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Crypto Analyst Reveals Best Altcoins To Buy After This Crash

NewsBTC LogoNewsBTC14h ago

Crypto Analyst Reveals Best Altcoins To Buy After This Crash - NewsBTC

Quick Summary:

Van der Poppe projected an optimistic future for TAO, suggesting, “This is one that could be doing another 5x to 10x from here,” based on its current trajectory and market interest.#2 AAVE Shifting his focus to the DeFi sector, Van der Poppe recommended AAVE, a token that has shown significant strength against Bitcoin and USDT.“AAVE is having a pretty standard or beautiful accumulation against Bitcoin; it’s making new highs against USDT and just consolidating before a big breakout.” He emphasized the relative undervaluation of AAVE by comparing its total value locked (TVL) to its market cap.“If we look at TVL versus the market cap, then the market cap of a is $1.5 billion and the TVL is around $10.3 billion which means that that valuation is 0.5.For ONDO it’s 15.

Within these sectors, he identified specific tokens that exhibit characteristics of resilience and high growth potential.#1 TAO TAO, a token within the AI sector, is highlighted by van der Poppe for its robust performance in recent weeks, showing a remarkable 70% rebound from its lows.“TAO is a super strong asset within the AI sector and has shown a 70% bounce from its lows,” he noted.

He described AEVO’s unique position in the market, offering sophisticated trading options such as prediction markets, options, and hedging.“AEVO is very likely making a bullish divergence and a falling wedge, and is likely going to reverse from here,” he assessed, indicating potential upcoming growth potential.


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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 17:00:36 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 695 words

Reading Time: 4 minutes read

Sentences: 62 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22040225

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 8 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

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Publication Timezone: GMT +8:00

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Website Security: Secure (HTTPS)

Publisher ID: #102

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