A veteran crypto trader says a digital asset sector is poised for an under-the-radar repeat of its 2021 rallies.
The pseudonymous trader known as Bluntz tells his 304,000 followers on social media platform
Say Bluntz,
“The President is collecting DeFi coins and creating his own DeFi company.
I think it is safe to assume that DeFi is now out of risk and will happen again in 2021.”
Crypto intelligence platform Arkham recently reported that Trump’s World Liberty Financial (WLFI) platform has purchased $50 million worth of DeFi coins, including Ethereum (ETH), Chainlink (LINK), and Aave (AAVE).
I note the purchases of WLFI, Bluntz say he is bullish on decentralized stablecoin protocol Ethena (ENA), noting that traders are shorting the altcoin.
“The president buys ENA and the financing is negative -0.05.
I seriously wonder what goes through people’s brains sometimes.
Who cuts that short?”
Likewise, the trader is bullish on AAVE after a very long accumulation period. He says a record high for AAVE is now almost certain.
“Aave has an amazing high time frame chart here in my opinion.
It accumulated over 833 days of hell, which is a long accumulation and is now really in the upgrading phase.
There’s no way this won’t produce all-time highs.
The president-elect is literally giving DeFi the green light with his actions and he is not yet in office.
Skate to where the puck is going.”
At the time of writing, AAVE is worth $367.87.
Don’t miss a beat – Subscribe to receive email alerts straight to your inbox
Check price action
Follow us further X, Facebook And Telegram
Surf to the Daily Hodl mix
Featured image: Shutterstock/ktsdesign