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The anonymous crypto analyst and trader formerly known as Cantering Clark, The Flow Horse, revealed that he has been accumulating an altcoin that utilizes the Solana (SOL) infrastructure and another altcoin that is widely disliked. Here are the two altcoins on the analyst’s list.
Altcoins in the Analyst’s Radar: RLB and OX
Crypto analyst and trader, The Flow Horse, drew attention to Rollbit Coin (RLB), a Solana-based cryptocurrency, and Open Exchange Token (OX), the service token of the crypto futures trading and derivatives marketplace Open Exchange, on his personal account on social media platform X. The analyst stated that RLB is currently being sold at an attractive price after experiencing a price drop of 30% to 60%, and said the following:
I have started buying OX and RLB again. The crypto-based futures trading market has dried up more than expected, both altcoins have seen lower prices than anticipated, and both altcoins are at an extreme point of expected decline, which ideally should attract attention to Rollbit Coin as the American football season begins.
RLB is currently trading at $0.1461, which is approximately a 30% drop from its all-time high reached on August 12, 2023. The price of the altcoin has increased by over 520% since mid-June.
Reasons for Expecting a Rise in OX
The Flow Horse explained why the price of OX has dropped and why he expects it to rise, stating, “The crypto community on X buys all kinds of meaningless crap coins/tokens. Currently, alarm bells are ringing that this community hates OX. This simply means that there is currently less investor interest in the altcoin than necessary, and I expect those who raise the price of OX to use it as a signaling mechanism.”
OX is currently trading at $0.02935, which is over a 60% drop from its all-time high reached last month. The altcoin reached a record high of $0.08124 on August 10, 2023.
