While investors are starting to accept 90% losses, analysts continue their search for altcoins to lead the recovery. The two biggest coins, Bitcoin and Ethereum, have lost more than 25% since last week. A crypto analyst known for his accurate predictions is talking about 100x gains if current levels bottom out.
Michael van de Poppe expects great return on these altcoin projects
After Terra LUNA and UST, the cryptocurrency market is now in danger of ETH and stETH. As Kriptokoin.com, we have discussed the details in this article. This instability, which caused more panic as the market continued to bleed, put Ethereum under severe pressure. Accompanied by this, losses in the last 24 hours on 13 June reached over 15%. Now, with some altcoins starting to recover in double digits, popular crypto analyst Michael van de Poppe said that prices could rise 20% to 40% in the coming days.
The analyst, who supports this expectation with historical data, He gives an example of the last bear market where Ethereum saw $80. As Poppe points out, Ethereum slumped to $80 after raising roughly $1,300 in 2018. The leading altcoin then reached a price of $4,500 ATH in the bull of 2021. As a result, the analyst says that “altcoins that will recover in the coming period may choose in these months”. At this point, Poppe invites his followers to be patient.
By the way, in a tweet during the day Poppe, bear market He shared the employment data, which he interpreted as a signal. Accordingly, Coinbase laid off more than 1,100 staff, while Binance added 2,000 more to its staff. “It’s also a bear market feeling,” says Poppe.
The analyst shared the altcoin he expected 100x
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Chainlink (LINK), the 22nd largest cryptocurrency by market cap, is the altcoin Poppe expects 100x. At the time of writing, LINK has rallied more than 10% in the last 24 hours, trading at $6.38. In the tweet below, the analyst says $5-$8 is a great opportunity. If LINK confirms these levels as the bottom, we can see 50-100x in the coming periods, according to the analyst.
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