Analysts continue to convey their expectations for the market, while Bitcoin and the general cryptocurrency market are slightly sideways. Recently, renowned analysts Michael van de Poppe and Credible Crypto; They mentioned cryptocurrencies like Chainlink, Avalanche, Cosmos. Here are the details…
Michael van de Poppe on the rise: Chainlink, AVAX, ATOM at these levels!
Crypto analyst Michaël van de Poppe is bullish on the crypto market and believes there is still room for growth in many crypto assets, including Bitcoin, Ethereum, Litecoin, Avalanche, Cosmos and Chainlink. He believes that Bitcoin could reach the $38,000 to $42,000 price range before correcting, and Ethereum could reach $2,700 to $3,000. Meanwhile, Litecoin could rise as high as $260, according to Van de Poppe. He also predicts Avalanche could rise between $55 and $65, Cosmos could rise as high as $35 and Chainlink could rise between $18 and $22.
Van de Poppe watches the market closely and believes altcoins could outperform Bitcoin significantly in the coming months. He pointed to Ethereum’s recent Shanghai upgrade as a signal heralding a new “alt season”. He thinks that the BTC dominance chart has peaked and is poised to tip over, suggesting altcoins are gaining at a faster rate than Bitcoin.
Van de Poppe is also hopeful for Bitcoin
Also, Van de Poppe’s short-term outlook for Bitcoin is bullish, as he believes the cryptocurrency can resume its uptrend if the bulls manage to reclaim $29,800. He says that altcoins are not yet feeling the pain as they are consolidating or rising in the BTC pair. Van de Poppe expects the alt season to last several months before Bitcoin takes a breather. At the time of this writing, Bitcoin is trading at $29,441, Ethereum at $2,075 and Litecoin at $99.15. Avalanche is trading at $20.54, Cosmos at $12.32 and Chainlink at $8.14.
Credible Crypto: CVX one of my biggest bets
Another popular analyst, Credible Crypto, has put its radar on, cryptocoin.com As we reported, stablecoin exchange Curve Finance has locked it to Convex Finance (CVX), a DeFi platform that allows its users to increase their rewards. The analyst believes CVX is one of his top bets for the next bull wave and points out that locking CVX provides attractive annual percentage rate (APR) returns. He states that locking CVX can earn users between 20-40 percent APR on bi-monthly payments. Credible used the following statements:
To give an example, I got the CVX for $5 and have been locking it ever since. After a year of lock-in, I earned over $7 per vlCVX (vote-locked CVX), which is over 100 percent APR – allowing me to fully recoup my initial investment within a year. CVX went up 12x my initial investment price before the markets crashed… I plan to push it to all-time highs and eventually sell when CVX trades in triple digits. NOTE. CVX is currently trading at around $6. About 80 percent of all CVX that will exist is in circulation – most of which is locked in the four-month period. That means the current supply is low.”
Meanwhile, CVX is trading at around $6, with around 80 percent of all CVX in circulation. Van de Poppe’s bullish trend and Credible Crypto’s belief in CVX reflect a broader trend in the crypto market as a whole, with many investors poised for an upturn. While the crypto market is volatile, analysts are optimistic about the potential for growth in various cryptocurrencies in the coming months.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.