A prominent crypto trader, known as The Flow Horse, has revealed that he is reaccumulating two altcoins – Rollbit (RLB) and Open Exchange (OX) – both of which are part of the Solana (SOL) ecosystem. The trader, who has a substantial following of 182,400 on Twitter, believes that these cryptocurrencies are currently attractive due to their recent corrections of 30% to 60%.
With the American football season approaching, The Flow Horse predicts that Rollbit’s sports betting and online gambling platform will gain attention, especially as crypto futures dry up. This factor, combined with the perceived undervaluation of both Rollbit and Open Exchange, has prompted the decision to buy back these altcoins.
At the time of writing, Rollbit (RLB) is trading at $0.143, experiencing a decrease of around 30% from its all-time high in August. However, it’s worth noting that RLB has enjoyed a significant rally of approximately 521% since mid-June. Meanwhile, Open Exchange (OX) is trading at $0.0328, down roughly 60% from its previous all-time high recorded just last month.
Explaining his belief that Open Exchange is currently underpriced, The Flow Horse highlights the tendency of crypto Twitter to invest in meaningless projects. He suggests that when a token becomes unanimously hated, it typically indicates that it is under-allocated at that time. Additionally, he suspects that the people behind the OX token might intentionally use this negativity as a signaling mechanism.
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Overall, The Flow Horse’s decision to reaccumulate Rollbit (RLB) and Open Exchange (OX) is driven by the potential for increased attention to Rollbit during the American football season and the perceived under-allocation and undervaluation of both projects.
It’s always important to conduct thorough research and due diligence before making any high-risk investments in cryptocurrencies. The Daily Hodl, where this information was originally published, reminds readers to be cautious and emphasizes that the opinions expressed in the article are not investment advice.
In conclusion, the decision of a prominent crypto trader to reaccumulate Rollbit (RLB) and Open Exchange (OX) highlights the potential profitability and investment opportunities in these under-the-radar altcoins. However, it’s crucial to remember that investing in cryptocurrencies carries inherent risks, and individuals should always exercise caution and conduct thorough research before making any investment decisions.
