A popular crypto analyst says there is a super cycle for altcoins and he has four crypto assets in mind that could potentially tear higher for bigger gains.
In a new strategy meeting, Nicholas Merten tells his 489,000 YouTube subscribers that King Crypto Bitcoin (BTC) Although it may stagnate a bit, the enthusiasm for altcoin projects is likely to increase sharply.
“My main focus here is on getting further into the Bull market as we see in all bull markets with every single type of financial asset like stocks and commodities and currency markets, in a very creative and fast moving environment like crypto, wWe’ll see more liquidity, more capital, and more excitement pour into altcoin valuations …
No matter where Bitcoin goes, Altcoins are the focus here. “
“Here is a big breakthrough in terms of price. And we’re going back to the levels we haven’t seen here until October 7th and previous lows [0.005727 BTC] in June 2021.
If we can break that range, it will lay the foundation for AAVE to likely see another seismic rally like the one we saw here again in January and May 2021. “
AAVE is currently up nearly 5% to $ 288.43, up from a weekly low of $ 180.83.
Merten also looks at them Ethereum-based automated crypto exchange Uniswap (UNI), which he notes is recovering well even against BTC after a slow decline in the summer and fall months. He says UNI has the foundation for another upward breakout.
At the time of writing, UNI’s price is up nearly 13% to $ 20.02.
The crypto analyst is also investigating Yearn.Finance, which recently skyrocketed after the project received a large buyback of its native token YFI had carried out.
“One of the fair launch protocols in the crypto space, up 62% … only in the last 12 trading days.”
YFI continues its positive momentum and is up 4.80% today, trading for $ 33,423.
Merten closes his discussion with the developer-friendly Layer 1 DeFi protocol Radix (XRD).
“We could do the previous one resistance a new support, and since then we’ve climbed from around $ 0.22 to $ 0.30 in the past two weeks.
This is where the next wave picks up speed. And we’ve seen that when Radix hits the market as an early-stage project, it comes out big.“
Radix starts the week up over 12% to $ 0.32.
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Source: Crypto News Deutsch