I don’t often engage in price predictions or signals, but after posting my Binance yearly overview which ranked me at 90% better than the most of its users, my Facebook and Twitter contacts started asking me to share what I’m trading, so here we are.
Before I begin this post, let me remind you that this is by no means a financial advice or investment advice but merely my personal take on what might be good to research further and what I am personally trading right now. Your results will still depend on your skills and time and effort you put into this, so don’t just rush into buying these coins but do your own due diligence as well.
First, let me start with the coin I have been watching for a few days now and been waiting for it to dip so I can buy some: WRX – it’s just been listed on Binance and since the first moment it started a strong pump which was stopping me from making an entry.
It started at 200 sats and very quickly reached a peak at 1685 sats (660% pump) after which it began a corrective downward move. Alas, not a very significant correction, so my target was not reached and I finally gave in and bought it around 900 sats level (I never buy in one go, I accumulate in small portions). The potential here is to go at least to the 2200 and possibly higher.
What’s interesting about this coin is that it belongs to an exchange launched in 2018, called WazirX. It is India’s largest and fastest-growing cryptocurrency exchange with more than 200,000 app downloads. They have recently gone global. WazirX’s aim is to bridge the global fiat-cryptocurrency gap with the world’s first auto-matching P2P engine – WazirX Peer-to-Peer. On top of that, the exchange was recently bought by Binance (although not heavily publicised) and this is now how this coin ended up listed on Binance all of a sudden. From what I have seen in the past, we can expect a bright future for WRX and a very volatile one as well. Volatility is great for us because this is how we make a bigger profit. Furthermore, the WRX token is built on Binance chain with future use cases including: trading fee discounts, WRX trade mining (unlock and earn WRX tokens by performing trades), paying for margin fees, and more.
WRX is basically a utility token forming the backbone of the WazirX ecosystem and its total supply is 1 Billion coins.
The next coin I will share with you is MITH (Mithril).
It’s one that I have been accumulating for a while in the preparation of its next bull run. It’s a very low-volume and low-cap coin, so I consider it higher risk and will be looking into a medium-term trade with this one but the potential for a 5x or even 10x gain is there, so it is on my radar. It’s currently around 100 sats which is a good entry in my view. The coin belongs to a mobile gaming project that evolved into a decentralized social media platform that rewards all content creators. This isn’t the reason why I am interested in it though, it’s just something to know about it. I am simply trading this on TA basis and as I said, this is not a coin to invest in for the long term, it is purely a scalping/swing trading opportunity.
The one which can be for the longer term though is LINK (ChainLink).
You’ve probably heard me mention it in my Crypto Corner episodes on my YouTube channel before or perhaps you’re on my mailing list and have seen it in my crypto newsletters recently. LINK is a very successful crypto project that is aiming at creating a bridge between different blockchains and facilitating the exchange of data amongst them which is very unique and appealing to many users. It’s one of the first alts that signalled the start of the current bull market and in fact, 2019 was a super-successful year for LINK – one of a very few coins that thrived throughout most of the year while the rest were getting dumped. If you think that you;re too late to get into LINK, think again. It just broke out of a resistance trendline (after a corrective downward move) and it’s going for a new price discovery. Every time a coin does that, the sky is the limit.
I personally had a few good trades with it and since my last exit, I have been waiting for it to dip more so I can get a new entry but it just doesn’t. So I am accumulating it even at these levels right now which seem a little high but nothing compared to the highs I expect from it. It’s just broken a key resistance level and I expect it to start another bull run to new ATH so keep an eye on this one.
And lastly, I know I said 3 coins but here’s an extra one to watch: DERO.
That’s another small-cap, low-volume coin that I am trading short-to-medium term and it’s also at the brink of its next bull run, so it’s on my radar as well. It’s just coming out of a cup-and-handle formation, which is usually a strong bullish signal and there’s also more volume coming into it lately, which makes me more confident that it will be making some moves very soon. It is being traded on Kucoin Exchange and if you’re following me, you know that I love this exchange precisely because of such small-cap gems that you won’t find on many other exchanges. If you haven’t got an account with it yet, give it a go with this link and check out this post where I mention a few more reasons why Kucoin is in fact a good one to use.
With that said, I’m off to continue my trading for the day as we are finally in the first weeks of the newly started altseason – one that has been in the making for a quite a while.
Happy trading peeps!
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- Bitpanda (bank cards & transfers accepted)
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