A veteran cryptocurrency trader says one digital asset sector is secretly poised for a repeat of its 2021 rally.
A pseudonymous trader known as Bluntz told his 304,000 followers on social media platform
Blunts says:
“The president is accumulating DeFi coins and creating his own DeFi company.
I think it’s safe to assume that DeFi has now been de-risked and scheduled for a repeat in 2021.”
Cryptocurrency intelligence platform Arkham recently reported that Trump’s World Liberty Financial (WLFI) platform purchased $50 million worth of DeFi coins, including Ethereum (ETH), Chainlink (LINK), and Aave (AAVE).
Noting the purchases in WLFI, Bluntz is bullish on decentralized stablecoin protocol Ethena (ENA) and notes that traders are selling the altcoin.
“The President is buying ENA and the funds are at -0.05.
Sometimes I really wonder what goes on in people’s brains.
Who shortened it?”
Likewise, traders are bullish on AAVE after a very long accumulation period. He said it was now almost certain that AAVE would hit an all-time high.
“I think Aave has amazing high time frame charts.
It accumulated over 833 hellish days. It has been accumulating for a long time and is now practically at the markup stage.
There is no way this won’t see an all-time high.
The president-elect is literally endorsing DeFi with his actions and he has not yet taken office.
Skate where the puck goes.”
As of this writing, AAVE is worth $367.87.
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