- A widely followed crypto strategist explains his top altcoin picks amid the crypto pullback. Analyst’s list Ethereum (ETH) and includes three ETH competitors.
Michaël van de Poppe has 611,800 Twitter followers on smart contract platforms Ethereum, Cardano (ADA), Avalanche (AVAX), Phantom (FTM) and also blockchain scaling solution in Polygon (MATIC) He said he was ready for huge rallies.
“I purchased about 1.1 million FTM tokens for about $245,000, about $0.21-0.22. I added some more long positions in ETH, ADA, MATIC, AVAX, totaling up to $650,000.
Ready to sell for 30-150 percent profit. In fact, all of them have already taken positions and the quotas are full.”
Van de Poppe also stated that despite these positions, if Phantom falls below $0.175, he will sell his FTM holding.
At the time of writing, FTM is trading at $0.25, up over 6 percent in the last 24 hours, still holding about 40 percent above Van de Poppe’s invalidation point.
The crypto strategist also shares the chart of Fetch.ai (FET), a platform that aims to combine technologies like machine learning, artificial intelligence and blockchain to show why altcoins are soaring.
“I did this a while ago FET [Fetch.ai]but pretty much sums up my overall view of altcoins.”
Koinfinans.com As we mentioned, Van de Poppe, who also examines Ethereum, says that the ETH trade under $ 1,000 is a great opportunity for the bulls.
“The triple-digit ETH is always a once-in-a-lifetime chance.”
At the time of writing, ETH has rebounded from triple-digit levels and is at $1099, up 0.51 percent from the last 24 hours.
He also says that the crypto remains bullish despite another round of pullbacks over the weekend.
“His weekend moves are often fake. I still prefer long positions over shorts. Get ready to make a profit!”
You can check the price movements here.
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.