- Leading crypto analyst The Flow Horse highlights Solana, Phemex’s soon-to-be-released utility token, and Rollbit as his top three bullish picks beyond Bitcoin and Ethereum.
- The Flow Horse perceives Solana as currently traversing Ethereum’s early explosive growth phase, with potential to reach new all-time highs.
Beyond Bitcoin and Ethereum: The Flow Horse’s Altcoin Triad
Crypto enthusiasts closely watch market sages for hints about the next big thing. The pseudonymous analyst, The Flow Horse, has revealed to his sizable following of 181,700 on social media platform X that besides the market dominators Bitcoin and Ethereum, he’s bullish on just three other projects: Solana (SOL), Phemex’s upcoming utility token, and Rollbit’s native token (RLB).
Solana: Echoing Ethereum’s Infancy
To break down complex financial jargon, being “bullish” simply means expecting the price to rise. And The Flow Horse is notably bullish on Solana. He posits that Solana is currently mirroring Ethereum’s nascent cycle — the critical phase that precedes exponential growth. It’s a compelling correlation; after all, Ethereum did skyrocket into four figures after its formative years. Furthermore, last month, he suggested that Solana could shatter its previous records, perhaps catapulting its market valuation to new heights by late 2024. At the time of writing, Solana is trading at $21.28, a 3.6% uptick in the last 24 hours.
New Contenders: Phemex and Rollbit
The forthcoming utility token from crypto derivatives exchange Phemex is another asset he’s keen on. The rationality is anchored in observable data from other successful exchange tokens, which have historically performed robustly. As a to-be-launched asset, it offers a kind of first-mover advantage for those who opt to mine it before its market debut.
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And then there’s Rollbit’s native token (RLB), currently priced at $0.19 and enjoying a 7.8% increase in the last day. In a market fraught with volatility and speculative ventures, The Flow Horse’s bullish sentiment on Rollbit stands as an endorsement of its long-term viability. He has faced criticisms for his generally conservative stance, but when it comes to Rollbit, he views it as an exception in the array of emerging crypto projects.
While The Flow Horse remains principally fixated on the potential of Bitcoin and Ethereum, his select trio of alternative investments—Solana, Phemex’s soon-to-be-launched token, and Rollbit—offer fascinating prospects for those willing to diversify their portfolios. His insights aren’t just transient predictions; they are derived from calculated analysis and historical patterns, making them worth more than just a cursory glance.
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