Popular crypto analyst Josh Rager is naming two coins he believes are set to explode as enthusiasm for non-fungible tokens (NFTs) grows.
Rager says that two small cap crypto gems are set to receive a lot of attention, comparing their small market caps to the likes of the billion-dollar gaming platform Enjin (ENJ).
- “Sure, Enjin is good but people are getting in Enjin at a $1.5 Billion market cap, while Gameswap (GSWAP) and Shroom.Finance (SHROOM) are sitting at only $17 million and $34 million market caps, with decentralized exchange (DEX) releases coming soon along with alpha being dropped in the next few weeks. Even at half Enjin’s market cap that’s a 30x & 15x for GSWAP and SHROOM.”
Shroom.Finance is building an NFT protocol for minting and swapping non-fungible tokens (NFTs), and its companion platform Gameswap specializes in allowing gamers to trade in-game assets. Rager is joining fellow trader Cantering Clark with significant public positions in SHROOM.
He has also been tracking Bitcoin closely this week as it retests the $57,500 zone.
- “Here we are, retest the previous high on the daily close. Looking for price to close above $57,500 then make a move to new highs from there. We can certainly see some sellers step in here but with multiple retests sellers can certainly run out and bulls will continue up.”
As Bitcoin retests the level for the second time this week, Ragers says he is optimistic that the king coin will be able to continue its ascent to higher highs.
- “Love to see Bitcoin retest daily resistance for the 2nd time in two days. Makes me bullish – sellers are about to run out at this pace.”