Famous crypto market analyst and trader, Cantering Clark on his Youtube Channel BlockRoots, made a Livestream to inform his viewers of the tokens he thinks will outperform Bitcoin.
Clark says to his 13.4K subscribers, that he is bullish on seven altcoins to take over Bitcoin this altcoin season.
The analyst came up with a relatively unpopular token Shroom Finance( SHROOM), which is a DeFi ecosystem for NFT mining and trading.
According to CoinGecko, SHROOM is ranked at #498 and is trading at $0.70 at the time of writing, and has a market cap of $35,662,266.
The stats say it has risen 480% in the past 30 days and 20.8% in the past 24 hours.
Clark is bullish on it as he thinks it has a huge potential to grow.
“This is a completely different approach to how I normally have traded my entire trading career. I consider this a punt. I have a substantial amount of money in it. But I’m taking an outsized bet. I’m not going to monitor it on low time frames- doesn’t make sense. I am really betting heavy on it being over a dollar. At least”. He says.
He analyzes the growth chart and notices that In the last 90 days, Bitcoin has been up 200%, and on the other hand, Uniswap and Aave have been up 900% and 500% respectively, hence if we consider Aave and Bitcoin, Aave has the beta of 2 to Bitcoin.
Hence, he predicts for all these altcoins to outperform Bitcoin in terms of percentage. However, he also mentions it is riskier to invest in these currencies than to invest in BTC as it is already quite established.