A renowned cryptocurrency expert who garnered a big social media following after correctly forecasting bitcoin’s 2018 bear market bottom over $3,000 has disclosed that he expects decentralized finance system Aave ($AVAX) to pump in the near future, while also being optimistic on Avalanche ($AVAX).
Predictions about $AAVE, $ALGO, and $AVAX Rallies
Smart Contractor, a pseudonymous analyst on the microblogging site Twitter, disclosed in a series of tweets to his over 200,000 followers that he believes Defi protocol $AAVE has a possibility to set a new all-time high in the next 12 months.
While the broker saw that Defi conventions were the most hit by the digital currency space’s new auction, he likewise trusts that “most won’t remain as such” and likes how some Defi convention outlines show positive specialized designs.
In a connected tweet, Smart Contractor referred to another client, the ghost, who anticipated that the cost of Ethereum’s rival Avalanche ($AVAX) will ascend soon following a period of gathering. Brilliant Contractor agreed with the investigator and expressed that he is presently lengthy AVAX.
According to Daily Hodl, he also projected that another Ethereum competitor, Algorand ($ALGO), might climb up to the $1.5 to $1.6 range, however, he is hesitant to anticipate a move over those levels.
ALGO is presently trading at $0.94, down from an all-time high far above the $2 mark observed last year. AVAX and AAVE are also recouping from huge sell-offs that occurred after they reached new highs.
It’s worth recalling that Smart Contractor made headlines in June 2018 when it predicted that the bear market that saw the price of bitcoin plummeting from an all-time high of around $20,000 would conclude with the currency selling at $3,200. The forecast was essentially correct, as BTC reached the objective in December of that year.