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Top Crypto Strategist Bullish on Aave and Two Ethereum Competitors As Bitcoin Blasts Above $47,000

A well-liked crypto analyst who nailed the 2018 Bitcoin (BTC) bear market backside says he expects Aave (AAVE) and two Ethereum (ETH) opponents to erupt.

Pseudonymous dealer Smart Contracter tells his 205,400 Twitter followers that it’s a actual chance for decentralized finance (DeFi) lending and borrowing protocol Aave to print a brand new all-time excessive inside a 12 months after a massive 84% drawdown.

“It’s actually pretty easy to find nice charts like this at the moment, but I’m really digging DeFi again. It got rekt the most, but won’t stay like that, in my opinion. [I] wholeheartedly believe the next 12 months has a shot of new all-time highs.”

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Source: Smart Contracter/Twitter

At time of writing, Aave is buying and selling at $173. A transfer to a recent all-time excessive means that Aave has an upside potential of over 257%.

The subsequent coin on the dealer’s checklist is wise contract platform and Ethereum competitor Avalanche (AVAX). Smart Contracter says he agrees with the evaluation of his fellow dealer TheGhost who believes that AVAX is gearing up for a breakout.

At time of writing, Avalanche is exchanging palms for $91.02.

The final coin on Smart Contracter’s radar is Algorand (ALGO), a blockchain for decentralized finance purposes. According to the crypto strategist, he sees ALGO sustaining its bullish momentum above $1.00.

“Move to $1.50-$1.60 looking good in my opinion. [I] wouldn’t be confident on speculating much higher than that though.”

At time of writing, Algorand is buying and selling at $0.92, suggesting an upside potential of round 70% to Smart Contracter’s goal.

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

Featured Image: Shutterstock/Space creator/Natalia Siiatovskaia

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