A popular crypto strategist says that four altcoins, including Polygon (MATIC) and Curve (CRV), have the potential to print 10x gains this year while the broader crypto markets trade sideways.
In a new strategy session, Jason Pizzino tells his 254,00 YouTube subscribers that blockchain scaling solution Polygon is still in a bull trend despite its ongoing pullback from the all-time high of $2.92.
“If no one’s speaking about it because the price is going down, generally that’s the time you want to be looking to enter a position…
So I still see this as a bull market: higher lows, that’s pretty straightforward. Fifty percent [Fibonacci] level about $2.20.”
Another coin on the trader’s list is CRV, the governance token of stablecoin-focused decentralized exchange Curve Finance.
“Curve is at a total value locked of $24 billion and so you’ve got the market cap against the total value locked is 0.1. So, market cap about $2.4 billion, total value locked: $24 billion.
I think there’s going to be a big catchup game here as well to value Curve closer to the value locked on Curve at the moment.”
Next up is Sushi (SUSHI), the governance token of decentralized exchange SushiSwap. According to Pizzino, Sushi’s relatively small market valuation puts it in a position to generate exponential gains.
“Sushi is a $1 billion market cap, fully diluted at $2 billion. So for a 10x, $10 billion seems reasonable…
And when these things get going, we don’t know where they stop. They just keep going.”
Pizzino adds that Sushi is currently pulling back and that his entry points are between $6 and $7.50.
The fourth crypto asset is Yearn.Finance (YFI), a decentralized finance platform that powers an automated yield farming strategy. Pizzino says YFI’s fundamentals look solid while the technicals flash signs of strength.
“The total value locked also looking good: $5.7 billion with a market cap of $1.4 [billion]…
We’re starting to see higher lows form as well.”
The crypto analyst adds that he sees YFI hitting $100,000 before BTC reaches the six-figure milestone.
I
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
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 loses 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.
Featured Image: Shutterstock/MoVille/Natalia Siiatovskaia
Source: https://dailyhodl.com/2022/01/05/polygon-matic-curve-crv-and-two-additional-altcoins-primed-for-10x-gains-this-year-according-to-analyst-jason-pizzino/