Prominent cryptocurrency analyst Michaël van de Poppe evaluated five altcoins he expects to perform well as the digital asset market prepares for a new phase of its bull cycle.
Stating that he follows Cosmos (ATOM) closely in his advisory assessments to his 144,000 followers on YouTube, the analyst said that he looked at a wide range of bottoming against Bitcoin (ATOM/BTC) for the project called the “Internet of Blockchains”.
“All this territory we have here (0.00045 BTC – $29.19-24 worth 0.00037 BTC) is definitely what I am looking for in the coming period for a potential entry point,” he said.
The second altcoin on Van de Poppe’s radar was Chainlink. Chainlink is still in a downtrend against Bitcoin (LINK/BTC), but the pair could ignite a rally early next year, according to the crypto analyst.
Another altcoin that caught the analyst’s radar was Curve (CRV). He noted that Curve, the governance token of stablecoin-focused decentralized exchange (DEX) Curve Finance, is showing some strength against Bitcoin (BTC/CRV), but the pair must hold resistance at 0.0001 BTC ($6.49) for a bullish continuation.
The fourth name on Van de Poppe’s list is Aave (AAVE). Van de Poppe said that AAVE/BTC is one step away from starting a major rally.
“Breaking this (0.005690 BTC at $367.89) I expect acceleration towards the other side of the range, most likely towards the highs here ($646.56 0.01 BTC). We’ve seen it before.” said.
The last altcoin evaluated by the analyst was the supply chain management blockchain VeChain (VET). Van de Poppe stated that VeChain is still in a downtrend against Bitcoin (VET/BTC), but could find support at 0.00000015 BTC ($0.09) for a possible reversal.
*Not Investment Advice.