According to the popular whale, these five altcoins have huge growth potential
2 min readA prominent crypto whale and analyst says he is tracking the movements of five altcoins, which he notes have huge potential for growth.
The pseudonymous analyst, known in the industry as Crypto Messiah, tells his 134,800 followers that he is following the decentralized finance (DeFi) sector because five altcoins in the segment seem ready to start uptrends.
5 altcoins with huge potential
The first on the cryptocurrency list is SNX, a cryptocurrency that provides trading in synthetic assets (synthesizers) on the Synthetix platform. According to Crypto Messiah, preliminary plan is to follow the trend line of long-term logging channels.
“DEFI.” Several long-term log channels… Uptrend is huge. ”
Following the trend lines, SNX has the potential to peak between 90 and 140 by early 2022.
Another coin on the list of dealers is the protocol THORChain (RUNE).
“RUNE.”
Based on the trader’s chart, RUNE appears to have bounced off the bottom of the channel, climbing to the top of the channel at around $ 26.
Next up is Bancor (BNT), a network that allows merchants to seamlessly exchange various tokens without the need for an intermediary.
“BNT.”
Looking at the chart, BNT seems to be jumping around $ 40 on the way to the top of the channel.
The fourth on the merchant’s radar is the decentralized lending protocol Aave, which according to him shows a different pattern than the other three coins, but his thesis remains the same.
“A little different structure on AAVE… but a $ 2,000 + option.”
From the current Aave price of $ 388, the move to the Crypto Messiah target represents an increase of more than 440%.
The last coin is CRV, the management token of the decentralized exchange Curve Finance. Crypto Messiah says the CRV price campaign monitors Fibonacci’s levels of support and resistance.
Crypto Messiah as well emphasizes that the potential bull run of these five coins still depends on the long-term performance of the BTC.
