Renowned cryptocurrency expert and analyst Michaël van de Poppe recently shared his views on three altcoins that he believes will lead the next cycle of the crypto market. He also clarified about several different altcoins. Here are the details…
Van de Poppe pointed to these altcoin projects
In a tweet, he encouraged his followers to closely monitor these projects, dubbed ARB, APT, and SUI. Van de Poppe also shed light on Bitcoin dominance, which measures Bitcoin’s market share compared to other cryptocurrencies. According to him, if historical patterns repeat themselves, Bitcoin dominance may have peaked. This indicates a potential capital shift from Bitcoin to altcoins. On the other hand, referring to the recent rise of Litecoin (LTC), Van de Poppe stated that he is optimistic about its future growth. He predicts Litecoin will continue to rise and has announced his intention to buy more of the crypto asset if it pulls back to the $99-$102 range. He also noted that Bitcoin is currently consolidating well, emphasizing the importance of breaking above $32,500 for an accelerated uptrend.
Van de Poppe’s predictions extend beyond Litecoin. Because he believes that both Litecoin and Chainlink (LINK) have the potential to generate significant gains above 100%. The respected analyst shared his thoughts with his large Twitter followers of more than 659,700 people. He observed that Litecoin has surged past several technical resistances after its rapid rise in the previous week. Van de Poppe predicted that Litecoin could rise as high as $250, with a potential increase of over 135% from its current value of $106. Emphasizing that the 200-week moving average and the $100 resistance level were broken, he also noted that Litecoin has reached new year highs. He outlined his projected targets for Litecoin at $180 and $250, noting that the first of these is the more likely first milestone.
What’s next for LINK and XRP?
Regarding Chainlink, Van de Poppe noted that it has reclaimed a key support level of $6 after falling to around $5, its 2023 low. This positive development shows that LINK is on the verge of triggering an uptrend that could potentially reach $15, marking a notable increase of more than 127 percent from its current value of $6.60. In addition to these altcoins, Van de Poppe is watching XRP closely. He stated that XRP could climb as high as $0.53 as long as it stays above the $0.48 support level. However, he stressed that further confirmation of XRP’s market structure is needed.
What were the analyst’s previous predictions?
Michaël van de Poppe in particular has established himself as a successful analyst with a track record of making accurate predictions. cryptocoin.com As we reported, he accurately predicted the Altcoin season in the first quarter of 2020 and predicted Bitcoin’s declines in 2021 before they even happened. The analyst demonstrated a high success rate in his predictions for cryptocurrency throughout 2021, including correctly predicting the market crash of February 22, 2021 and Bitcoin’s plunge to $50,000 in March 2021. With such a remarkable track record, the analyst’s predictions continue to attract the attention of crypto enthusiasts around the world.
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