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Analyst indicates four cryptocurrencies that can value up to 1,000%

Analyst indicates four cryptocurrencies that can value up to 1,000%

Analyst Jason Pizzino has released four cryptocurrencies that can be valued up to 1,000%. According to his latest video, Polygon (MATIC), Curve (CRV), SUSHI and Yearn Finance (YFI) are the main bets for 2022.

The analyst's estimate takes into account the evolution of the market value, but also the price per unit. With the exception of YFI, all of them have a low unit value. This, together with the fundamentals of the projects, make Pizzino optimistic about new valuations.

MATIC: resumption of highs

First, Pizzino presents his views on MATIC. The cryptocurrency reached its all-time high on Dec. 25, when it hit $2.92, but has been corrected by 18% since then.

Today, the cryptocurrency is quoted at $2.39, but the trader warns that the uptrend is not over. In fact, Pizzino claims that the correction opened up buying opportunities for the long term.

“If no one is talking about something because the price is falling, it's usually time to look into an entry position. I still see MATIC in an uptrend: with higher tops than the previous ones”, he said.

In this sense, the end of the bullish cycle could lead the MATIC to reach US$22.

curve

Another currency on the trader's list is CRV, a decentralized finance token (DeFi) focused on stablecoins. According to CoinMarketCap data, Curve's network has about $2.4 billion in market value.

However, the amount allocated to projects at CRV is ten times greater than that. This figure is precisely the ceiling price estimated by Pizzino as a space for valuing CRV.

“CRV is at a total blocked amount (TVL) of US$24 billion. Therefore, the relationship between market value and TVL is 0.1. I think it's going to be a great capture game that can bring the CRV value closer to the current blocked value.”

As for the price of the token, the CRV is quoted at US$ 6.06 at the time of writing this text. If Pizzino's prediction comes true, the token could reach up to $60.

SUSHI

Then, part of the trader to market decentralized exchanges (DEX). Pizzino's choice in this market is SushiSwap, especially the SUSHI governance token.

According to Pizzino, both the token and SushiSwap have a very modest market value compared to their peers. Both are worth just $8.50 and $1 billion, respectively. In this way, the network has the potential to generate exponential gains for investors.

“Sushi has a market cap of $1 billion, fully diluted by $2 billion. So a tenfold appreciation – $10 billion – seems reasonable.”

Pizzino adds that SUSHI is currently in a downtrend. Therefore, the investor should be aware of entry points between $6 and $7.50.

YFI

Finally, YFI closes the Pizzino list. For the trader, YFI fundamentals look solid, while technical analysis indicators show signs of buying strength.

Furthermore, the fundamentals of the network, with a focus on token buybacks, remain solid. Due to its higher market value, the YFI's upside potential is lower than the previous ones. However, the trader warns that the token could reach $100k before Bitcoin (BTC).

Based on the current price ($35,873), YFI has a potential return of up to 278% for 2022.

Read also: Analyst predicts big rise for Fanton and Terra in January

Also read: Goldman Sachs: Bitcoin could hit $100K if it takes 50% of the gold market

Read also: Despite bearish, Bitcoin surpassed gold and all other commodities in 2021

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