Popular cryptocurrency trader and market analyst Elliot Wainman gave his prediction on which altcoins might withdraw in the near future.

In a recent YouTube update, Wainman told his 197,000 subscribers that he was bullish on crypto assets despite the recent drop in prices.

He said,

When people got too bearish yesterday I got pretty bullish. When people were overwhelmed on Bitcoin, I looked at the Altcoins.

Wainman urged his followers to take advantage of the altcoin market while other investors focus on bitcoin, saying the resulting capital shift was “inevitable”.

Wainman predicted that decentralized financial assets (DeFi) will continue to do well in the short term, with the potential for exponential rallies. He gave his top picks for projects to come, including API3, Marlin (POND) and the Capital Markets Allianceblock (ALBT).

He went on

The old season is here. Altcoin dominance is growing. We have a declining index of crypto fear and greed.

The popular trader was also bullish about the future of non-fungible tokens (NFTs), claiming the emerging market had strong fundamentals.

He said,

We have NFTs (non-fungible tokens) that are absolutely booming which is very exciting to me […] When you hear that so many people are very skeptical and really see the basics, it usually may not always be the case, but it can be an indicator that you are into something and that the dividends on that bet are paying off dramatically.

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The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.