A popular crypto analyst says that a super cycle for altcoins has begun, and he is closely examining four crypto assets that could potentially achieve higher value with big gains.
In a new strategy session, Nicholas Merten to 489,000 YouTube subscribers, king crypto Bitcoin (BTC) He said that while it may seem a bit sluggish, enthusiasm for altcoin projects will skyrocket greatly.
“My main focus here is as we continue to move forward in the bull market; As with all bull markets for each type of financial asset such as stocks, commodities and forex markets, and especially in a very creative and fast-paced environment like crypto, we will see more liquidity, capital and excitement flows in altcoin valuations…
Whatever happens to Bitcoin, altcoins will be the focus here.”
DataDash server is a decentralized finance (DeFi) platform that has rallied 63 percent in Bitcoin parity (AAVE/BTC) in the last 12 days. AAVE (AAVE) is interested in.
“There is a big break in price here. And in addition to levels we haven’t seen since October 7, previous lows in June 2021 [0.005727 BTC] We are visiting again.
If we can break that range, these will likely pave the way for AAVE to do another seismic rally similar to the one we saw in January and May 2021.”
AAVE is currently trailing the rest of the crypto world, down nearly 6 percent in one day to as high as $270.04 and is trading 60 percent below its all-time high.
Merten also noted that after a slow decline in the summer and fall months, the Ethereum-based automated crypto exchange is recovering nicely against BTC. Uniswap (UNI) also examine closely. The analyst believes UNI has the foundation needed to continue to break higher.
The crypto analyst recently released the native token after a massive buyback. YFIincreasing in value Photos of Yearn.Finance He thinks it has potential.
“One of the fairest launch protocols in the crypto space, with a 62 percent increase in just the last 12 trading days (50 percent in 2 weeks at the time of writing).”
YFI is down more than 11 percent today, following the negative momentum in the market and trading at $29409.
Merten talks about the developer-friendly, layer-1 DeFi protocol to Radix (XRD) It ends with attention.
“We were able to turn the previous resistance into new support and since then we have been able to move from around $0.22 to $0.30 in the past two weeks.
The momentum of the next wave is starting to build up here. And we saw that when Radix, an early-stage project, explodes, it blows big.”
Radix started the week trading at $0.29, down nearly 5 percent in 24 hours.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.