Popular crypto analyst and investor Michaël van de Poppe stated that while the price of Ethereum (ETH) could go up to $20,000, a rally for Chainlink (LINK) and four other altcoins is highly likely.
According to the analyst, the bull market trajectory that took place in Ethereum in 2017 is starting to appear again and this is a positive thing.
“If we were to make a nice comparison between ETH 2017 and ETH 2021. ETH had a similar structure in 2017, breaking “south” with a 50% correction. Now the same price action occurs with a 35% correction. The path to $15,000-20,000 per ETH is still open.”
Van de Poppe is also positive towards Bitcoin (LINK/BTC) on the decentralized oracle network Chainlink. Van de Poppe sees LINK rising towards resistance at 0.0007 BTC worth $29.42, representing a 27% move from the current 0.00055 BTC ($23.11).
“Chainlink: Least valued coin in the top 20. I’m still optimistic about that and about oracles.”
Another altcoin on the analyst’s radar is Elrond (EGLD), a blockchain platform designed to power networked applications, enterprise use cases, and crypto transactions. According to Van de Poppe, Elrond is poised for a strong rally to its target of 0.008 BTC at $336.25 against Bitcoin (EGLD/BTC).
Van de Poppe, who also expressed his views on COTI (COTI), said a close above the $0.48 or $0.41 support is required for a surge above 100% to come.
“One of these two levels is likely to change and continue to $1.”
Another of the coins on the analyst’s radar is Harmony (ONE), whose goal is to power a decentralized economy. According to Van de Poppe, Harmony is preparing for a 90% rally in Bitcoin pair (ONE/BTC) from the current value of 0.00000368 BTC ($0.15).
The last coin on Van de Poppe’s list is the decentralized machine learning network Fetch.ai (FET). According to the crypto strategist, Fetch.ai looks bullish against Bitcoin (FET/BTC) after converting the previous 0.000014 BTC ($0.59) resistance to support.
“Probably ready for 0.00005 BTC ($2.10).”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.