A popular crypto analyst said he will buy Polygon (MATIC), Cosmos (ATOM), Avalanche (AVAX), Concordium (CCD), and SKALE (SKL) as he expects a relief rally in the market. He also cited his analysis for other altcoin projects. Here are the details…
Michael van de Poppe announces altcoin projects he will buy
Michaël van de Poppe told his 619,400 Twitter followers that he is stocking up on altcoins that can give him a 20 to 60x return on investment. Talking about some of the projects he will gradually accumulate as he enters his next bull cycle, he shared the following list:
- Cosmos (ATOM)
- Polygon (MATIC)
- Avalanche (AVAX)
- Concordium (CCD)
- Scale (SKL)
According to the analyst, these will be a package to be used to generate 20-60x returns in the next bull cycle. As we have also reported on Kriptokoin.com, Fed Chairman Jerome Powell said at a press conference on Wednesday that the pace of rate hikes will likely slow down in the coming months. Van de Poppe sees this as a good sign for crypto. He says Jerome Powell is now a “pigeon”. He claims this is a “good sign for the markets”.
Analyst optimistic for Ethereum
On the other hand, Van de Poppe says that Ethereum’s mainnet and Beacon Chain’s proof-of-stake (PoS) system’s Merge this September is also bullish for the crypto market. The event will lead to Ethereum 2.0, which will transform the largest smart contract platform into a proof-of-work system. The upgrade is expected to resolve network scalability issues. The analyst uses the following statements:
There are ideal materials for the summer rally. Powell is getting dovish on politics and becoming more data-dependent. ETH Merge is coming in September. Heavy impact on 3AC, Celsius and more is already priced in. I predict that ETH will rise to $2,400 and BTC to $28,000-30,000.
Which levels are available to watch?
Finally, Van de Poppe shared his analysis on Chainlink (LINK), Solana (SOL) and Avalanche (AVAX) in his Twitter account. Starting with Chainlink first, according to Van de Poppe, Chainlink looks set for a good exit. The USD and BTC pairs appear to be accumulating during months of sideways movements, according to the analyst. Therefore, he thinks we are in a good spot for investment. The analyst believes that $6-8 is a lifetime chance for LINK.
On the other hand, the analyst talks about the SOL staying above its 50-day moving average (MA) and states that there are steady declines that increase the buyers’ pressure. He claims that attacking $26 in the process will accelerate the price, while pointing to $62 and $84 as potential targets.
Finally, Van de Poppe points to certain levels for AVAX. Saying that he had a break above the 50-day MA before, the analyst stated that there is buying pressure again. According to the analyst, possible targets for AVAX consist of $ 37-41.
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