Analyst called the way to make 40% profit on promising altcoin

Michaël van de Poppe believes that Fantom (FTM) is suitable for opening a long position

27.05.2022 - 08:10

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What’s new? Crypto analyst Michaël van de Poppe has advised opening a long position on the Fantom (FTM) token. He believes that there is a good entry point on the altcoin’s chart, as the coin has the prospect of rising to $0,48 (a gain of almost 40% from the current rate). As of May 27, 2022, FTM is trading at $0,35 (according to Binance).

🤝 $FTM.This one played out nicely. Not a bad place for longs now. https://t.co/RJAySPeUZF pic.twitter.com/3SjCK4iq5K— Michaël van de Poppe (@CryptoMichNL) May 26, 2022

What is Fantom? It is a DeFi smart contract platform for decentralized applications and digital assets, created in 2018. The network is compatible with the Ethereum Virtual Machine (EVM) and supports the Solidity programming language. The platform hosts dozens of blockchain projects, including decentralized exchanges and NFT marketplaces.

What happened before? In his previous posts, Van de Poppe spoke about other promising altcoins. He expects growth in the rates of three assets: Chainlink (LINK), Decentraland (MANA), and THORChain (RUNE). The analyst called to buy these tokens as soon as possible and covered them in detail.

Van de Poppe also mentioned Zilliqa (ZIL), Polygon (MATIC), and XCAD Network (XCAD) as promising low-cap altcoins. In his view, these tokens have a chance to grow in price.

In addition, the analyst called conditions for the bitcoin price to rebound above $30 000. A slowdown in consumer price inflation or a drop in the number of jobless claims could trigger the first cryptocurrency’s rise in value. Van de Poppet explained that compliance with one of these conditions could prompt the US Federal Reserve System (Fed) to ease monetary policy.

Experts at Santiment also called three assets that are extremely oversold and ready for impulse growth: Maker (MKR), Serum (SRM), and Binance Coin (BNB). For more details on the analysis of the price movements of these altcoins, see the link.

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