Scott Melker says he has bought the dips in several growing crypto spaces, including Layer-1s, decentralized finance (DeFi), and more recently the metaverse.

Saying that he definitely does not expect Bitcoin to drop to $ 48,000, Scott Melker made the following assessment;

   “There was quite a bit of bullish sentiment in Q4. We saw a big move in October in anticipation of the launch of the Bitcoin futures ETF, and since then we have seen some uninspired excitement, although the community is expecting higher and higher prices based on many of the patterns we've seen.”

Melker notes that new traders panic emotionally when they see a price below their initial entry, and advises novices to change their perspective and instead view this as an opportunity to buy lower and lower their overall entry average.

Scott Melker

Announces Metaverse Coins He Follows

Interest in metaverse coin projects has skyrocketed since Facebook announced it was rebranding as Meta. In the past week alone, more than $100 million of virtual land has been sold in the metaverse universe. It is estimated that the market for goods and services in the Metaverse universe could reach a value of 1 trillion dollars.

As for the Metaverse coin projects he trades, Scott Melker says he doesn't make much use of some of the larger metaverses like Decentraland (MANA), The Sandbox (SAND) or Axie Infinity (AXS).

Star Atlas

The analyst states that he chose Star Atlas, a gaming metaverse built on Solana Blockchain, and holds both tokens (POLIS and ATLAS). Scott Melker says he knows the team behind the project and is very optimistic about what they can create if they are successful:

   "I think they are incredible. And I think their vision is beyond most of these projects. You're finally looking at something that could potentially put the play-to-earn game on par with other video games."

Referring to the game graphics that seem to be the early adoption of video games, the metaverse platforms surpass most of them, Scott Melker said he invested in the metaverse coin projects Illuvium (ILV) and Alien Worlds (TLM) because they also have a great game concept and high-quality graphics earned by playing. He says he has.