Popular crypto analyst Nicholas Merten is in the middle of the overall market rally. altcoin He shared his opinions about.
Merten talks primarily about payments-focused blockchain network Stellar (XLM), noting that XRP is “in a typical discount range.”
It suggests that XLM could gain up to 200% in value against Bitcoin (XLM/BTC).
“Here you have a 3x opportunity with XLM against Bitcoin, from 0.00000200 BTC to 0.00000600 BTC. “I love this kind of games.”
XLM is currently trading at 0.00000210 BTC ($0.14).
Analyst followed and focused on decentralized finance (DeFi), Aave (AAVE), compound He highlights that some altcoins such as (COMP) and Uniswap (UNI) are oversold.
Regarding Aave, he notes that the decentralized lending protocol is in a “nice trend” against the US dollar, indicating further upside potential.
AAVE is currently trading at $130.
“Nice, solid momentum,” he said of Compound. The solid foundation built on some of these games will be available in May 2021. [~854 $] “It’s a long way from the high levels… And I’m not saying it’s going to get there.” says.
Compound is currently trading at $87.07.
Turning to Uniswap, he states that UNI is “another really strong play.” He notes that Ethereum (ETH), along with Uniswap and other DeFi tokens built on the second-largest blockchain by market cap, could act as catalysts.
“As Ethereum starts to rise in the market, I think some of these assets could really start to rise.”
It notes that UNI is currently trading at $14.95. Ethereum is trading at $3,975, up nearly 150% since mid-October.
