By Shelly Melancon (Switzerland)
Since NFTs start making major strides, a well-known crypto analyst, who goes by the name, Joash Rager has disclosed that small tokens will likely be a big deal this year.
Josh Rager tweet. Source: Twitter
SHROOM and GSWAP
SHROOM finance continues to be on the ascendency, leading to a strong bullish trend for this token. Another platform with its native SHROOM token is GameSwap. GameDwap is a Defi app whose main objective is to close the gap between the crypto and gaming industries. It is important to note that SHROOM has risen by almost 500% over the last month. SHROOM finance is gradually becoming the standard for a genuinely decentralized environment which makes cross-platform trading of virtual items, final ownership, and minting possible. Josh Rager remarked, “while Enjin is excellent, its almost $1.6 billion market cap isn’t attractive for people to get into it. Conversely, the combined market for both GSWAP and SHROOM is not up to $52 million – they are currently at $17 million and $34 million respectively. Even though decentralized exchanges (dex) and alpha will soon be released, there is still at least 15X for GSWAP and SHROOM even because all of them can’t reach half of Enjin’s market cap.” Expert in the gaming industry predicts it will be a $250 billion industry in the next two years.
Hence, Josh Rager and other popular crypto analysts and traders are predicting that these two small-cap crypto assets will become the focus of attraction. As of this moment, Coingecko reports that SHROOM price has risen by almost 29% to reach almost $1 in price. Within the same period, GSWAP has risen by almost 5% to reach about $2 in price. Josh remains bullish about BTC. He might have the justification to do so.
Also read:While some of the top cryptocurrencies are trending narrowly, most of them have been dipping since the start of this weekend. However, most crypto assets with a low market cap are rising in prices within the same period with Chiliz’s price rising the highest by over 600%. Ankr (ANKR), harmony (ONE), Chromia (CHR), and Akropolis (AKRO) are low cap assets with monster surges in the past week. But none of these aforementioned rose higher than Chiliz; ANKR was the one that rose highest among them at a 132% increase.
Josh’s Latest Forecast About BTC Price
The price of the leading cryptocurrency has risen by about 16% over the last week. Its new ascent over $56k is an indication that it would likely reach $60k soon. “As of this moment, BTC is testing its former high at the daily close. Once it can close at over $57.5k, it will be on a rise to a new high. At such a new ATH, some sellers are bound to cash out which will lead to multiple retests. But the bullish won’t stop because the sellers will eventually run out.”
Josh Rager Tweet. Source: Twitter
Chiliz and other low-cap assets continue to show a strong bullish run as major tokens are slack a little in their bull run. Hence, it would be interesting how these two main categories of crypto-assets compare when these major tokens resume their bull run. Will it be a low cap season? Time will tell.
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