Aave

Compound

Uniswap

Stellar

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 <p>Widely followed analyst Nicholas Merten is offering his forecast on four crypto assets amid an industry-wide market rally.</p>
 <p>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”.</p>
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 <p>According to Merten, XLM could appreciate by around 200% against Bitcoin (XLM/BTC).</p>
 <p><i>“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.”</i></p>
 <p>XLM is trading at 0.00000210 BTC ($0.14) at time of writing.</p>
 <p>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.</p>
 <p>On Aave, Merten says that the decentralized lending protocol is in a “nice trend” against the US dollar, signifying the potential for more upside.</p>
 <p>AAVE is trading at $130 at time of writing.</p>
 <p>On Compound, the crypto analyst says,</p>
 <p><i>“Nice solid momentum. Solid foundation here built up on some of these plays, far away from those prior May 2021 highs [of ~ $854]… And I’m not saying it’s going to go all the way up there.”</i></p>
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   Source: Nicholas Merten/YouTube
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 <p>Compound is trading at $87.07 at time of writing.</p>
 <p>Turning to decentralized exchange Uniswap, Merten says that UNI is “another really strong play.” According to the crypto strategist, Ethereum (ETH) could act as a catalyst for Uniswap and other DeFi tokens that are built on the second-largest blockchain by market cap.</p>
 <p><i>“I think some of these plays could really start to pick up as Ethereum is starting to pick up as well on the market.”</i></p>
 <p>UNI is trading at $14.95 at time of writing. Ethereum is trading at $3,975 at time of writing, up about 150% since mid-October.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/analyst-nicholas-merten-says-xrp-competitor-could-go-up-by-200-updates-outlook-on-aave-compound-and-uniswap-tbt82069.html">https://thebittimes.com/analyst-nicholas-merten-says-xrp-competitor-could-go-up-by-200-updates-outlook-on-aave-compound-and-uniswap-tbt82069.html</a></p>

Analyst Nicholas Merten Says XRP Competitor Could Go Up by 200%, Updates Outlook on Aave, Compound and Uniswap

TheBitTimes

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