dailyhodl.com
A well-known cryptocurrency trader and influencer says an emerging crypto ecosystem will outperform the rest of the market over the next couple of months.
The pseudonymous investor, known in the industry as Altcoin Psycho, tells his 291,000 Twitter followers why he believes projects running on Solana are ready for lift-off.
“I think we see Solana projects outperform the rest of the market for the next few months.”
Some of the leading projects in the Solana ecosystem include decentralized exchange Serum (SRM), blockchain-based cloud infrastructure provider Akash Network (AKT), and decentralized cloud computing tool Aleph.im (ALEPH).
Outside of the Solana ecosystem, the trader argues that the crypto markets will inevitably witness a lengthy supercycle, and a lot of traders will miss out by selling early.
“When the supercycle finally happens, it will look and feel like the top. I imagine crypto being mentioned anywhere and everywhere, even more than now.
I think a lot of great traders will be left behind when this happens, and I think that phase will be the hardest to trade…
I think a better way to phrase this: There will be multiple stages that look like a classic top, but fake out even the best of traders.”
The trader adds that when the supercycle phase kicks off, long-term investors will fare better than traders.
“I hate saying this, like really hate saying this, but I think ‘HODLers’ will outperform like 95% of traders when this happens.”
As for when a supercycle may occur, he warns it remains anyone’s guess.
“The open ended question though – is that going to happen during this cycle or a future cycle? I don’t know the answer yet.”