The popular pseudonymous crypto strategist Smart Contractor has been analysing the altcoin market in the wake of Ethereum’s ascent to a new all-time highs in 2021.
The trader, who has built his following after accurately predicting Bitcoin’s bear market bottom in early 2018, believes AAVE, a decentralized lending platform, is one of the most promising coins on the market with potential.
AAVE just went parabolic and went to its all-time high of £316.66 on Wednesday. The governance token has been trading at £316.66 at time of writing, according to CoinGecko.
The analyst also says that Chainlink, which is a decentralized oracle network, is most likely going to follow Ethereum’s breakout soon. It is currently ranked 8th as a crypto asset by marketcap and is up 20% in the past week and trading at £18.46 at time of writing, according to CoinGecko.
Additionally, Smart Contracter is “giga bullish” on Ren, a protocol that enables the transfer of crypto currency assets between blockchains.
He argues the decentralized finance (DeFi) asset is likely to make massive gains against Ethereum, which just reached its all-time high on Wednesday.
The 67th-ranked crypto asset by marketcap has gone up more than 36% in the past week and is trading around £0.52 at time of writing, according to CoinGecko.
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