Top crypto trader and market analyst Altcoin Pscyho told followers the industry continues to underestimate the flow of capital into altcoins while warning investors to take profits on their gains.
In a tweet published February 8, the pseudonymous trader said investors were underplaying the boom for altcoins, predicting a flow of capital would soon begin flooding the market.
I don’t think
You guys understand
How much capital
Is about to flow in to alts
— Altcoin Psycho (@AltcoinPsycho) February 9, 2021
Psycho continued, telling followers his largest altcoin holding was akash network (AKT), a project ranked out of the top two hundred by market capitalization. The trader said he expected AKT to sky-rocket into the top fifty, while providing a guide for staking the altcoin in order to earn interest.
I've mentioned several times that my largest altcoin holding is Akash Network – $AKT
It's currently ranked 220, I firmly believe it will be in the top 50.
I wrote a guide on how I stake $AKT in less than 5 minutes to earn 50% APY.
Hope it's helpful!https://t.co/9Fkx3GCyoQ
— Altcoin Psycho (@AltcoinPsycho) February 8, 2021
Psycho warned followers not to get too greedy during the current bull market, and to take profits on their gains. He said his biggest trading regrets rarely involved not putting more money into an investment.