A popular Youtube analyst has shared a DeFi altcoin project that he thinks may increase in value after selling out quickly over the past few weeks. Let’s look at the expectations of the analyst, keeping in mind that the estimates do not contain certainty.
The altcoin market is trading at the lowest levels in recent months
InvestAnswers anonymous server to 438,000 YouTube viewers in a new video post DeFi protocol Aave (AAVE) January 2021 It has dropped to levels not seen since. Looking at the AAVE chart, the analyst says:
It’s as if someone went back in time and reset the clock by 16 months. It’s $120 below the 200-day moving average, but when compared to Polkadot and other comparable charts, it’s nearly identical. So the real challenge here – and this is the hard part – was that it was trading at $240 just a few weeks ago. Now at $80.
At the time of writing, AAVE is trading at $89.49. AAVE, the 50th largest cryptocurrency by market cap, has gained 8% in the last 24 hours.
Analyst thinks the market will fluctuate for a while
InvestAnswers server believes that Bitcoin (BTC) will recover soon after the recent crash, but “in the next month or two ” predicts high volatility. The analyst also explains why he remains optimistic about Aave:
Aave is still one of the most used unattended protocols. They are expanding and this will help businesses like stablecoins to profit…
Analyst’s remarks include 3x expectations include:
The second problem is that it can move fast and from now on I recommend climbing stairs up to $240 which is a 3x increase. Like the rest of the market, it’s oversold, but the market can recover quickly.
Ethereum may drop 80%, here are the reasons
As we have included in the analysis of Cryptokoin.com , 22V Research analyst John Roque stated that the Ethereum price has fallen by 80%. He thinks he can fix it. In one chart, the analyst predicts that ETH could do well from a price range of $3,580 highs to $2,000 lows.
You should not miss the other altcoin news of the day. Details can be found here.
