Famous Analyst: Bitcoin Isn’t The Only Cryptocurrency That Could Exceed $ 100,000
Alex Saunders, a prominent cryptocurrency analyst, believes Bitcoin is not the only cryptocurrency that can exceed $ 100,000. Saunders recently reviewed his view of BTC and said leading cryptocurrencies could reach six figures in the next five years.
Saunders believes the decentralized finance (DeFi) move, on the other hand, could accelerate the rise of another altcoin that could exceed $ 100,000. The analyst told his 55,000 followers on Twitter that this altcoin was the year.he said it was finance (YFI).
“YFI= $ 100,000. SUSHI will also make a big comeback. Two of the most misunderstood, but still creative, innovative, and directed protocols/teams/communities.”
Saunders cites the leadership of yfi’s creator Andre Cronje as a major reason for his rise in presence. Cronje had announced that he had big plans for the v2 launch, designed to increase the platform’s integration with other leading DeFi protocols.
YFI is rated as one of the highest performing crypto assets of 2020. Yfi, which launched in July, hit an all-time high, rising to $ 43,678 from $ 31.65 on September 12.
Altcoin is trading at $ 26,499, up 3.4% over the past 24 hours, according to CoinGecko.