Crypto Analyst Predicts Major Spike for These Two Altcoins: Are You Ready?

Are you on the hunt for the next big crypto opportunity? With the ever-evolving landscape of digital currencies, identifying promising altcoins can feel like searching for a needle in a haystack. But what if a respected voice in the crypto space pointed you directly towards potential winners? That’s exactly what popular crypto analyst Nicholas Merten has done, highlighting two altcoins he believes are primed for a significant surge.

Who Are These Altcoins Ready to Explode?

Nicholas Merten, known to his 480,000 YouTube subscribers for his insightful crypto analysis, recently shared his perspective on altcoins with significant upside potential. He believes the stage is set for altcoins to outperform Bitcoin in the coming months.

Merten explained his rationale, stating:

“So generally speaking, we’re still setting up the framework here for altcoins to make a killer… breakout and still continue to outpace Bitcoin over the rest of the year… But I want to go ahead and talk about the sector that’s garnered a lot of interest from me. There’s the Metaverse out there, there’s NFTs, there’s decentralized finance (DeFi)… so what is there that really is almost a time-tested and true trend that we’re seeing… within the crypto space? Well, we’re seeing emerging layer 1s.”

According to Merten, focusing on emerging layer 1 protocols could be a strategic move for investors right now. He pinpointed a few coins in this category, but let’s dive into the two he emphasized:

Altcoin Pick #1: e-Radix (EXRD) – The DeFi Powerhouse

First on Merten’s radar is e-Radix (EXRD), a blockchain specifically designed for decentralized finance (DeFi). He notes the bullish signals in its trading pair against Bitcoin (EXRD/BTC).

“You can see here against Bitcoin it had a descending wedge break out, volume has really surged, price has really started to break out, and the momentum is… really phenomenal. Every time we’ve been pulling back, we made support on previous resistance…”

Let’s break down why this is significant:

• Descending Wedge Breakout: This technical pattern often indicates a shift from a downtrend to an uptrend.
• Surging Volume: Increased trading volume accompanying a breakout suggests strong conviction behind the price movement.
• Support on Previous Resistance: This shows a healthy trend where former resistance levels become new support, indicating growing strength.

The numbers speak for themselves. EXRD is currently trading around $0.4965, marking an impressive approximately 500% increase from its 30-day low of $0.1017. This kind of growth can certainly catch the eye of investors looking for substantial returns.

Altcoin Pick #2: Energi (NRG) – The Community-Driven Blockchain

The second altcoin Merten highlights is Energi (NRG). Energi is a foundational blockchain that boasts smart contract capabilities, decentralized governance through voting, and a self-funded treasury. Merten believes NRG is gearing up for significant positive price action.

“I think now, with a lot of the fundamentals that are coming out of Energi, it could set the stage where it could pop up higher and start to climb up even further and… maybe even kick-off its first major bull rally in some time. I like to find these plays that have… been silent, working behind the scenes on fundamentals.”

Why is Merten optimistic about Energi?

• Strong Fundamentals: Energi’s focus on governance and its treasury model suggest a sustainable and community-driven project.
• Undervalued Potential: Merten looks for projects that have been diligently developing their technology and infrastructure without excessive hype, suggesting potential for significant growth when the market takes notice.
• Potential Bull Rally: His statement hints at the possibility of NRG experiencing a substantial price increase, potentially its first major rally in a while.

Key Takeaways: What Does This Mean for You?

Merten’s analysis offers a compelling perspective on two altcoins that could be worth watching closely. Here are some key takeaways:

• Layer 1 Focus: Merten emphasizes the potential of emerging layer 1 blockchains, suggesting this sector could be a hotspot for growth.
• Technical and Fundamental Strength: Both EXRD and NRG exhibit promising technical indicators and solid underlying fundamentals, according to Merten’s analysis.
• Potential for Significant Gains: The analyst’s predictions point towards the possibility of substantial price appreciation for these altcoins.

Important Considerations Before Investing

While Merten’s analysis is insightful, it’s crucial to remember that the cryptocurrency market is inherently volatile. Before making any investment decisions, consider the following:

• Do Your Own Research (DYOR): Don’t rely solely on one person’s opinion. Thoroughly research e-Radix and Energi, understanding their technology, teams, and roadmaps.
• Risk Management: Only invest what you can afford to lose. Cryptocurrency investments carry significant risk.
• Market Volatility: Be prepared for price fluctuations. The value of cryptocurrencies can change rapidly.

In Conclusion: Keeping a Close Eye on Promising Altcoins

Nicholas Merten’s spotlight on e-Radix (EXRD) and Energi (NRG) provides valuable insights into the potential of specific altcoins within the broader crypto market. His analysis, focusing on emerging layer 1 protocols with strong technical and fundamental bases, offers a compelling case for these digital assets. While the crypto market remains dynamic and unpredictable, keeping an eye on projects like EXRD and NRG, backed by thorough research and sound risk management, could potentially lead to rewarding investment opportunities. Will these altcoins live up to the hype? Only time will tell, but the signals are certainly intriguing.