A cryptocurrency strategist and trader who accurately predicted the 2018 Bitcoin bear market bottom is expecting a renewed tidal wave in the decentralized finance (DeFi) space led by five crypto assets.
The trader, known in the industry as Smart Contracter, tells his 71,000 Twitter followers that each asset has the potential to print gains between 50% and 100% in the near term.
[adinserter block="1"]He’s telling fellow investors to keep a close watch on decentralized exchange Sushiswap (SUSHI) against Bitcoin.
He says the SUSHI/BTC pair can climb to as high as 0.0001626 in the near term from its current price of 0.000122, representing an increase of over 33%.
Number two on the trader’s list of hot DeFi coins is lending protocol Aave.
Smart Contracter notes that the AAVE/BTC pair has already ignited a bullish rally but it still has more upside potential. He also says the asset’s USD chart remains one of the most bullish in the market.
“Aave now +64% [since November 27th] and it is still the single most bullish looking alt chart in the top 50.”
Grabbing the third spot is Synthetix Network native asset SNX, which allows traders to get long or short exposure on commodities, indices, and fiat currencies.
The crypto analyst says SNX will follow the footsteps of Sushiswap and Aave and rally against Bitcoin. In the short term, Smart Contracter sees SNX/BTC soaring over 32% from its current value of 0.0002716.
At number four is decentralized exchange and Sushiswap competitor Uniswap (UNI). The trader expects UNI/BTC to play catch up as it poised to skyrocket from its current value of 0.00019271 to 0.0003 to represent growth of over 55% in the coming weeks.
Last on Smart Contracter’s list is DeFi lending aggregator yearn.finance (YFI). He says the YFI/BTC may be structurally different than the first four on the list but “just as bullish.”
[adinserter block="1"]Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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