The Leader crypto currency exchange Binance Khan's famous traders in Logan, Ethereum's (ETH) is estimated to have reached the highest level of all time in the coming weeks. The analyst also points out the altcoins he believes will explode.
Logan Han: These 2 altcoins will soon rise above 400 percent
Veteran trader Logan Han states that ETH looks ready to turn a historic resistance line of $ 372 into support and set the stage for a long-term uptrend. The analyst believes that the second largest cryptocurrency could jump above $ 2,000 in early 2021. This means an increase of about 420% from ETH 's current price of $ 386.
Logan Han is not the only analyst to rise in ETH. Popular analysts state that the altcoin will see a new all-time high early next year. Logan Han also sets his sights on DFI.money (YFII), a relatively new decentralized finance (DeFi) asset. According to the crypto strategist, YFII / USDT will see $ 9,500 and bring more than 300% returns by the end of October. The analyst adds to his comments on the issue:
I THINK YFII IS ABOUT TO WAKE UP.
Kelvin Koh: Deep retreat is healthy for long-term sustainability of the DeFi market
Logan Han's overbearing forecast on YFII comes in a period of correction that erases 70% of the value of DeFi stars like yearn.finance (YFI). Kelvin Koh, a manager at crypto par investment firm Spartan Group, says the deep retreat is healthy for the long-term sustainability of the DeFi market. Kelvin Koh adds to his comments on the subject:
I'M HAPPY WE GOT THROUGH THIS MAJOR DEFI FIX. ALTHOUGH PAINFUL, HE ACCOMPLISHED SEVERAL THINGS: 1. HE WASHED WEAK HANDS. 2. IT GAVE US THE IDEA THAT THE VALUE OF DEFI ASSETS IS IN SHARP DECLINE. 3. HOPE IT KILLS FRAUDULENT PROJECTS!