Popular crypto analyst Nicholas Merten examined three digital assets that he says could make significant moves once the altcoin market starts to outperform Bitcoin.
In a new video, Merten says he’s focusing on the industry that could be the most promising as altcoins are poised for an exit:
Merten says emerging Layer 1 protocols are the “best option” for investors in this market and mentions 3 tokens to watch in the category.
According to Merten, e-Radix (EXRD), the first Layer-1 built specifically for decentralized finance (DeFi), is showing extraordinary momentum in the Bitcoin pair (EXRD/BTC).
EXRD, at the time of writing 0.477078 was changing hands at $0, which equates to a nearly 500% increase from a 30-day low of $0.1017.
Continuing with Energi (NRG), a fundamental blockchain with smart contract capability, decentralized voting, and a self-funded treasury, the analyst says the altcoin could be ready to explode after a significant period of inactivity:
NRG hit 2.76 at the time of writing, up 49% from a 7-day low of $1.62.
Finally, Merten brings up MIOTA, an open source distributed ledger focused on the internet of things. The analyst says that MIOTA, like EXRD, is in a long accumulation pattern.
MIOTA is currently trading at $1.36, up 21% from a 7-day low of $1.15.