Two popular analysts, who are closely followed in the crypto money market, shared their new comments. Analysts talked about Chainlink, Ethereum, Bitcoin Cash, Avalanche and NFTs. Here are the details…
Michael van de Poppe on the rise for Chainlink and AVAX
Michael van de Poppe, a popular crypto strategist, shared his latest comments for Ethereum (ETH) rival Avalanche (AVAX). He also predicts rallies while keeping a close eye on Chainlink. The analyst tells his 620,800 Twitter followers that AVAX has surpassed the resistance at $26. He says he looks ready for a strong rally after this breakout. At the time of writing, AVAX is changing hands at $28.01, down 3 percent. The analyst uses the following statements:
Avalanche looks ready to continue here:
It’s attacking higher than $26 for the third time.
Breaking this resistance activates acceleration to all previous highs (short positions stop).
It holds the 50-day moving average as support.
Goals:
The next altcoin on the trader’s list is Chainlink (LINK), which Van de Poppe says presents a huge opportunity for long-term bulls. Chainlink is approaching $8, according to the analyst. He also points out that LINK accumulates in BTC and USD pairs, while noting that the altcoin presents an opportunity in the current situation. According to the analyst, LINK is one of the assets to be saved for the next bull. That’s because it’s down 85 percent from its previous all-time high. At the time of writing, LINK is trading at $8.54, down 0.8 percent. Finally, when it comes to Bitcoin, Van de Poppe says that BTC is still in an uptrend. However, he states that he warns short-term investors that pullbacks are possible.
Kaleo’s eye is on these projects
On the other hand, an analyst known as Kaleo talks about the new Ethereum fork (ETH) and potentially the change it will create in the NFT space. The analyst says that Ethereum is currently watching its merger with Beacon Chain, which runs the proof-of-stake model. Many are looking forward to Ethereum’s big update. As we have also reported as Kriptokoin.com, some are criticizing it at this time. Merge controversy escalated after a potential hard fork turned into a proof of work (POW) chain.
In such a case, Kaleo says NFT holders can essentially double their collections, as all NFTs on Ethereum will likely also be on the new chain. Kaleo uses the price action of Bitcoin Cash (BCH) forked from Bitcoin (BTC) as an example. According to the crypto analyst, there was a momentary phase in BCH where it seemed to be competing with BTC.
A PoW fork of Ethereum could be seen by some as the “original” (OG) version of the best smart contract platform. Therefore, Kaleo thinks that some investors may place more value on NFTs in the fork. Due to this potential scenario, Kaleo says that some of the best Ethereum-based NFT collections are currently “incredibly bullish.”
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