Michaël van de Poppe, one of the popular Twitter analysts, says that the increasing number of users of smart contracts could be reflected in first-layer Blockchain projects at a massive 10x. However, the analyst shares altcoin projects that can accompany this run.
Michaël van de Poppe expects 10x on these altcoin projects
The analyst, notorious for his predictions, takes a look at several altcoin projects, as well as a blockchain industry he says is experiencing massive adoption. In a new tweet, he provides his 584,800 followers with a chart that tracks the price action of the decentralized oracle network Chainlink (LINK) going back to September 2020.
At the time of writing, Chainlink (LINK) is trading in the $14 region, up 4.61% in the last 24 hours. The next altcoin on Van de Poppe’s radar is Ankr (ANKR), which leverages Web 3.0 to simplify native protocol cross-chain interaction and staking. Looking at the chart below, Poppe says:
ANKR is in a range, with very important support levels below it. If it breaks $0.10, it’s party time ready. It would deal with lower levels.
Ankr is currently trading just above $0.07, slightly higher. We saw that the altcoin project made ATH at $0.2252 in March.
Analyst updates AVAX and RSR forecasts
Next on the chart guru’s altcoin list is the Reserve Rights Token (RSR), an anti-inflation project that brings together baskets of tokenized assets. The RSR has been on a slow downtrend for several months. Van de Poppe questions:
If a chart looked like this, would you be interested in buying or selling? Van de Poppe, whose analysis we share as
Kriptokoin.com, concludes his analysis by emphasizing how significantly the smart contract platform Avalanche (AVAX) has grown. He believes such massive adoption means that layer 1 blockchain projects have the potential to increase their value tenfold. Studying AVAX price action, Poppe says:
Accounts created daily on Avalanche hit a new ATH with over 500,000 accounts created. Adoption? Yes. The market is growing faster and faster, accelerating. Tier-1s could easily go 10x and be a decent value at this point given the perspectives they have.
Avalanche (AVAX) is trading at $78, up 5% intraday at the time of writing.
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