Image default
Altcoin

Analyst Says Altcoin Season Has Arrived for One Ethereum Competitor, Predicts Dramatic Reversal for Additional DeFi Altcoin

A well-liked cryptocurrency analyst is bullish on the Fantom (FTM) blockchain and one blue-chip decentralized finance (DeFi) platform.

Starting with FTM, the pseudonymous cryptocurrency analyst Smart Contracter tells his 201,500 Twitter followers that crypto property within the Fantom ecosystem are rallying.

“It’s Fantom season as far as I’m concerned, literally every coin on Fantom is turbo sending right now.”

Fantom is a brilliant contract-enabled blockchain designed for excessive efficiency, and FTM is at the moment buying and selling at $2.83.

Next up is DeFi platform Aave (AAVE). Smart Contracter says that AAVE has bottomed and predicts that 2022 will likely be a greater 12 months than 2021 for DeFi-related crypto property.

“Strongly believe a major low is in for AAVE. 2021 was tough for DeFi as a whole but I think 2022 is going to be round two.”

According to the analyst’s interpretation of the Elliott Wave Theory, AAVE has accomplished the dominant five-wave sample heading upwards and the three-wave corrective sample heading downwards. AAVE is now set to proceed with the dominant pattern when paired in opposition to Tether (USDT), based on Smart Contracter.

AAVE might additionally outperform Bitcoin (BTC), based on the crypto dealer.

Image
Source: SmartContracter/Twitter

Smart Contracter additionally says that the sighting of a bullish sample on the tech-heavy US inventory index Nasdaq 100 “bodes well” for Bitcoin.

According to the crypto analyst and dealer, the Nasdaq 100 index has fashioned a bullish ABC sample on the each day chart.

The ABC chart sample consists of three inflection or pivot factors and may both be bullish or bearish. In a bullish ABC sample, the A inflection level is a low, the B inflection level is a excessive and the C inflection level can also be a low.

“Nasdaq trying very nice right here for a brand new all-time excessive – clear ABC construction on the each day chart and turbo bounced on quantity into the shut.

Also pondering it bodes properly for BTC seeing because it virtually topped when tech did albeit extra sharply.”

Image
Source: SmartContracter/Twitter

 

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto electronic mail alerts delivered on to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl usually are not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any loses you could incur are your duty. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please notice that The Daily Hodl participates in internet online affiliate marketing.

Featured Image: Shutterstock/Alberto Andrei Rosu

Related posts

Crypto Analyst Michaël van de Poppe Updates His Outlook on Bitcoin (BTC) and Three Altcoins As Markets Stumble

Crypto Advisor

Economist Alex Kruger Says Inflation Data Will Dictate Next Phase of Bitcoin (BTC) and Crypto Market Cycle

Crypto Advisor

Ethereum Whale Initiates Massive $90,000,000 Shiba Inu (SHIB) Transaction As Top Memecoin Bounces

Crypto Advisor

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

bitcoin
Bitcoin (BTC) $ 19,252.31 0.81%
ethereum
Ethereum (ETH) $ 1,306.46 1.94%
tether
Tether (USDT) $ 1.00 0.08%
usd-coin
USD Coin (USDC) $ 0.999401 0.17%
bnb
BNB (BNB) $ 281.34 0.44%
binance-usd
Binance USD (BUSD) $ 1.00 0.08%
cardano
Cardano (ADA) $ 0.430765 0.04%
xrp
XRP (XRP) $ 0.475643 0.76%
polkadot
Polkadot (DOT) $ 6.26 0.15%
solana
Solana (SOL) $ 32.61 2.44%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 0.23%
dogecoin
Dogecoin (DOGE) $ 0.060635 0.63%
staked-ether
Lido Staked Ether (STETH) $ 1,303.33 1.89%
matic-network
Polygon (MATIC) $ 0.764769 1.22%
tron
TRON (TRX) $ 0.060247 1.46%
dai
Dai (DAI) $ 0.999149 0.11%
avalanche-2
Avalanche (AVAX) $ 16.96 1.51%
ethereum-classic
Ethereum Classic (ETC) $ 27.46 0.55%
leo-token
LEO Token (LEO) $ 4.11 7.09%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 19,208.61 0.95%
uniswap
Uniswap (UNI) $ 6.42 1.35%
litecoin
Litecoin (LTC) $ 52.68 1.72%
cosmos
Cosmos Hub (ATOM) $ 12.62 1.69%
okb
OKB (OKB) $ 15.95 0.57%
ftx-token
FTX (FTT) $ 24.23 0.02%
terra-luna
Terra Luna Classic (LUNC) $ 0.000303 0.18%
near
NEAR Protocol (NEAR) $ 3.55 0.02%
chainlink
Chainlink (LINK) $ 7.35 2.71%
crypto-com-chain
Cronos (CRO) $ 0.110924 1.23%
monero
Monero (XMR) $ 143.59 2.30%
stellar
Stellar (XLM) $ 0.12048 4.76%
bitcoin-cash
Bitcoin Cash (BCH) $ 116.14 5.19%
algorand
Algorand (ALGO) $ 0.358328 1.43%
flow
Flow (FLOW) $ 1.68 0.68%
vechain
VeChain (VET) $ 0.023192 0.72%
eos
EOS (EOS) $ 1.20 1.09%
internet-computer
Internet Computer (ICP) $ 6.04 0.56%
filecoin
Filecoin (FIL) $ 5.57 1.42%
chain-2
Chain (XCN) $ 0.073146 1.80%
frax
Frax (FRAX) $ 0.999339 0.06%
hedera-hashgraph
Hedera (HBAR) $ 0.057774 0.95%
decentraland
Decentraland (MANA) $ 0.694125 0.29%
apecoin
ApeCoin (APE) $ 5.22 3.68%
the-sandbox
The Sandbox (SAND) $ 0.834709 0.35%
tezos
Tezos (XTZ) $ 1.41 1.31%
quant-network
Quant (QNT) $ 138.36 1.86%
axie-infinity
Axie Infinity (AXS) $ 12.54 0.47%
aave
Aave (AAVE) $ 74.24 0.06%
lido-dao
Lido DAO (LDO) $ 1.51 3.59%
elrond-erd-2
Elrond (EGLD) $ 47.56 0.74%
theta-token
Theta Network (THETA) $ 1.06 1.11%
true-usd
TrueUSD (TUSD) $ 0.99984 0.08%
chiliz
Chiliz (CHZ) $ 0.239508 2.23%
bitcoin-sv
Bitcoin SV (BSV) $ 48.20 1.56%
compound-usd-coin
cUSDC (CUSDC) $ 0.022644 1.21%
paxos-standard
Pax Dollar (USDP) $ 1.00 0.09%
kucoin-shares
KuCoin (KCS) $ 9.07 1.04%
bittorrent
BitTorrent (BTT) $ 0.00000077245996 1.39%
ecash
eCash (XEC) $ 0.000041 0.45%
the-graph
The Graph (GRT) $ 0.097889 0.69%
iota
IOTA (MIOTA) $ 0.294863 3.33%
zcash
Zcash (ZEC) $ 55.57 1.36%
huobi-btc
Huobi BTC (HBTC) $ 19,282.60 5.95%
usdd
USDD (USDD) $ 0.999771 0.17%
huobi-token
Huobi (HT) $ 4.44 0.46%
evmos
Evmos (EVMOS) $ 1.37 3.48%
havven
Synthetix Network (SNX) $ 2.30 4.08%
cdai
cDAI (CDAI) $ 0.022316 0.11%
maker
Maker (MKR) $ 735.86 1.53%
bitdao
BitDAO (BIT) $ 0.479376 0.83%
klay-token
Klaytn (KLAY) $ 0.19351 0.21%
neutrino
Neutrino USD (USDN) $ 0.971857 0.34%
fantom
Fantom (FTM) $ 0.223728 1.01%
compound-ether
cETH (CETH) $ 26.30 1.68%
neo
NEO (NEO) $ 8.77 0.89%
helium
Helium (HNT) $ 4.97 6.40%
gatechain-token
Gate (GT) $ 4.29 1.18%
defichain
DeFiChain (DFI) $ 0.693702 3.14%
radix
Radix (XRD) $ 0.060714 0.95%
celsius-degree-token
Celsius Network (CEL) $ 1.37 1.75%
pax-gold
PAX Gold (PAXG) $ 1,654.92 0.11%
pancakeswap-token
PancakeSwap (CAKE) $ 4.53 4.18%
thorchain
THORChain (RUNE) $ 1.54 1.26%
osmosis
Osmosis (OSMO) $ 1.07 2.12%
zilliqa
Zilliqa (ZIL) $ 0.03112 0.22%
enjincoin
Enjin Coin (ENJ) $ 0.450832 0.30%
nexo
NEXO (NEXO) $ 0.898174 3.52%
arweave
Arweave (AR) $ 9.22 0.99%