Analyst Who Called Crypto Crash Says Five Altcoins Are Set To Outshine Bitcoin
Cryptocurrency analyst and YouTuber Benjamin Blunts is revealing five altcoins that he believes will perform better than Bitcoin.
The cryptocurrency trader who called Bitcoin’s bottom after the 2017 then-record-high six months ahead of time, kicks off the list with Ethereum.
“…if Bitcoin still continues up to $100k and beyond while this is happening, that’s just going to mean ETH is pumping even more so, you know. If Bitcoin doubles from here that means ETH will triple from here because it’s going to be outperforming Bitcoin.”
The second altcoin that Blunts believes will record larger percentage gains than Bitcoin going forward is blockchain oracle Chainlink (LINK).
“I’m not 100% sure how high LINK will go. I’m not sure whether or not it’s going to make a new all-time high against Bitcoin. But I do think from here it’s going higher, and it’s going to outperform Bitcoin, and its USD value is going to explode.”
The other altcoin on Blunts’ list is decentralized exchange SushiSwap (SUSHI). On the SUSHI/BTC charts, Blunts projects that the decentralized exchange will appreciate by around 70%, and this will translate to larger gains when SUSHI is paired with stablecoins.
“[SUSHI will] probably go up around 70% or so against Bitcoin. So in USD value that will probably be more again.”
Decentralized finance lending protocol Compound (COMP) is another altcoin that Blunts believes will record bigger gains than Bitcoin percentagewise. The cryptocurrency analyst expects COMP to rally by over 160% against the flagship crypto asset.
“So I think ultimately Comp is another nice DeFi project… 164% target against Bitcoin.”
Litecoin is the fifth altcoin that Blunts predicts will outperform Bitcoin and other leading cryptocurrencies by market cap. According to Blunts, “Litecoin is going to outperform a lot of the majors” in the short term.
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Author: Daily Hodl Staff