A high-profile crypto trader and analyst is optimistic about the futures of two altcoins as Bitcoin (BTC) and the crypto market gain momentum.

In a series of tweets, the pseudonymous trader, known in the industry as Kaleo, says that he is building positions in Dapper Labs’ non-fungible token (NFT) project, Flow.

Kaleo says Flow is on the edge of sharply outperforming Bitcoin, as NFT and gaming tokens such as Axie Infinity (AXS) are gaining major attention in the market.

“I punted a long on FLOW. I’ve missed out on the majority of the NFT pumps led by AXS and decided I finally needed some exposure.

The BTC chart is breaking out above higher time frame resistance dating back to the spring rally, where it was one of the leaders in the NFT race.”

On the USD base pair, Kaleo was initially hesitant to add to his position as FLOW battled with resistance on the lower timeframe at $20.96. Now Kaleo says that he’s adding to his FLOW position, as the asset dipped slightly toward $19.95, allowing for a better entry.

“Added more FLOW on the dip.”

The other asset Kaleo is trading as the market recovers is blockchain network Terra Luna (LUNA).

Against USD, Kaleo charts out LUNA forming an ascending wedge, preparing to breakout above $8.

Luna is currently trading at $9.42, up nearly two dollars since Kaleo started tweeting about the asset.

As Bitcoin trades at around $38,000, Kaleo reminds his 338,000 followers that in February, when Bitcoin traded at around $30,000, the top cryptocurrency took just one week to sail above $47,000.

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Spartan Black, a partner at the Singapore-based Spartan Group, a blockchain investment and advisory firm, believes an emerging crypto sector could ignite a broad market rally – provided Bitcoin can trade above $40,000 again.

Spartan Black tells his nearly 30,000 Twitter followers that decentralized gaming tokens are on the verge of a send-off after having exhibited impressive growth over the past year.

The investor highlights the popularity of decentralized gaming projects such as Axie Infinity (AXS) and Sandbox (SAND), which he says are growing at an impressive rate, much like decentralized finance (DeFi) assets did last summer when the whole sector exploded as people sought out decentralized lending, borrowing and staking options.

“DeFi summer 2.0 is quickly evolving into Gaming summer. Crypto games like Axie infinity and Sandbox are seeing adoption metrics that are reminiscent of DeFi TVL growth a year ago.”

AXS is the governance token of Axie Infinity, a virtual trading and battling game where gamers breed token-based creatures known as “Axies” that can be collected and traded as non-fungible tokens (NFTs).

The Sandbox is a virtual world where gamers build, own and interact, monetizing their in-game items and experiences on the Ethereum blockchain using NFTs and the main utility token SAND.

This month, Axie Infinity announced that it is seeing 350,000 users per day, and The Sandbox claims it now has reached one million monthly active users.

Spartan Black argues that if Bitcoin can conquer $40,000, then AXS and SAND, along with gaming and social network-oriented Flow (FLOW), will witness strong rallies.

“BTC $40,000 is the key level most traders are watching. If we break this level, the bull market is back and a ton of capital will pile in. In the meantime all the attention is on AXS, SAND and to a lesser extent FLOW.”

Spartan Black notes that many large crypto funds are underexposed to gaming tokens and decentralized social networks.

“In addition, most crypto funds have little to no exposure to this category and they will have to add on the exposure, again among a relatively small group of assets. This will inflate the valuation of these assets beyond what we witnessed during DeFi summer.”

Spartan Black predicts that as these funds begin investing in gaming assets, and as larger crypto exchanges such as Coinbase list them on their platforms, this class of tokens could soar even further.

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Top crypto analyst Nicholas Merten is mapping out bullish scenarios for UNI, the native cryptocurrency of the decentralized exchange Uniswap.

In a new video, Merten tells his 463,000 YouTube subscribers that UNI/Bitcoin is currently bouncing from a key support level.

“Uniswap has been generally holding, albeit for a few exceptions where the wicks break a bit lower. Every time we get towards this range [0.0005 Bitcoin (BTC) or $16], buyers come in. Price doesn’t live below this line very long, and in fact, buyers come in and drive the price higher.”

Merten highlights that he believes UNI/BTC is in a mid-cycle correction as the pair has yet to print a bearish lower low setup, signaling a potential trend reversal.

The prominent crypto strategist is also plotting two bullish scripts for UNI/BTC. Merten sees the pair printing a new all-time high above 0.0009 BTC, worth about $30 at time of writing, by the fourth quarter of 2021.

“We’d want to see [UNI/BTC] set in a higher low… So you might get it where we break higher than this range [0.0007 or $23.74] over the course of July. We come back down. We maybe set a higher support range… And then, we start moving higher, revisiting those previous highs against Bitcoin, and start popping up higher…

It could be we set in a lower high, setting a higher low, and then eventually claim higher price territory.”

Another coin pair on Merten’s radar is Litecoin (LTC) against Bitcoin. According to the analyst, LTC/ BTC is forming a bullish pattern that could potentially end its downtrend.

“What we’ve got here with LTC/BTC is that you’ve got a descending wedge. It sounds bearish, but actually a descending wedge tends to be very bullish because the highs are falling at a faster rate than lows or the support range. So buyers are coming in, albeit lower levels, but they’re coming in at shorter and shorter intervals.”

Merten says there’s a good chance that LTC/BTC will break its diagonal resistance around 0.0038, worth about $130, before exploding.

As for Chainlink, Merten says the decentralized oracle network is currently hovering above its long-trend support against Bitcoin (LINK/BTC).

“You can see here that Chainlink has just come back down, yet again, on a line of significant support. It’s pulling back. It’s cooling down. It’s getting into what’s generally a discount range… At this range [it] tends to be that people come in and drag the price higher.”

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