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Crypto analyst Nicholas Merten believes that the altcoin sector is likely to become the leader in digital asset markets next year.
In a new video, Merten revealed to his 487,000 YouTube subscribers that he regards the Metaverse Index and Wrapped Ether (MVI / WETH) pair as a measure of the crypto sector’s performance relative to the second largest cryptocurrency.
We have seen that the metaverse is one of the few key sectors to outperform Ethereum over the past couple of months and even the last second half of the year.
This is what I am looking for as an investor. I want to buy this at a discount … every time we get good kickbacks, we build a base and start moving up.
The Metaverse Index or The Metaverse Index places a basket of leading tokens in the metaverse sector within a single trading instrument. Buying MVI is a great way to gain access to the assets of the metaverse, according to Merten.
MVI is currently trading above $ 240.
In addition to the metaverse, Merten is betting on decentralized finance (DeFi) and non-fungible tokens (NFT).
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