After Bitcoin's rise: Experts say altcoins with 'strong fundamentals' will lead the charge
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One of Martinez's top recommended projects is Worldcoin (WLD), led by OpenAI CEO Sam Altman. The project was rebranded to World Network in October, primarily utilizing eye-scanning technology for identity verification and global financial integration. As of the time of writing, the trading price of the WLD token is $2.70.
Another decentralized exchange, Uniswap (UNI), also received mention, being one of the pioneers of DEX. The value of the UNI governance token today is $16.43. He then mentioned that AAVE has taken a dominant position, as AAVE is one of the pioneering decentralized lending protocols operating on the Ethereum blockchain. AAVE has risen about 2% in the past 24 hours to $378.59.
He also recommended Chainlink (LINK), known for its decentralized oracle network, which provides a decentralized and reliable means of communication for smart contracts that can be utilized when exchanging data. According to CNF reports, the value of LINK tokens hovers around $27.84, with analysts expecting bullish momentum to continue. Maker (MKR) is another of his favored altcoins due to its significant contribution to the DeFi space. The current trading price of MKR tokens is $1,750.75.
Martinez is also optimistic about Solana (SOL), often referred to as an Ethereum challenger due to its scalability and ecosystem growth, currently trading at $218.01. Last but not least, he mentioned the native token BNB of the BNB Chain ecosystem, which is trading today at $719.18.
Although BTC prices recently broke through $108,000, BitMEX founder Arthur Hayes predicts a significant crash for Bitcoin. He forecasts that the cryptocurrency market will crash on January 20, 2025, as Donald Trump starts his presidency. In a recent blog post titled 'The Truth About Trump,' Hayes predicts a 'painful crash' for Bitcoin and altcoins. Therefore, he advises buying more Bitcoin during the downturn and urges investors to 'lick their wounds and bounce back.'
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