The closely-followed crypto trader known as Smart Contracter is predicting a mega rally in an emerging altcoin just as Bitcoin is bottoming out.
In a series of new tweets, Smart Contracter tells his 129,500 followers that he has his eye on an altcoin that he says is currently way undervalued.
Smart Contracter says that SRM, the native token on Solana-based decentralized exchange (DEX) Serum, is primed to nearly double in value in the coming weeks.
“So close to an SRM all-time high breakout, coming out of a 60-day reaccumulation. I daresay once it happens, it’ll run for quite a bit. Feels criminally cheap for a Samcoin (Sam Bankman-Fried) and compared to the run SOL (Solana) has had.”
Source: Smart Contracter/Twitter
At time of writing, SRM is trading at $10.59, printing gains of over 21% in the last 24 hours, according to CoinGecko.
As for Bitcoin, the trader says the leading cryptocurrency has already bottomed out after completing an