Market

TOP analysts call for the explosion of the Fantom ecosystem and a blue-chip DeFi

A prominent analyst is optimistic about the Fantom (FTM) ecosystem and a blue-chip DeFi platform.

Starting with FTM, the analyst is nicknamed Smart Contracter to speak with his 201,500 Twitter followers that the cryptocurrencies in the Fantom ecosystem are exploding.

“As far as I think this is the Fantom season, every token is currently accelerating on the Fantom platform.”

Fantom is a smart contract based blockchain designed for excellence. FTM is currently trading at $ 3.01.

Next up is the DeFi Aave (AAVE) platform. Smart contracter says AAVE has bottomed out and predicts 2022 will be a better year than 2021 for DeFi-related cryptocurrencies.

“Really believe AAVE has bottomed out. 2021 is a difficult year for DeFi in general, but I think DeFi summer will come in 2022. ”

After the analyst’s interpretation of Elliott Wave Theory, AAVE completed a 5-wave bullish pulse and a 3-wave correction pattern. According to the smart contracter, AAVE will now skyrocket in both the USD and BTC pairs.

The source: SmartContracter / Twitter

Smart contracter also said a bullish pattern on the Nasdaq 100 (US technology exchange) is “good news” for Bitcoin.

According to the analyst, the Nasdaq 100 has completed an ABC correction on the daily chart and is now ready to move higher.

“Nasdaq looks really good here with all-time highs and a full ABC structure on the daily chart.

This bodes well for BTC as they are closely correlated. ”

The source: SmartContracter / Twitter

Join our telegram to keep track of news and comment on this article: https://t.me/coincunews

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.