Legendary crypto trader Michaël van de Poppe announced his altcoin projects that he expects to move towards the new year. Bitcoin closed November with 16% loss, while DEX and DeFi tokens are finding more room to rally.
Michaël van de Poppe expects 2x earnings for an Ethereum-based altcoin
The widely-followed analyst shared his three picks to save in December, in his most recent YouTube post. Van de Poppe says BNB Coin is ready to rally 50% after breaking the 325 resistance:
I think once Binance Coin breaks the $325 level, it will move higher once again. Then we’ll have a runner to watch. It could reach highs near $380 and potentially around $450.
Van de Poppe then took a look at Polygon’s (MATIC) chart. The analyst says that MATIC price will potentially rise above 35% after hitting $0.95:
Once we break around $0.93 it will accelerate towards $0.95 and then we can see MATIC rally about 35%.
Lastly, taking a look at Chainlink, Poppe says that the Ethereum-based oracle token has found strong support around $7.50. According to the analyst, the price is in a good position to rise above 2x from this zone. In part of the broadcast, Poppe noted about LINK:
As LINK starts to hold here ($7.50), it is reasonable to think that we will see $8.50 to $9.50 as the next resistance zones. We could start to continue towards the break above this higher range (around $9.30) and then potentially look at $15.
Here are the developments to watch out for in December
The events surrounding the bankruptcy of Digital Currency Group and GBTC’s problems, which fell into a difficult situation after the FTX bankruptcy in November, remain important in the new month as well. However, there are upcoming news of two high-profile projects from the altcoin market. First, Apecoin announced that it will launch staking pools on the APE token on December 5. Next, Chainlink launches staking pools on December 6. With this announcement published in November, the LINK price has gained 30% for the last two weeks. By the way, December 6 is also Dogecoin’s birthday. By the end of the year, these news will act as some catalyst in the altcoin market.
Finally, cryptocoin.com As Andre Cronje, one of the industry-renowned DeFi developers, returns, the decentralized finance market is booming. The DeFi market is starting to see more demand after FTX’s bankruptcy. For example, Trust Wallet Token (TWT) and GMX were the top-paying cryptocurrencies of November. These two cryptocurrencies are also preparing to expand into the Polygon (MATIC) network. Also, DEX tokens dYdX and GNS will be worth watching in November. In particular, dYdX announced that it will start its own network and will soon leave Ethereum.
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