Top Analyst Says One Crypto Asset Poised for Exponential Rise As Ethereum Rallies From ‘Generational Bottom’

A widely-followed crypto analyst by the name of Smart Contracter is calling for a parabolic rally in an under-the-radar altcoin amid Ethereum’s rally to a new all-time high.

In a new tweet, Smart Contracter says that FARM, the native token to DeFi project Harvest Finance, is likely about to burst into a 300% rally.


Harvest Finance is an automated yield farming protocol that aims to give users automatic exposure to the highest yielding assets across select DeFi protocols.

At the time of writing, FARM is trading at $283 according to CoinGecko, but the trader says a target above $1,000 is “inevitable.”

Days before his call on FARM, the popular analyst also accurately predicted Ethereum’s dip to around $1,600. With the pullback out of the way, Smart Contracter believes that Ethereum is poised for a 40% surge from its current value of $2,100.

“Did you buy the ETH dip anon? $2,000-$3,000 comes after the ABC 0.618 tap.”

Source: Smart Contracter/Twitter

The crypto analyst is also bullish on ETH/BTC as he believes the pair has hit its generational bottom.

As for Bitcoin (BTC), the closely-followed trader says that the world’s leading cryptocurrency is now poised to reach a new all-time high shortly, possibly to $70,000.

“Taking a small holiday for a week, so no posting from me. Looking like an up only week in equities and crypto which I’m well positioned for. I think there’s potentially an early week IHS [inverse head and shoulders] setup brewing but $51,000 was the low in my opinion.”

Source: Smart Contracter/Twitter

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‘Silent crash’ as price floors collapse across NFT space

If prices plummet in an illiquid market, how soon before anyone notices?

While fungible tokens traded on centralized and decentralized exchanges have significant transparency regarding price movements, nonfungible tokens can be harder to track. Because of their illiquid nature, gauging the sentiment of the overall market market for a project can be difficult — a dynamic that has led one eGirl Capital member, Mewny, to dub NFT corrections ‘silent crashes.’

In a silent crash, speculators might not even be aware that one is underway — buyers simply evaporate and sellers fail to move their wares. However, metrics such as “floor price” — the lowest price at which a NFT can be bought for a particular project — as well as total volume can indicate that a bull is turning into a bear. 

There could be bad news on the horizon for NFT collectors, too, as signs are pointing to a nasty crash underway.

CryptoPunks, among the earliest and most popular NFT projects for collectors, have seen a over 40% decrease in floor price to 14 ETH (roughly $28,000 at the time of publication). The price capitulation has led to some on-chain horror stories today, such as one speculator who sold a Punk for 16 ETH after purchasing it for 25.5, and another that sold for 27.99 after a 42 ETH purchase:

CryptoPunks aren’t the only high-profile project experiencing a marketwide correction, either. Data from shows that sales volume in multiple price categories for NBA Top Shot have declined precipitously since a Feb. 22 peak. 

One semi-anon and self-described Top Shot enthusiast, Jordan, who charted the downturn points to two specific populations for the steep fall.

“The market has been trending downward since the Feb 22. It seems like there are two types of sellers. One, the investor who got in early and wants to cash out with exponential profit. Two, the investor who bought at or near the top and can’t stomach to watch their investment lose value by the day,” he said. 

Watching price floors plummet is difficult regardless of the project. According to market-tracking website Nonfungible, the pullback is effecting the entire market: total number of sales, total value of sales, and active wallets are all down on a 7-day and 30-day basis. 

Jordan ultimately thinks this a healthy, short-term pullback, however.

“I think it’s a healthy, relatively short-term correction. The rate at which prices rose from Jan 1 to Feb 22 was unsustainable. I think the next few months will continue to be bumpy, but I’m very bullish overall.”