Crypto analyst Nicholas Merten shared some altcoins he thinks will perform well in April.
In a new video, Merten explained to her 513,000 YouTube subscribers why she is optimistic about Unibright (UBT), a blockchain for enterprise solutions.
Businesses can use UBT tokens to access blockchain-based business integration products. Merten said that Unibright’s core institutional token, UBT, serves many purposes for the network, but the staking mechanism is a bullish catalyst, especially for the price of the crypto asset.
“UBT is used in various ways in relation to the network. But the main thing is staking. The important thing to understand here is that it’s not inflationary staking, so I think it’s going to be really exciting.”
The crypto analyst also painted a promising picture for XRD, the crypto asset of the public decentralized network Radix. The platform aims to rival DeFi leader Ethereum (ETH).
“Imagine trying to build a house and constantly worrying that something in the foundation will break and everything will collapse. This is the biggest flaw with Ethereum right now… This could be a major setback and this is where protocols like Radix potentially serve as an alternative in the market or a potential comparator in the field.
What I love about Radix is that it starts to rise. It has started outpacing Ethereum over the past few weeks to get back to where we were in mid-February.
I think we will really start to trend higher here in terms of price, especially as we revisit the price range where we saw a major breakout in November 2021.”
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.