Amid the current cryptocurrency market correction, popular crypto strategist Michaël van de Poppe highlighted two major altcoins that he believes could have a significant impact on the broader crypto-asset markets. Van de Poppe, who has a significant following of 657,600 on Twitter, identified Litecoin (LTC) and XRP as cryptocurrencies to watch.
Michael van de Poppe supports two altcoins
Van de Poppe suggests that these two altcoins have the potential to give a positive impetus to the crypto markets. In a tweet, he states that they can move the markets by urging their followers to stay vigilant and follow XRP and LTC. It also encourages watching for the possibility of a breakout above the 200-week moving average for the total market cap next week.
Stay sharp, stay focused.
Keep an eye out on $XRP and $LTC.
They'll move markets.
And check whether we'll be able to flip above the 200-Week MA for Total market cap in the next week.
— Michaël van de Poppe (@CryptoMichNL) June 10, 2023
DonAlt also highlighted the importance of XRP and LTC
Another pseudonymous trader known as DonAlt echoes Van de Poppe’s views on XRP and LTC. DonAlt highlights the importance of buying cryptocurrencies with strong underlying narratives. He actively trades Litecoin and XRP, taking advantage of the halving narrative surrounding Litecoin and the ongoing SEC litigation regarding XRP. According to DonAlt, these are the only altcoins he considers worthy of attention.
At the time of this writing, XRP is trading at $0.52, while LTC is valued at $77.58. These price levels present potential opportunities for investors who fit Van de Poppe and DonAlt’s perspectives on altcoins. Alongside XRP and LTC, Van de Poppe is also expressing a long-term bullish trend on Chainlink (LINK), a decentralized oracle network. Despite the current market conditions, he sees Chainlink reaching a new low as a viable opportunity for investment.
Van de Poppe explains that he has accumulated LINK at $5 and LTC at $77, suggesting that these price points offer significant value for investors. As the cryptocurrency market is going through a correction, investors and traders are looking for opportunities to capitalize on potential price movements. The insights shared by Van de Poppe and DonAlt offer valuable perspectives on altcoins that could impact the market. However, it is important to remember that the cryptocurrency market is extremely volatile and subject to rapid fluctuations.
DonAlt’s previous predictions
As we reported on cryptokoin.com, DonAlt correctly predicted that the Bitcoin price would reach $6,100 in March a few years ago. Furthermore, the analyst correctly predicted a 44 percent increase in the value of Bitcoin at the beginning of January. The analyst spotted the peak where BTC surpassed $10,300 on February 12. During this time, XRP reached $0.43 and managed to stay above the $0.40 level mentioned by the analyst.
Investors should do extensive research and be careful when making investment decisions. While these analysts see potential in XRP, LTC and LINK, it is important to consider individual risk tolerance and investment strategies. As always, it is recommended to seek professional advice before entering the cryptocurrency market.
53905
