Explanation From Experienced Analyst 6 Altcoins Could Leave Bitcoin Behind At This Date

Crypto strategist and trader Nicholas Merten says he is watching six cryptocurrencies closely in preparation for an incoming altcoin super cycle. The analyst also emphasizes that these altcoin projects will surpass Bitcoin with their rise.

Nicholas Merten: As we enter May, we will see the second wave of altcoin boom

Nicholas Merten tells 406,000 YouTube subscribers in a new video that the next leg of the altcoin bull cycle is set to explode in the coming weeks. Nicholas Merten adds the following to his comments on the subject:

CURRENTLY, ALTCOINS ARE A GREAT TIME FOR A SECOND CYCLE… BEGINNING IN MAY OF THIS YEAR, WE WILL SEE THE SECOND WAVE OF THE CURRENT ALTCOIN CYCLE WE LIVE.

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As altcoins prepare for the potential next phase of the bull cycle, Nicholas Merten says he's keeping an eye on some of the decentralized finance (DeFi) and NFT (non-fungible tokens) cryptocurrencies that he believes will outperform Bitcoin.

Nicholas Merten: My first choice is PancakeSwap…

The first cryptocurrency on Nicholas Merten's radar is the decentralized exchange PancakeSwap (CAKE / BTC). Nicholas Merten adds the following to his comments on the subject:

HERE WE SEE A BEAUTIFUL 50% CORRECTION AND THREE DAYS OF RALLY. 

Actually, you are beginning to see that the volume of the purchasing party is returning and that it has begun to leave behind some of these days… according to me, it seems real interest to you to see that the volume of purchases has increased.

Nicholas Merten: Stacks and Uniswap will soon explode cryptocurrencies

Next is a project that aims to bring DeFi to Bitcoin. Nicholas Merten says Stacks (STX / BTC) is ready for a major rally as it can break resistance (0.000025) after months of sideways action. The third coin on Nicholas Merten's list is the decentralized exchange Uniswap (UNI / BTC), which he says is currently preparing to explode in anticipation of the next big catalyst. Nicholas Merten adds the following to his comments on the subject:

I WAIT FOR THE MOMENT TO COME HERE WHEN I BE CONSOLIDATED. WE ARE WAITING FOR THE LAUNCH OF UNISWAP V3. It will probably appear very soon. THIS WILL BE YOUR TURNING POINT TO REALLY INCREASE PRICES.

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Nicholas Merten: Rarible and Enjin aim for new heights

The fourth project on the analyst's list is the NFT platform Rarible (RARI / BTC). Nicholas Merten expects the couple to find support and establish a base at 0.00035 before continuing the uptrend.

Blockchain gaming platform Enjin (ENJ / BTC) ranks fifth on the analyst's list. This is an altcoin that the analyst says is in the process of pulling back after a monstrous rally. Nicholas Merten adds the following to his comments on the subject: