A popular cryptocurrency strategist says four altcoins, including Polygon (MATIC) and Curve (CRV), have the potential to print 10x gains this year as broader crypto markets trade sideways.
In a new strategy session, Jason Pizzino told his 254,00 YouTube subscribers that Polygon’s blockchain expansion solution is still in an uptrend despite a steady pullback from an all-time high of $2.92.
“If no one is talking about it because the price is going down, that’s generally when you want to look for a position entry…
So I still see this as a bull market: higher lows, and that’s pretty straightforward. fifty percent [Fibonacci] The level is approximately $2.20.”
Another coin on the trader’s list is CRV, which is the governance code for a decentralized curve exchange focused on stablecoins.
“The curve has a total locked out value of $24 billion, so I get the market capitalization against the total insured value is 0.1. So the market capitalization is about $2.4 billion, and the total insured value is: $24 billion.
I think there will be a big catch-up game here as well to estimate Curve close to the value that is installed on Curve at the moment.”
Next up is Sushi (SUSHI), the governance code for the decentralized exchange SushiSwap. According to Pizzino, Sushi’s relatively small market valuation puts it in a position to make huge gains.
The market capitalization for sushi is $1 billion, fully diluted at $2 billion. So $10 billion seems reasonable…
And when these things go, we don’t know where they stop. They just keep going.”
Pizzino adds that Sushi is currently on the decline and his entry points are between $6 and $7.50.
The fourth crypto asset is Yearn.Finance (YFI), a decentralized finance platform that supports the automated yield farming strategy. Pizzino says YFI fundamentals are looking strong while technical indicators are showing signs of strength.
“Total proven value also looks good: $5.7 billion with a market capitalization of $1.4 [billion]…
We’re starting to see higher bottoms forming as well.”
The crypto analyst adds that he sees YFI hitting $100,000 before BTC hits six figures.
Check price action
Don’t miss out – sign up to get encrypted email alerts delivered straight to your inbox
Follow us TwitterAnd Facebook and Telegram
Browse The Daily Hoodle Mix
Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should perform their due diligence before making any high-risk investments in bitcoin, cryptocurrency or digital assets. Please be aware that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrency or digital assets, and The Daily Hodl is not an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.
Featured Image: Shutterstock/MoVille/Natalia Siiatovskaia