Investor Nicholas Merten claims that altcoins are ready for growth. He means such projects as Ethereum (ETH), XRP and Litecoin (LTC), which in his opinion can shoot against BTC. He said it in the latest episode DataDash.
Nicholas Merten: look at the price, everything is beautiful here
Nicholas Merten notes that the situation on the chart in cryptocurrency markets is really good.
“If you look at the price here, it’s beautiful. That’s what we want to see. It’s a nice side consolidation, higher lows and again there is no further after sales activity. Now we are just waiting for higher increases [kursu] compared to what we saw in December 2018. “
– thinks the investor. He lists, for example, ETH, LTC or XRP as leaders for future growth. At least when it comes to market leaders.
When it comes to XRP, Merten believes that the native Ripple token will register parabolic growth relative to BTC. Paying attention to Litecoin, the trader says that the coin also has the potential to compete on the chart with Bitcoin. He suggests that LTC will rise to 400 percent against BTC.
Jumps greater than on BTC / USD
Merten says that smaller altcoins also have great potential for growth. It indicates e.g. projects such as: Kyber Network (KNC), Ren (REN), Aave (LEND), Basic Attention Token (BAT), Kava (KAVA) and iExe RLC (RLC). In his opinion, they are ready to fire after a period of short falls or consolidation. He adds that these six coins are in his opinion solid long-term assets on the blockchain market, which offer greater growth potential than BTC alone or even other high-capitalization cryptocurrencies.
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