Michael van de Poppe, a widely followed Bitcoin and altcoin strategist, has shared his comments for various cryptocurrency projects. In the midst of a market that can be considered negative, he announced his best altcoin picks. Here are the details…
Michael van de Poppe shared his altcoin preferences
Michaël van de Poppe said on Twitter that some altcoins are preparing for big rallies. These coins are Ethereum (ETH), Cardano (ADA), Avalanche (AVAX), Fantom (FTM) and Polygon (MATIC). The analyst pointed out that he bought 1.1 million FTM for about $ 245,000. So, he added an average of $ 0.21-0.22 to his wallet. On the other hand; He said he has a total of $ 650,000 long positions in ETH, ADA, MATIC and AVAX. The analyst seems confident that he will make a 30-150 percent profit on these long positions and sell.
On the other hand, Van de Poppe said that if the Phantom falls below $ 0.175, it will exit its FTM position. Currently, FTM has increased more than 10 percent in the past 24 hours. It is trading at $ 0.2422. Hence, above $ 0.175 as indicated by Van de Poppe. cryptocurrency.com As reported, Fantom is an open source decentralized smart contract platform for dApps and digital assets created as an alternative to Ethereum.
The analyst maintains a bullish outlook in the crypto space
The crypto strategist also points to the Fetch.ai chart to show why the altcoins are bullish. Fetch.ai is a platform that aims to bring together technologies such as machine learning, artificial intelligence and Blockchain. The analyst says that the chart he shared for FET summarizes his view on altcoins in general. Founded in 2017 and launched via IEO on Binance in March 2019, Fetch.AI is an artificial intelligence (AI) laboratory that creates an open, permissionless, decentralized machine learning network with the crypto economy.
Looking at Ethereum, Van de Poppe says trading ETH below $ 1,000 is a huge opportunity for bulls. Van de Poppe states: “The three-digit Ethereum is also the opportunity of a lifetime”. At the time of writing, Ethereum is trading at $ 1,071, up 11.2% in the past 24 hours. The change in ETH over the past 7 days is a loss of 26.1%. ETH is the largest altcoin.
It also says the cryptocurrency remains bullish despite another pullback last day. He notes that “weekend moves are often fake”. In fact, BTC appears to have risen above $ 20,000 at the time of writing, although it plummeted below $ 20,000 or even $ 19,000 over the weekend.
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