A popular crypto analyst who correctly predicted the 2018 Bitcoin (BTC) bear market bottom says that Aave (AAVE) and two Ethereum (ETH) rivals could explode soon. Let’s examine the current altcoin analysis, keeping in mind that the prediction is not certain.
While Bitcoin stays above $47,000, these 3 altcoins may explode
As you can see in this article, Smart Contracter correctly predicted the bottoms in the 2018 Bitcoin (BTC) bear market, in its current analysis, DeFi lending and borrowing protocol Aave He says ‘s could hit ATH in a year after a massive 84% drop:
It’s actually pretty easy to find nice charts like this right now. I wholeheartedly believe that the next 12 months will reach all-time highs (ATH).
At the time of writing, Aave (AAVE) is trading at $182.34. A move to an all-time high indicates Aave has over 257% upside potential. The next altcoin on the successful analyst’s list is the smart contract platform and Ethereum rival Avalanche (AVAX). Smart Contracter agrees with fellow analyst TheGhost’s assessment, who believes AVAX is poised for a debut, said in the tweet below.
Avalanche (AVAX) in 10th place by market value at the time of writing ) is trading at $94.40.
Analyst’s expectation from ALGO 70%
The last altcoin on Smart Contracter’s radar is Algorand (ALGO), a blockchain for decentralized finance applications. Crypto strategist sees ALGO maintaining bullish momentum above $1.00:
Move between $1.50-1.60 which looks good in my opinion. I wouldn’t be sure to speculate much higher than that.
Algorand (ALGO) is trading at $0.9462 at the time of writing and which indicates an upside potential of about 70% to Smart Contracter’s target. Kyle Portman, whose analysis we shared as Kriptokoin.com, published a research in which he discussed the 2022 roadmap for Algorand. Also recently, the famous music and file sharing platform LimeWire announced that it has chosen Algorand Blockchain for its new project, citing its high energy efficiency.
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