Top Trader Says He’s Reaccumulating One Solana-Based Altcoin That’s Up Over 500% in Three Months – Here’s Why
A top crypto trader says that he is reaccumulating one Solana (SOL) ecosystem crypto and another under-the-radar altcoin.
Pseudonymous trader The Flow Horse recommends Solana-based gambling platform Rollbit (RLB) and derivatives marketplace Open Exchange (OX) as attractively priced after corrections.
The Flow Horse, a pseudonymous trader with over 180,000 followers on the social media platform X, has recommended Solana-based sports betting and online gambling platform Rollbit (RLB) and crypto claims trading and derivatives marketplace Open Exchange (OX) as attractively priced after undergoing corrections of between 30% and 60%.
In a tweet, The Flow Horse said that he had started buying back OX and RLB, citing the start of the American football season and the expected dip in crypto futures as reasons for his bullishness.
RLB is currently trading at $0.143, down by around 30% from its all-time high reached in August. However, the token has rallied by around 521% since mid-June.
OX is trading at $0.0328 at time of writing, down by around 60% from its all-time high recorded last month.
On why he believes OX is underpriced, The Flow Horse said, "Crypto Twitter will buy all types of meaningless garbage, so my alarm bells go off with something being unanimously hated. It just means that it is under-allocated for the time being, and I would not put it past the people behind the token to use it as a signaling mechanism."
Sep 15, 2023