dailyhodl.com
A popular crypto analyst believes a specific set of altcoins could steal the show in a renewed crypto bull run.
The pseudonymous trader, known in the industry as Altcoin Psycho, tells his 278,000 Twitter followers that crypto projects connected to the interoperable blockchain network Cosmos (ATOM) are poised to outperform the market.
“Prediction: Cosmos ecosystem will massively thrive in the next alt run. Tendermint making aggressive moves in this shit market is big.
In my opinion, most alts go lower first, but I think an eventual THORChain (RUNE) run will violently drag up Cosmos projects like Persistence (XPRT), Akash (AKT) and DVPN (Sentinel).”
Other projects in the Cosmos network include the decentralized derivatives platform Injective Protocol (INJ), decentralized finance (DeFi) liquidity project Kira Network (KIRA) and omni-chain decentralized exchange (DEX) Sifchain (EROWAN).
As for the economy at large, the trader is making made another bold prediction, suggesting many asset bubbles will burst by next year.
“In my opinion, in the next 6-12 months, we’ll see people who claim fiat is worthless get burned hard.
Every sub-asset class is in a mini bubble. Look at lumber, real estate, used cars, startup valuations… all bubbles. Having sidelined cash may give a generational opportunity soon.”