Popular crypto trader and analyst Nicholas Merten lists a handful of altcoins that could soar to over $ 4,000 after Ethereum’s amazing rally.
In a new video, Merten names Uniswap (UNI) as an asset that could benefit from Ethereum’s rapid rise.
The trader tells its 449,000 YouTube subscribers that it has a large position on UNI, which is trading at $ 38.89 at the time of writing, down 9% over the past two weeks, according to CoinGecko.
“The reason I think UNI is in a good place right now is that it’s about halfway where it was against Ethereum in March … It started losing to Ethereum when Ethereum started losing itself to incorporate into its super cycle. “
Merten’s next choice is the Unibright (UBT) enterprise blockchain project. The analyst notes that UBT has held its resistance line to Bitcoin multiple times and “looks like it will rise” in the near future. Merten adds that Unibright has moved pretty well against Ethereum and maintains a solid level of support in the UBT / ETH pair.
Unibright is trading at $ 1.50 at the time of writing and is down more than 30% in the past seven days, according to CoinGecko.
Next on the list of analysts is the 1 inch (1 inch) decentralized stock market aggregator. Merten says he doesn’t currently have a 1-inch position but is “definitely trying to build one” if it can hold its current range against Bitcoin. According to CoinGecko, 1 inch is trading at $ 5.90 at the time of writing.
And Merten’s last crypto choice is Litecoin (LTC), which gained more than 46% against Bitcoin in the first 10 days of May alone. The trader believes that Litecoin is still in the “early beginnings” of its ascent and that it is currently holding the asset.
“This is going to be one of those games – it’s not in the Ethereum ecosystem, but it’s going to be one that you want to watch out for in order for that liquidity to run out.” [and] so that Litecoin gains ground not only against Bitcoin, but also against Ethereum. “
According to CoinGecko, LTC is trading at $ 331.26 at the time of writing and is up 27.7% in the past two weeks.
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Featured image: Shutterstock / Costazzurra