Legendary commodity trader Peter Brandt is known to be a Bitcoin supporters who occasionally tweets about other altcoins, like XRP.
This time, he has taken to Twitter to share a chart on Cardano's native coin, ADA.
"pump pump pump ADA"
Peter Brandt posted an image of a driver with a tire that apparently has gone slightly flat and needs to be pumped up. The second image posted in the tweet is an ADA/USD chart, on which the seventh major cryptocurrency, from Cardano, is trading sideways, making attempts to rise but then dropping again.
Brandt's comment in reply to a question from a follower as to whether this should be considered bullish or bearish reveals that these rectangles tend to continue in the vast number of cases.
"Bitcoin could become next Yahoo or MySpace"
As reported by U.Today on Thursday, savvy trader Brandt said what some influencers have already mentioned in the past: Bitcoin might not be the best cryptocurrency as this space is moving forward and developing fast.
In the same way that Google eventually surpassed Yahoo and Facebook left MySpace behind, Bitcoin may see new tech go further than it can, Peter Brandt assumes.
Brandt expects XRP to reach a new ATH
Earlier, he also assumed that the embattled XRP may surge to a new all-time high soon as it gradually scores legal victories against the "aggressor" – the U.S. SEC regulatory agency – in the lawsuit started in late December 2020.