Analyst Nicholas Merten has shared his market outlook for several cryptocurrencies, including Stellar (XLM), Aave (AAVE), Compound (COMP), and Uniswap (UNI).
Stellar (XLM)
Merten believes XLM, a rival to Ripple’s XRP, is currently undervalued. He predicts a potential 200% increase in its value against Bitcoin (XLM/BTC).
Decentralized Finance (DeFi)
Aave (AAVE)
Merten sees AAVE, a decentralized lending platform, in a positive trend against the US dollar, indicating further growth potential.
Compound (COMP)
While COMP has not reached its previous highs, Merten believes it has a solid foundation and momentum for continued gains.
Uniswap (UNI)
Merten views UNI as another strong investment. He suggests that Ethereum’s recent price increase could benefit Uniswap and other DeFi tokens built on the Ethereum blockchain.
