10x Will! ”: Here are 3 Altcoins to Explode in October, According to Master Trader - News-Credit-Mortgage-Coin

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Wednesday, September 30, 2020

10x Will! ”: Here are 3 Altcoins to Explode in October, According to Master Trader

 



DataDash founder and popular crypto analyst Nicholas Merten is considering creating larger positions in three altcoins in October. Nicholas Merten believes these altcoins will rise strongly in October.


Nicholas Merten: I want to buy more of the UNI altcoin!

According to CoinGecko, top on the list of successful crypto analyst Nicholas Merten is UNI, the new Uniswap protocol management token, which rose to about $ 8.40 in the days following its launch on September 16.

Nicholas Merten states that he already has a UNI, but is willing to buy more as the token has been withdrawn significantly. Also, the analyst says he believes in the benefits of the decentralized trading platform and is confident in the project. Nicholas Merten adds the following to his comments on the subject:


THE KEY POINT HERE IS THAT UNISWAP IS POSSIBLY BASICALLY THE MOST USEFUL, USED AND VALUABLE DEFI PROTOCOL. OVERVIEW OF THE TOTAL LOCKED VALUE… THE BIGGEST DEFI IS THE PROTOCOL.


Another altcoin that the analyst believes will explode in October is OmiseGO (OMG)!

Second on the analyst's list is OmiseGO (OMG), an unsupervised, second-tier scaling solution for Ethereum (ETH). The crypto influencer states OMG is ready to address the rapidly rising transaction costs problem on the Ethereum Blockchain. Nicholas Merten also explains why he created a position at OMG. Nicholas Merten adds the following to his comments on the subject:

"AS ALL OF YOU POSSIBLY KNOW, TETHER ANNOUNCED THEIR PARTNERSHIP WITH OMISEGO IN THIS CASE. TO MOVE TETHER TO OMISEGO AND TO MAKE AN OPPORTUNITY TO STAY INTO THIS CHAIN, NOT ONLY TO REDUCE THE FEES IN THE ETHEREUM MAIN NETWORK, BUT ALSO USING THE SECOND LAYER TO HAVE LOWER PRICES."

Nicholas Merten: Ampleforth (AMPL) is one of the strongest altcoins to rise!

Technically, Nicholas Merten says the OMG / BTC pair is in a position to deliver a massive 10x return. The analyst's final choice is Ampleforth (AMPL), a new type of cryptocurrency that aims to balance the price and supply. According to its whitepaper, the supply of AMPL goes on resale every 24 hours according to the token price.



If AMPL trades above $ 1, supply contracts and users lose tokens if the supply expands and users buy more tokens and AMPL trades below $ 1. Nicholas Merten says he has a "reasonably sized position" on the AMPL and sees it as a bullish game in the next few months. Nicholas Merten adds the following to his comments on the subject:

WE HAVE BEEN VERY CLOSE TO TESTING HERE FOR THE THIRD TIME, WHEN ANALYZING THE PRICE HERE, THIS SUPPORT LINE ...

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