Widely followed analyst Nicholas Merten is offering his forecast on four crypto assets amid an industry-wide market rally.
Starting with payments-focused blockchain network Stellar (XLM), Merten tells the 510,000 YouTube subscribers of the DataDash channel that the XRP rival is sitting at a “typical discount range”.
According to Merten, XLM could appreciate by around 200% against Bitcoin (XLM/BTC).
“You’ve got an opportunity here [with XLM] to have a 3X against Bitcoin, right from 0.00000200 BTC to 0.00000600 BTC. I like those kind of plays.”
XLM is trading at 0.00000210 BTC ($0.14) at time of writing.
Turning to decentralized finance (DeFi), the widely followed analyst says that some of the altcoins in the sector such as Aave (AAVE), Compound (COMP) and Uniswap (UNI) are oversold.
On Aave, Merten says that the decentralized lending protocol is in a “nice trend” against the US dollar, signifying the potential for more upside.
AAVE is trading at $130 at time o
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