Nick is discussing the altcoin market and starts off with Ethereum which is printing higher highs and higher lows against Bitcoin since April 2020. Furthermore Nick sees the altcoin dominance growing.
Decentralised exchanges and especially Uniswap (5:20). Growing optimism in the market helps printing higher prices. Uniswap V3, the new version coming later this month, provides staking which is very interesting. Uniswap seems like the single bet you’re looking for in the DEX and DeFi market.
UNI could easily reach $100 by the end of May, according to Nicholas.
Next up, NFTs (10:15) which Nick thinks it’s not ready for primetime. That said, the market is here. We’re still early to the trend and still in the 2nd part of the DeFi bull run.
Furthermore a deep dive into rebase protocols like Benchmark Protocol (12:30). They announced a lot of new partnerships and new investors are flocking in. There is a lot of room to grow since the market cap is still relative small ($23m).
This episode premiered March 8, 2021.