Successful crypto analyst Nicholas Merten says that an altcoin industry will lead the crypto markets in terms of strength and performance in 2022. cryptocoin.com We have compiled the details for you, let’s examine the subject together…
Nicholas Merten: This altcoin industry looks strong!
In his new analysis, Nicholas Merten notes that he looks at 487,000 YouTube subscribers to Wrapped Ether (MVI/WETH) against the Metaverse Index as a measure of its performance against the crypto industry’s second-largest cryptocurrency. Nicholas Merten adds the following to his explanations on the subject:
We’ve seen here that metadata in general is one of the few key industries that has actually been consistently outpacing Ethereum in the last few months, or indeed the last second half of the year. The kind of things I want to look for as an investor. This is the kind of stuff I want to buy at a discount, and every time we get a nice retreat here, we can see that we’re building the base, starting to rise higher.
Nicholas Merten also sees performance in these altcoins!
The Metaverse Index (MVI) puts a basket of leading altcoins in the metaverse industry into a single trading instrument. According to Nicholas Merten, purchasing MVI is a great way to gain exposure to metastore assets. Besides metadata, Nicholas Merten says he also bets on decentralized finance (DeFi) and NFT. Nicholas Merten adds the following to his explanations on the subject:
I think the metaverse is definitely number one. Second, probably DeFi will be on par with NFTs. I think all three of them have a pretty significant chance to potentially perform well or continue, even against Ethereum in particular. It’s good to have diversification no matter what, but place your bets on what you believe in!
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