While Nicholas Merten, founder of DataDash, says that the biggest altcoin season in history is in full swing, the attention is focused on three digital assets.
The DataDash founder tells his 382,000 subscribers that he is confident that despite recent altcoin pump moves, the crypto market is still in the early stages of the bull cycle.
As altcoins show signs of strength, Merten is using the market value of Ampleforth (AMPL) to track its performance. Emphasizing that it has a market capitalization of less than $ 400 million, the celebrity believes that AMPL could evolve into a significant multi-billion dollar valuation while repeating the three phases of the 2020 bull cycle.
“Generally speaking, we have a really good technical backlog made throughout 2020 and this was one of the best DeFi (decentralized finance) performances, Ampleforth or AMPL, one of the cryptocurrencies that resell or resell.”
MARK and Uniswap
Another coin on Merten’s radar is the Benchmark Protocol (MARK), which it says can reasonably compete with Ampleforth because of its unique resale methods.
The third altcoin on Merten’s list is the decentralized exchange Uniswap (UNI), which it says could rise by over 177% from its current price of $ 18.
“Many people wonder, you know, I’m still pretty clear on the $ 50 price target. I’m sure we’ll still approach $ 50 here… The most important thing we want to focus on here is the trend. On the logarithmic chart, this is very clear. There was a big deal away from the support line here, and then we started consolidating along this logarithmic support line, and now we’re starting to break again as optimism comes, and I think we’ll eventually get to the next level. ”