Michaël van de Poppe, a popular crypto analyst and trader, approaches the launch of interoperability blockchain parachain auctions. Polkadot (DOT) He says there’s a lot of hype and momentum surrounding it. The analyst says that this hype and strong momentum is DOT, while its similarity to its past trend will push ATOM to triple-digit prices.
In a recent strategy session, Van de Poppe told 140,000 YouTube subscribers that the seventh-largest crypto-asset by market capitalization is “accelerating pretty solidly.”
“Parachains are coming. There’s a lot of hype around Polkadot. There’s a lot of momentum here. So where should you buy Polkadot from? We’ve talked about this in previous strategy sessions. The entire green zone [35$ – 37$]was the critical level you chose for Polkadot to survive.”
Van de Poppe is referring to the parachain auction, which will begin on November 11. During a parachain auction, DOT or KSM holders can link their coins to support the project they believe should get a parachain slot. In return, the project can commit to providing a token airdrop (or other rewards) to its supporters.
Van de Poppe uses the Fibonacci extension tool to reveal potential target areas for Polkadot, which is trading at $52.84 at the time of writing.
“We were also discussing potential destinations for Polkadot earlier, [burada] Based on previous highs and lows, $75 and $115 are the next target zones.”
Crypto strategist, a project that aims to become the “internet of blockchains” Cosmos (ATOM) It also examines target points for
Van de Poppe said ATOM mirrored the price action from January when it consolidated at $7 before rising 242 percent to $24 in less than a month. According to the analyst, if Cosmos, which was trading at $ 37.12 at the time of writing, breaks its previous ATH of 44.42, its price will skyrocket.
“If we break the previous all-time high for Cosmos, I think we’re going to accelerate pretty nicely, and then we have a target point of $75… and our second target point is $100.”
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