Popular pseudonymous crypto strategist Smart Contracter is analyzing the altcoin market after Ethereum rose to a new all-time high.

The trader, who built his following after accurately predicting Bitcoin’s bear market bottom in 2018, believes Aave, a decentralized lending platform, is one of the most promising coins out there.

“Aave is my bag for financial freedom, optimistic about all three USD, ETH and BTC pairs.”

Source: SmartContracter

Aave hit its all-time high of $ 433.14 on Wednesday. According to CoinGecko, the governance token is trading at $ 410.19 at the time of writing.

The analyst also says Chainlink, a decentralized oracle network, is likely to follow the Ethereum outbreak soon. In eighth place by market cap, the crypto asset is up 20% over the past week, trading at $ 25.25 at the time of writing, according to CoinGecko.

In addition, Smart Contracter is “gigantic bullish” with Ren, a protocol that enables the transfer of crypto assets between blockchains.

He argues that the decentralized finance (DeFi) asset is expected to make significant gains over Ethereum, which just hit its all-time high on Wednesday.

$ REN looks gigantic bullish.

I just pitch everything against eth atm because that’s what I find most optimistic about when it comes to majors and ren looks to me like it’s going to be a big low against eth pic.twitter.com/of3clQAaJS to reach

– “Bluntz” (@SmartContracter) February 2, 2021

Ranked # 67 by market capitalization, the crypto asset is up more than 36% over the past week and is trading around $ 0.71 at the time of writing, according to CoinGecko.

Don’t Miss A Beat – Subscribe to send crypto email notifications straight to your inbox

Follow us on Twitter, Facebook and Telegram

Check out the latest headlines

Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trades are at your own risk and that any losses incurred are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock / Elena11