Nicholas Merten, an analyst widely respected in the crypto industry, provides his prediction on four assets during a rally that has swept across the entire market.
Stellar, a blockchain payment network (XLM), Merten tells The DataDash YouTube channel has 510,000 subscribers. XRP The rival is seated in a “typical discount range”.
Merten claims that XLM (XLM) could increase by 200% compared with Bitcoin.BTC).
“You’ve got an opportunity here [with XLM] to have a 3X against Bitcoin, right from 0.00000200 BTC to 0.00000600 BTC. I like those kind of plays.”
XLM was trading at 0.00000210 BTC at the time this article was written.
Decentralized Finance (DeFi) is a sector that the analyst believes some altcoins, such as Aave (AAVECompound (COMP) and Uniswap (UNI) are oversold.
Merten, on Aave says that decentralized lending is in the midst of a resurgence. “nice trend” The US dollar has a potential upside against it.
AAVE has traded at $130 as of the time of this writing.
The crypto analyst on Compound.
“Nice solid momentum. Solid foundation here built up on some of these plays, far away from those prior May 2021 highs [of ~ $854]… And I’m not saying it’s going to go all the way up there.”
Compound has a current price of $87.07.
Merten asserts that Uniswap decentralized exchange is a better alternative to UNI. “another really strong play.” According to a crypto strategist, Ethereum is (ETH) could act as a catalyst for Uniswap and other DeFi tokens that are built on the second-largest blockchain by market cap.
“I think some of these plays could really start to pick up as Ethereum is starting to pick up as well on the market.”
UNI is currently trading at $14.95. Ethereum was trading at $3975 as of the time of this writing, an increase of about 150% from mid-October.
Don’t Miss a Beat – Subscribe Get email alerts sent directly to your Inbox
Check out the latest news and updates on our website. Price Action
Follow us Twitter, Facebook You can also find out more about the following: Telegram
Surfing The Daily Hodl Mix
 
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/Two-Crypto-Projects-Will-Likely-Outperform-the-Market-This-Coming.png)
Disclaimer: The Daily Hodl does not provide investment advice. Investors are advised to do their research before investing in Bitcoin or other digital assets. Your transfers and trades will be at your own risk. own You are responsible for any losses you might incur. The Daily Hodl is not an investment advisor and does not recommend buying or selling any digital assets or cryptocurrencies. The Daily Hodl is an affiliate marketer.
Generated Image DALLE3
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: dailyhodl.com