A seasoned 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 President-elect Donald Trump has been accumulating chips.
said Bluntz,
“The president is accumulating DeFi coins and starting his own DeFi company.
I think it’s safe to assume that DeFi is now risk-free and expected to repeat itself in 2021.”
Crypto 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) .
Taking note of WLFI’s purchases, Bluntz says he is bullish on decentralized stablecoin protocol Ethena (ENA), noting that traders are shorting the altcoin.
“The president buys the ENA and the funding is negative -0.05.
I seriously wonder what goes on in people’s heads sometimes.
Who is short-circuiting this?
Likewise, the trader is bullish on AAVE after a very long period of accumulation. He says reaching an all-time high for AAVE is now a near certainty.
“Aave has an incredibly high delay graph here, in my opinion.
It has accumulated for 833 days of hell, that’s a long accumulation and is now well and truly in the markup phase.
There’s no way this won’t reach unprecedented heights.
The president-elect is literally green-lighting DeFi with his actions and he is not in office yet.
Skate to where the puck is going.
At the time of writing, AAVE is worth $367.87.
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Featured image: Shutterstock/ktsdesign
