday and set to be widely available within the new few weeks, Venmo’s 70 million+ customers will be able to buy, hold and sell crypto directly within the Venmo app. The launch is offering users access to in-app guides to help them to better navigate the cryptocurrency trading space and will encourage them to share their cryptocurrency experiences via the Venmo feed”, Wainman says.
Importantly, the trader adds that over 30% of Venmo customers have already begun to purchase cryptocurrency or equities.
Chainlink (LINK)
Chainlink (LINK) is also on Wainman’s list. The trader then cites a Tweet from the famous analyst Michael van de Poppe:
#Chainlink is ready for a new bull cycle. Massive bounce. pic.twitter.com/5I5wJGY9PW
— Michaël van de Poppe (@CryptoMichNL) April 19, 2021
“It’s really bounced off the lows re-accumulated and is getting ready for another bullish movement up towards its prior highs. And if it does this, this is going to be a huge growth in the link value and whenever that happens, whenever LINK expands dramatically, it paves the way for an explosion of the oracle coins”, he says.
Disclaimer: Opinions expressed at AZCoin News are not investment advice. Investors should do their due diligence before making any high-risk investments in cryptocurrencies. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. AZCoin News does not recommend the buying or selling of any cryptocurrencies.
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