A noted crypto strategist and technical analyst says a number of crypto assets appear poised to outperform Bitcoin.
The pseudonymous analyst named Cantering Clark says in a YouTube video that he is optimistic about Shroom.Finance (SHROOM), a DeFi ecosystem for NFT coinage and trading.
According to CoinGecko, SHROOM, the asset ranked 483rd by market cap, is trading at around $ 0.70 at the time of writing. It’s up nearly 480% in the last 30 days and 20.8% in the last 24 hours.
When Cantering Clark hosted its livestream, SHROOM was trading closer to $ 0.60. Still, the analyst believes there is more room to grow.
“This is a completely different approach than what I’ve usually traded my entire trading career. I think that’s a boat. I have a considerable amount of money in it. But I’m taking an oversized bet. I won’t be monitoring it in the low timeframes – [that] makes no sense i bet really hard it’s over a dollar. At least.”
The analyst also believes Ethereum (ETH), Polkadot (DOT), Aave (AAVE), Uniswap (UNI), Avalanche (AVAX), and Solana (SOL) will outperform Bitcoin in percentage terms, although he carefully advises investing in these assets carries a higher risk compared to BTC.
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Featured image: Shutterstock / GrandeDuc