Top Crypto Strategist Bullish on Aave and Two Ethereum Competitors As Bitcoin Blasts Above $47,000

Daily HodlPublicado a 2022-03-30Actualizado a 2022-03-29

Resumen

A popular crypto analyst who nailed the 2018 Bitcoin (BTC) bear market bottom says he...

A popular crypto analyst who nailed the 2018 Bitcoin (BTC) bear market bottom says he expects Aave (AAVE) and two Ethereum (ETH) competitors to erupt.
Pseudonymous trader Smart Contracter tells his 205,400 Twitter followers that it is a real possibility for decentralized finance (DeFi) lending and borrowing protocol Aave to print a new all-time high within a year after a massive 84% drawdown.
“It’s actually pretty easy to find nice charts like this at the moment, but I’m really digging DeFi again. It got rekt the most, but won’t stay like that, in my opinion. [I] wholeheartedly believe the next 12 months has a shot of new all-time highs.”

Image

Source: Smart Contracter/Twitter At time of writing, Aave is trading at $173. A move to a fresh all-time high suggests that Aave has an upside potential of over 257%.
The next coin on the trader’s list is smart contract platform and Ethereum competitor Avalanche (AVAX). Smart Contracter says he agrees with the assessment of his fellow trader TheGhost who believes that AVAX is gearing up for a breakout.
defo agree on this and $avax is one of the alts im long right now, send this mofo post haste. https://t.co/1Og0lYGrCp
— Bluntz (@SmartContracter) March 28, 2022
At time of writing, Avalanche is exchanging hands for $91.02.
The last coin on Smart Contracter’s radar is Algorand (ALGO), a blockchain for decentralized finance applications. According to the crypto strategist, he sees ALGO sustaining its bullish momentum above $1.00.
“Move to $1.50-$1.60 looking good in my opinion. [I] wouldn’t be confident on speculating much higher than that though.”
At time of writing, Algorand is trading at $0.92, suggesting an upside potential of around 70% to Smart Contracter’s target.

Lecturas Relacionadas

Wintermute Analysts Outline Conditions for Continued Bitcoin Growth

Analysts from Wintermute have outlined the conditions needed for Bitcoin's rally to continue. Bitcoin recently broke out of a six-week period of stagnation, climbing to $79,300. This rise was accelerated by the U.S. Treasury Department's promise to increase long-term bond buybacks and a large number of trader bets against the asset's price. Wintermute believes the period of low volatility is over, though a quick pullback to recently tested levels is possible. Experts at the market maker compared the current situation to May, noting that while price levels were similar back then, inflows into spot Bitcoin ETFs are now significantly stronger. They view these higher ETF inflows as a sign of sustained demand from large investors. In the futures and options markets, traders are also anticipating sharper price swings, with the seven-day volatility indicator exceeding 40%. Funding rates remain positive but are not at extreme highs. Wintermute assesses that market participants are gradually beginning to use leverage again following a recent wave of position liquidations. Looking ahead, Wintermute specialists believe near-term market dynamics could be influenced by chipmaker Nvidia's earnings report, U.S. economic statistics, and a scheduled speech by former Federal Reserve Governor Kevin Warsh on August 28th. In related news, Coinbase CEO Brian Armstrong recently stated that Bitcoin could be worth several times its current price of around $75,000 by 2030, citing potential U.S. regulatory changes as a key growth factor.

cryptonews.ruHace 12 min(s)

Wintermute Analysts Outline Conditions for Continued Bitcoin Growth

cryptonews.ruHace 12 min(s)

Trading

Spot
活动图片