A well-known trader of the industry, who is known as Altcoin Psycho, has recognized a new potential token on Binance Smart Chain to pour capital into.
The analyst’s bet is on Swirl Cash(SWIRL), a decentralized protocol for private transactions on Binance Smart Chain. This newly launched project has risen to popularity after high gas fees on the Etheruem network.
He tells his 142,000 Twitter followers that SWIRL, unlike other new tokens, it already has a working project up and running. It has been listed on pancake swap too.
“Heavily aped in SWIRL today as soon as it listed on PancakeSwap. Swirl is essentially the Tornado Cash of BSC, with much better token economics.
The main product is already live, so it’s not based on a whitepaper. This one will do incredibly well in my opinion.” his tweet read.
Previously, the trader has placed his bets on decentralized cloud storage solution Akash Network, that it would be in the top 50 projects.
The prediction turned out well, as the protocol has risen up 100% and made it to the 204th spot.
1M USD Private Transactions in 48 hours
Two days ago, Swirl Cash tweeted that it has had 1 Million USD in private transactions over just 48 hours, it has received more private transactions than any other protocol.
Swirl Cash, has been posting regular updates of the platform’s development on Twitter. After the trader’s opinion, Swirl has shot up from a low of $1.55 to a high of $6.51, i.e a 320% return for the traders. At the time of writing, the token is trading at $4.74, with a $6.17 Million market capitalization.