Saturday, June 5, 2021

Nicholas Merten: altcoins can start competing with BTC

Investor Nicholas Merten says altcoins are ready for growth. He is referring to projects such as Ethereum (ETH), XRP and [...] https://www.pinterest.com/pin/1085437947660215829/

Investor Nicholas Merten says altcoins are poised for growth. He is referring to projects such as Ethereum (ETH), XRP and Litecoin (LTC), which he believes can shoot up against BTC. He said this in the latest episode of DataDash. Nicholas Merten: look at the price, everything is beautiful here Nicholas Merten notes that the chart situation in the cryptocurrency markets is really good. "If you look at the price here, it's beautiful. This is what we want to see. It's a nice sideways consolidation, higher lows and again no further activity after the sell-off. Now we're just waiting for [the price] to move higher from what we saw in December 2018." - the trader believes. He mentions, for example, ETH, LTC or XRP as leaders for future increases. At least when it comes to the top of the market. As for XRP, Merten believes that the native token Ripple will register a parabolic rise against BTC. Turning his attention to Litecoin, the trader says the coin also has the potential to rival Bitcoin on the chart. He suggests that LTC will grow up to 400 percent against BTC. Jumps bigger than on BTC/USD Merten says that smaller altcoins also have a lot of potential for growth. He points, for example, to 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 already ready to fire after a period of short-term declines or consolidation . He adds that he feels these six coins are solid long-term assets in the blockchain market that offer more upside potential than BTC itself or even other large-cap cryptocurrencies. You can always check the current exchange rate of bitcoin and other cryptocurrencies at bitcoin.co.uk under the bitcoin exchange rate and cryptocurrency exchange rate tabs. Places where you can buy Bitcoin and other cryptocurrencies include BitBay.net cryptocurrency exchange. If you don't have an account on BitBay yet, this article will show you how you can create one efficiently: LINK. Tags btc exchange rate eth exchange rate xrp exchange rate

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