Recently, Russian cryptocurrency investor and strategist Michaël van de Poppe discussed in a YouTube video 5 Altcoins that he was particularly bullish about and the reasons behind them. His analysis not only answered many queries in the minds of crypto enthusiasts but also paved the way for further discussion on market prospects-particularly for Altcoins.
The Altcoin Advantage
CELR/ BTC: Poppe stated that he has followed 5 Altcoins which come with tremendous potential to rise. To begin with, he highlighted the Celer Network ( CELR ) coin, emphasizing that the CELR / BTC pair had an important rally.
Explaining how the Celer Network currency has increased in volume, Poppe also spoke about people’s renewed interest in the currency and predicted that the CELR / BTC pair could rise up to the 200 level with a 140 percent increase.
In Van de Poppe’s depiction, what also stood out was the current trend which is above the 100 and 200-day moving averages, and that the coin has now consolidated its position in the market extremely well for the first time since it was listed on the leading stock markets.
ONE: Poppe also shared that he is currently following the movement of the Harmony (ONE) currency against Bitcoin, which has a similar market structure to the CELR / BTC pair, and thinks that as long as it does not dip below 73 Satoshi level, 180 could be captured in ONE / BTC pair. He further added that he would expect the 93 Satoshi pair to rise by almost 100 percent.
TROY: Another cryptocurrency on the crypto analysts’ radar was TROY. As per his observation, the TROY / BTC pair may gain more than 70 percent, suggesting that the value from 65 Satoshi could surge to 100 Satoshi.
MANA/BTC: Poppe was also optimistic about a boom in Decentraland (MANA / BTC), and believes that this crypto money, which is currently at 680 satoshis, has the potential to touch 2,000 satoshis.
ALGO/BTC: The last coin on Poppe’s list was Algorand (ALGO / BTC), which is currently worth 3,730 Satoshi, but would hopefully rise to 5,500 Satoshi as long as it does not fall below 3,000.
Poppe also showed how the recent breakout of Bitcoin occurred while EUR/USD broke upwards from 1.14 to 1.19. This, in the end, brought about a drop of the USD in opposition to different currencies and become observed through huge breakouts in Bitcoin, gold, and silver prices. The analyst felt that a range-bound period could be a positive trend for the markets, as altcoins have been doing relatively well in these times. To be precise, if Bitcoin’s price starts to correct, the limelight could shift to Altcoins.
