7 Crypto Assets Making Huge Moves As Bitcoin BTC and Ethereum ETH Prepare for Breakout Says Analyst Nicholas Merten

7 Crypto Assets Making Huge Moves As Bitcoin (BTC) and Ethereum (ETH) Prepare for Breakout, Says Analyst Nicholas Merten

‎Crypto analyst Nicholas Merten says the crypto markets are gaining momentum.

On a new episode of DataDash, Merten looks at digital assets in the 100-200 rank by market capitalization and points to a few that are making big moves.

“The excitement’s happening. We’re seeing a lot of plays starting to make 10, 20, 30% moves in a single day, and this is the kind of sign here of a reversal pattern in cryptocurrency markets. Optimism starting to show… 

Request Network up 26.6%. Band Protocol, a competitor within the Oracle space, up nearly 18%. Ocean Protocol [up] 14%. Haven Protocol, another one that many people have been talking about, up 13.69%.

And also things like Theta Fuel, Elastos and Unibright all up in the double-digit territory. So this is really exciting to see.”

Merten says Kava (KAVA), a decentralized financial services platform currently ranked 102nd by market cap, is one of his top three plays of the month. The asset, trading at $1.75 at the time of writing, has surged since the beginning of July.

Merten is also bullish on Bitcoin (BTC), predicting a sharp move to the upside for the crypto king and for Ethereum (ETH) “in the next month or so.”

“I really do think you’re going to see Bitcoin above $10,000, you’re going to see ETH above $300, and you’re going to see a ton of altcoins continue day by day, in this case, to continue making double-digit returns into the month of August.” 

Back in April, Merten said he believes $100,000 is a practical price target for Bitcoin’s next long-term cycle.

 

Written by Daily Hodl Staff

https://dailyhodl.com/2020/07/14/7-crypto-assets-making-huge-moves-as-bitcoin-btc-and-ethereum-eth-prepare-for-breakout-says-analyst-nicholas-merten/

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