<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-strong-rally-for-four-altcoins/" data-wpel-link="internal">Analyst Predicts Strong Rally for Four Altcoins</a><br></p>
<p style="text-align: justify">Closely followed crypto currency analyst <strong>Nicholas Merten</strong> shared his views on the potential trajectory of four <a href="https://coin-turk.com/ethereumun-eth-rekoru-eth-agini-daha-zor-bir-duruma-soktu" data-wpel-link="internal">altcoins</a> during the market-wide rally. The analyst explained that he expects all four evaluated altcoins to experience a strong rise.</p> 
<h2 style="text-align: justify" id="strong-threefold-return-forecast-for-xlm-strong"><strong>Threefold Return Forecast for XLM</strong></h2> 
<p style="text-align: justify">In his crypto-focused YouTube channel <strong>DataDash</strong>, Merten provided a general assessment for altcoins on his watchlist, sharing his predictions for Stellar (XLM), Aave (AAVE), Compound (COMP), and Uniswap (UNI), indicating they offer potential opportunities for investors. Starting his analysis with Stellar’s XLM, Merten mentioned that the payment-focused Blockchain network is currently trading in a “typical discount range” compared to its competitor XRP. He suggested that XLM could gain about 200% in value against <a href="https://en.coin-turk.com/is-it-worth-buying-bitcoin-short-term-holders-in-a-difficult-situation/" data-wpel-link="internal">Bitcoin</a> (XLM/<a href="https://en.coin-turk.com/bitcoins-potential-rise-to-49000-amid-market-recovery/" data-wpel-link="internal">BTC</a>), potentially offering investors a threefold return opportunity from 0.00000200 BTC to 0.00000600 BTC.</p> 
<h2 style="text-align: justify" id="strong-oversold-commentary-for-3-defi-altcoins-strong"><strong>“Oversold” Commentary for 3 DeFi Altcoins</strong></h2> 
<p style="text-align: justify">Following his XLM assessment, Merten moved on to the decentralized finance (<a href="https://coin-turk.com/defi-tokenlari-kripto-para-piyasasinda-gorulen-sert-duzeltmeden-agir-etkilendi" data-wpel-link="internal">DeFi</a>) sector, noting that leading members of the <a href="https://en.coin-turk.com/defi-market-shows-strong-growth-despite-bearish-conditions/" data-wpel-link="internal">DeFi</a> world, Aave (AAVE), Compound (COMP), and Uniswap (UNI) are currently oversold. Regarding Aave, Merten mentioned that the protocol is showing a positive trend against the US dollar and has more upside potential.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-325221" src="https://coin-turk.com/wp-content/uploads/2024/03/COMP-Altcoin.png" alt="" width="1177" height="620"></p> 
<p style="text-align: justify">Commenting on Compound’s COMP, Merten pointed out that despite trading below its previous high levels from May 2021, it has strong momentum and a solid foundation. Similarly, the analyst highlighted Uniswap’s UNI as another strong asset in the DeFi sector.</p> 
<p style="text-align: justify">The analyst believes that ETH’s upward trend acts as a catalyst for Uniswap and other DeFi altcoins built on the Ethereum Blockchain, potentially leading to a continued increase in their prices.</p> 
<p style="text-align: justify">Merten’s bullish predictions for the leading four altcoins come amidst Ethereum’s notable rising trend. At the time this article was prepared, ETH was trading below $3,900. Data shows that the altcoin king has risen over 65% since the beginning of the year.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/analyst-predicts-strong-rally-for-four-altcoins/" data-wpel-link="internal">Analyst Predicts Strong Rally for Four Altcoins</a></h5>

Analyst Predicts Strong Rally for Four Altcoins

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