A popular crypto analyst has stated that he expects a relief rally to occur in the market and that he is preparing for it. Polygon (MATIC), Cosmos (ATOM), Avalanche (AVAX), Concordium (CCD) and SCALE (SKL) He said he would buy his altcoins.
Michaël van de Poppe tells his 619,400 Twitter followers that he is stocking up on altcoins that can give him a 20 to 60x return on investment. told.
“Some projects that I will be slowly accumulating as we enter the next bull cycle:
– ATOM
– MATIC
– AVAX
– CCD
– SKL
I believe these are the packages that will generate 20-60x returns in the next bull cycle.”
Fed Chairman Jerome Powell said at a news conference on Wednesday that the pace of rate hikes would likely slow in the coming months. Van de Poppe that cryptocurrency sees the unit as a good sign for the market.
“Jerome Powell as a result of this dovish (the atmosphere after the Fed’s statement that interest rates will fall). This bodes well for the markets.”
Koinfinans.com As we reported, Van de Poppe says the merger of Ethereum’s mainnet and Beacon Chain’s proof-of-stake system this September is also a bullish sign for the crypto market.
The event will launch Ethereum 2.0, which will transform the crypto space’s largest smart contract platform into a proof-of-stake system. The upgrade is expected to resolve network scalability issues.
“There are ideal materials for the Summer Relaxation Rally:
Powell is getting dovish about politics and becoming more and more data-dependent.
ETH Merge is coming in September.
The significant impact on 3AC, Celsius and others is already priced in.
I expect ETH to reach $2,400 and BTC to reach $28,000-30,000.”
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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.