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- A crypto analyst suggests Ethereum, Polkadot, and four additional crypto assets for accumulation.
- The analyst said these altcoins performed high in its list of accumulation.
Van de Poppe’s Altcoin Analysis
The well-known crypto analyst, Michael Van De Poppe, shared a post in his Twitter account on September 3, 2022. In the post he stated that the crypto market gave long-term bulls including the opportunity to accumulate cryptocurrencies at a heavily discounted price.
Van de Poppe said he is accumulating Ethereum (ETH), interoperability chain Polkadot (DOT), alongwith Cosmos (ATOM), that are designed to scale and communicate with each other in a blockchain ecosystem.
He also added that he kept his eye on SKALE (SKL) that allows developers to create and provide decentralised chains with complete Ethereum compatibility and Mina Protocol (MINA), that boost up the blockchain identification procedure.
ETH Analysis
In a new strategy session on YouTube, Van de Poppe predicts the ETH price. He said “Clearly, you want to see it test around $1,450 to $1,475. If that holds, we can continue. You want to see a crack of $1,685.”
According to the prediction of the analyst, a potential rally of Ethereum to $2,225. While the ETH is currently performing at the price of $1,564.76 with the 0.76% up in the last 24 hours.
BTC Analysis
On the other hand, Bitcoin (BTC) is currently trading within a narrow range in the lower timeframe that ranges between $19,000 to $20,600. He mentioned that, “You technically want to see it held above this area here ($19,800)… If we do lose $19,800 to $20,000, probably we’re going to sweep the lows here ($18,900). And then the question will become whether we get a very high volume candle liquidity grab and then reverse immediately and then we can go to the other side of the range ($20,600).”
Van de Poppe predicted the breakout rally to $22,000 if BTC raised to $20,600. As BTC is currently pricing at $19,782.05 with an increase of 0.06% in the last 24 hours.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
