The co-founder of crypto exchange Zignaly, which allows users to copy trades of expert traders, shares 4 altcoin projects on which he “bets strongly” why Bitcoin can reach ATH price in 3 to 6 months.
Abdul Gadit, who bought Bitcoin for $500, built a copy trading platform for individual investors
When Bitcoin (BTC) started to take off in 2017, Abdul Gadit left his job at Standard Chartered Bank and was in full swing. He started making money as a time trader. He bought Ethereum (ETH) for around $14 at the start of the year to see it rise above $1,000 in January 2018. He soon met David Rodriguez and Bartolome R. Bordallo, who started building Zignaly, which helps individual investors learn how to apply more advanced trading strategies from successful traders. Three years later, Zignaly has grown into a copy trading platform with 4 billion trading volumes and 430,000 users.
“bets strongly” on these 4 altcoin projects
As I gave in the analysis of Kriptokoin.com, after a hurricane quarter where Bitcoin dropped as low as $32,000, It closed the first three months of 2022 with over $44,000. That bodes well, according to Gadit, who uses both technical and fundamental analysis to inform his perspective on the prices of major cryptocurrencies. Technically speaking, if Bitcoin can maintain its strength between $42,000 and $44,000, there is a “strong probability” for it to reach ATH in the next three to six months, according to the founder of Zignaly.
Gadit also looks at Bitcoin dominance and altcoin market cap. While there weren’t many obvious signs of strength in the recent altcoin rally, he believes the consolidation in Bitcoin could lead to a broader, albeit more volatile, upside move in major altcoin projects like Ethereum. He “bets strongly” on 4 altcoins, among others, for his personal portfolio. During the interview, he shares details of his portfolio:
- BNB (BNB)
- FTX Token (FTT)
- Solana (SOL)
- Syscoin (SYS)
He especially likes BNB and FTT because they are native tokens of Binance and FTX, two of the biggest crypto exchanges. “These are income-generating businesses,” Gadit says, and ends with a little advice to investors:
People don’t place enough value on the fact that income-generating businesses can survive bear markets and thrive in bull markets.
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