The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Biggest Altcoin Boom in History Has Arrived, Says DataDash Founder Nicholas Merten – Here Are the Assets on His Radar

by Daily Hodl Staff
February 7, 2021
in Altcoins, Trading

DataDash founder Nicholas Merten is shining the spotlight on three digital assets as he says the largest altseason in history is underway.

The DataDash founder tells his 382,000 subscribers that, despite the recent altcoin volatility, he’s confident that the crypto market is just in the early innings of the bull cycle.

Merten is using the market cap of Ampleforth (AMPL) to track its performance. With a market cap of under $400 million, the trader believes AMPL can significantly grow into a multi-billion-dollar valuation as it repeats the three phases of its 2020 bull cycle.

“Generally speaking we’ve got a really nice technical build-up that was made throughout 2020, and that was one of the top DeFi (decentralized finance) performers, Ampleforth or AMPL, one of the rebasing or elastic supply cryptocurrencies.

The great thing about Ampleforth, overall, here is its technical pattern that it builds. It has its initial phase here, its first wave of its bull cycle here from its lows… We have the descending channel here, almost a bull flag if you will, and along with that, the follow-through, the mass move of the cycle.

Well, we’ve had the first phase here in this case. The secondary phase, the consolidation… and now, we’re starting to play into the early stages of phase three, just like what we saw over here…

It’s very realistic to assume that Ampleforth here could go towards being a $1 billion, $2 billion, $5 billion cryptocurrency. At this rate, it’s very very reasonable.”

Source: Nicholas Merten/YouTube

Another coin on Merten’s radar is Benchmark Protocol (MARK), which he says can reasonably compete with Ampleforth because of its unique methods of rebasing.

“Unlike Ampleforth which just tries to peg itself to the dollar or an inflation-adjusted dollar from 2018, in regards to Benchmark, they’re utilizing things such as the SDR (special drawing rights) as their peg, and for rebasing they’re utilizing volatility measures in the market like the VIX in order to determine whether or not to rebase and provide more of the native currency, in this case to its holders in order to combat volatile moments as well as reduce supply when there’s not volatility or below our historic means.”

The third altcoin on Merten’s list is decentralized exchange Uniswap (UNI), which he says can increase over 177% from its current price of $18.

“A lot of people are curious about, you know, am I still sticking to my guns about the $50 price target? And, I am. I’m still confident here that we’re going to be getting somewhere near $50… The major thing we want to focus on here is the trend. On the logarithmic chart, it’s been very clear here. We had a large mean away from the line of support here, and then we started to consolidate along this logarithmic line of support and now again we had started to break away as optimism came in and eventually I think we’re going to get a pop here very very soon here where the overall price is going to start moving higher yet again.”

I

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
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 cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Meta Earth Network 2.0 – Pioneering Web 3.0 Innovation With Rewards and Global Events
    June 20, 2025
  • Perceptron Network Merges With BlockMesh To Create First End-to-End Decentralized AI Data Infrastructure
    June 20, 2025
  • Bubblemaps Integrates With TON, Enhancing Transparency in Telegram’s Native Blockchain Ecosystem
    June 19, 2025
  • NATIX Network Launches DePAI Initiative, Merging DePIN Infrastructure With Decentralized AI
    June 19, 2025
  • BitVault Raises $2 Million From GSR, Gemini and Auros To Launch BTC-Backed Money
    June 18, 2025
  • TAC Raises $11.5 Million To Bring DeFi to Telegram’s Billion-User Ecosystem
    June 18, 2025
  • Falcon Finance Launches Pilot Season of Falcon Miles Points Program To Reward Ecosystem Participants
    June 18, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$103,413.71
$103,413.71
0.91%
Ethereum
$2,423.37
$2,423.37
3.38%
BNB
$642.64
$642.64
0.02%
Solana
$140.28
$140.28
3.12%
XRP
$2.12
$2.12
1.28%

Spotlight

  • Hacker Strikes Mortgage Firm, Steals Personal Info From 30,453 People, Including Security Numbers, Names and Account Details
    June 13, 2025
  • $190,000 Bitcoin Within the ‘Realm of Possibility,’ According to Analyst Kevin Svenson – Here’s His Outlook
    June 13, 2025
  • Trump Calls Fed Chair Jerome Powell a ‘Numbskull,’ Claims Lack of Rate Cuts Are Costing US $600,000,000,000 a Year
    June 13, 2025
  • Here Are the Possible Bearish Targets for Bitcoin After BTC Fails To Break Out Above Major Level, According to Crypto Analyst
    June 13, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl