Well-known analyst Nicholas Merten says an emerging sector is likely to lead the crypto market in terms of strength and performance for the next year.

In one Video Merten recently announced to its 487,000 YouTube subscribers that it was looking at the Metaverse Index on Wrapped Ether (MVI / WETH) to measure the performance of a crypto sector compared to the second largest cryptocurrency.

“Here we saw that the Metaverse is one of the few key areas that Ethereum has overtaken in the last few months.

That’s what I’m looking for as an investor. I like to buy this when the market is bearish and we can see that every time they get nice pullbacks here they build a base and start moving up. ”

The Metaverse Index (MVI) represents a basket of the top tokens in the Metaverse field in a trading instrument. According to Merten, buying MVI is a great way to get access to Metaverse assets.

Daily MVI / WETH chart | Source: TradingView

MVI is currently trading at $ 236.

In addition to the Metaverse, Merten will also be relying on DeFi and NFT in the near future.

“I think the metaverse is number one, then number two is definitely DeFi, NFT. All three have pretty good chances. It’s good to have diversification, but bet more on what you believe in. ”

Daily DPI / WETH chart | Source: TradingView

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