A widely-followed crypto analyst by the name of Smart Contracter is calling for a parabolic rally in an under-the-radar altcoin amid Ethereum’s rally to a new all-time high.
In a new tweet, Smart Contracter says that FARM, the native token to DeFi project Harvest Finance, is likely about to burst into a 300% rally.
At the time of writing, FARM is trading at $283 according to CoinGecko, but the trader says a target above $1,000 is “inevitable.”
4 digit $farm is inevitable.
Don't miss this one, all the fundamentals are lining uo https://t.co/fMng0J3eJM
— Bluntz (@SmartContracter) March 30, 2021
Days before his call on FARM, the popular analyst also accurately predicted Ethereum’s dip to around $1,600. With the pullback out of the way, Smart Contracter believes that Ethereum is poised for a 40% surge from its current value of $2,100.
“Did you buy the ETH dip anon? $2,000-$3,000 comes after the ABC 0.618 tap.”
The crypto analyst is also bullish on ETH/BTC as he believes the pair has hit its generational bottom.
As for Bitcoin (BTC), the closely-followed trader says that the world’s leading cryptocurrency is now poised to reach a new all-time high shortly, possibly to $70,000.
“Taking a small holiday for a week, so no posting from me. Looking like an up only week in equities and crypto which I’m well positioned for. I think there’s potentially an early week IHS [inverse head and shoulders] setup brewing but $51,000 was the low in my opinion.”