Nicholas Merten sees Ripple (XRP), Binance Coin (BNB), Solana (SOL), Avalanche (AVAX), and Uniswap (UNI) as promising coins

Which altcoins to buy right now. Five tokens from the analyst

27.06.2022 - 11:05

201

2 min

What’s new? Cryptocurrency analyst Nicholas Merten has discovered five large-cap tokens, the rates of which are starting to show signs of growth when paired with bitcoin. The expert sees Ripple (XRP), Binance Coin (BNB), Solana (SOL), Avalanche (AVAX), and Uniswap (UNI) as promising coins. The analyst said that the altcoin markets are starting to see positive changes, while BTC is in the process of reaching a bottom. According to Merten, the first cryptocurrency is entering a capitulation phase. As of June 27, 11:00 UCT, BTC is trading at $21 422, according to Binance.

Video on Merten’s YouTube channel

Capitulation is a process in which investors leave the market and sell off an asset at a loss because of a major collapse.

Analyst about XRP. The token of the Ripple payment system is starting to gain bullish momentum in a trading pair with bitcoin, Merten noted. According to the analyst, XRP has returned to a level that it has been fluctuating around since June 2020, and the token’s dynamics have equaled the indicators of bitcoin over the same period.

XRP is trading at 0,00001700 BTC ($0,364), down in price by 0,41% in 24 hours.

Analyst about BNB. The expert noted that the token of cryptocurrency exchange Binance continues to hold on to an ascending support line against BTC. Merten stressed that the token is only a few percentage points away from the highs of May or December 2021.

BNB is trading at 0,011187 BTC ($239,33), having gained 0,02% per day.

Analyst about SOL. The price of the native token of the Solana blockchain has also risen over the past few weeks. The SOL rate in a trading pair with BTC is up by 76% from its low.

SOL is trading at 0,0019079 BTC ($40,92), having lost 0,36% per day.

Analyst about AVAX. Merten noted a rise in the price of the token of Avalanche, a decentralized platform, against bitcoin after an active sale at a price 80% below the highs recorded in 2022. AVAX later posted a 50% rebound from the lows.

AVAX is trading at 0,0008376 BTC ($17,95), having added 0,91% in price per day.

Analyst about UNI. Merten highlighted the token of Uniswap, a decentralized crypto exchange (DEX), noting UNI’s huge growth in pairing with BTC over the past few weeks.

UNI is trading at 0,0002726 BTC ($5,84), the token rate has increased by 4,84% in the past 24 hours.

Earlier, Nicholas Merten allowed the possibility of the bitcoin rate to fall to $13 700. The expert said that the BTC price has not yet hit the bottom, despite reaching a local low of $17 600, recorded on June 18.

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