The expert assessed the short-term prospects for Ethereum, Binance Coin, and Fantom to increase in value

Analyst Michaël van de Poppe finds signals of possible growth in three altcoins

07.07.2022 - 13:30


3 min

What’s new? Cryptocurrency analyst Michaël van de Poppe believes that altcoins Ethereum (ETH), Binance Coin (BNB), and Fantom (FTM) have the potential for bullish growth. The expert shared his prediction on the movements of the coins’ rates on Twitter.

Analyst about ETH. Van de Poppe noted that the token of the Ethereum smart contract platform probably is poised for rapid growth after regaining key support within the four-hour timeframe. If ETH breaks through the $1100 mark, a rise to $1250 is possible, he added.

As of July 7, 13:00 UTC, ETH is trading at $1188, having gained 4,73% per day, according to the Binance exchange.

Analyst about BNB. Binance’s utility token is also poised for a bullish move, according to Van de Poppe. The expert previously noted that BNB’s support level is the $215 mark. He stressed that the asset holds well in this price range, so a rise in value to $240 or $257 can be expected.

BNB is trading at $235,5. The price of the asset has remained almost unchanged per day, down by 0,72%.

Analyst about FTM. Van de Poppe said that if the token of Fantom, a smart contract platform for dApps, returns a key support area at $0,26, this could trigger a rise to $0,29 and subsequently to new highs.

FTM is trading at $0,26, having gained 3,41% per day.

Earlier, analyst and trader Justin Bennett warned of a possible decline in the value of altcoins such as Dogecoin (DOGE) and VeChain (VET). In his view, the tokens will see a correction amid the bitcoin price falling below $20 000.

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