According to Popular crypto strategist Nicholas Merten altcoins are gearing up for the alt season and they might be just preparing to explode amidst the altcoin supercycle.
Merten reveals in his new video, six altcoins that can possibly soar to new all time highs in the coming weeks.
PancakeSwap (CAKE)
The interesting fact about Pancakeswap is that it’s being built on the Binance Smart Chain making CAKE a good buy in the long term. CAKE observed a 50% correction in the last 3 days and he says that the volume is slowly picking up and we can see the buy-side volume returning.
Pancake today is at $11.79 with its price up by 6.5% in the last 24 hours.CAKE prices skyrocketed to reach an all-time high of $19.50 on Feb. 19
Stacks ( STX )
Stacks which is an open-source network of decentralized apps and smart contracts built on Bitcoin is next up on Mertens list. After months of sideways actions STX/BTC might get into action and break the resistance of $0.000025. On Feb 24 Stacks saw a record breaking $166 million in trading volume with a new all time high of $1.17.
Uniswap ( UNI )
Uniswap price is rising, leaving UNI in the top-ten performing cryptocurrencies. The platform is presently setting the groundwork in expectation for the next big announcement.
As we’ve been consolidating here, waiting for the moment to get up here, waiting for the launch of Uniswap v3. It’s going to be coming up probably very, very soon. That’s going to be your inflection point to really press prices higher.”
Rarible ( RARI )
NFT frenzy Rarible is fourth on Mertens radar. Merten anticipates the RARI/BTC pair to get support and create a base at 0.00035 before it can continue its uptrend.
Raribles price was down by 9.5% at $22.20 at the time of writing.
Enjin ( ENJ )
On the fifth spot is the popular blockchain gaming platform Enjin (ENJ/BTC), which the analyst says is in the midst of a pullback after a great bullish run.
“What it looks like we’re probably going to get here is again a 50% correction (0.000026) to make support around previous historical resistance. We can see that this was a significant level back here and also was a midpoint here before the secondary wave of the last cycle.”
Flow
Lastly on Merten’s radar is Flow (FLOW/BTC), a protocol designed for gaming and NFT use cases. The crypto influencer predicts FLOW/BTC to drop to support around 0.00041.
“I think we’re going to see this come down towards the range of previous resistance and support, right at a nice clean 50%. It’s all shaping up, guys.”