The crypto trader sees Ripple, Polygon, Cardano, and Fantom coins as promising

Analyst Michaël van de Poppe predicts the possible rise of four altcoins

08.07.2022 - 13:45

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3 min

What’s new? Cryptocurrency analyst Michaël van de Poppe has called four promising altcoins with high capitalization. The expert believes that the rates of tokens such as Ripple (XRP), Polygon (MATIC), Cardano (ADA), and Fantom (FTM) can rise under certain conditions. He spoke about each coin on Twitter.

Analyst about XRP. Van de Poppet believes that the token of the crypto platform Ripple needs to turn the current resistance level of $0,33 into a support level to continue rising. According to the expert, in such a scenario, the XRP rate could rise to $0,43.

As of July 8, 13:30 UTC, the asset is trading at $0,337. XRP’s price has increased by 2,64% in 24 hours, according to the Binance exchange.

Analyst about MATIC. According to Van de Poppe, the rate of MATIC, the native token of the Polygon network, has the potential to go up by more than 20% from the $0,52 level. The expert expects the value of the asset to rise to $0,65.

MATIC is trading at $0,558, having gained 6,74% per day.

Analyst about ADA. The crypto trader believes that the price of the native token of the Cardano blockchain can rise sharply once it reaches the $0,48 level. Van de Poppe noted that for now, ADA’s price has been relying on a support level in the $0,45 range.

The coin is trading at $0,465. The ADA price has remained virtually unchanged per day, adding 0,58%.

Analyst about FTM. Van de Poppe expects the token of Fantom, a smart contract platform for dApps, to continue its uptrend and possibly climb by more than 60% from its current price level.

The token is trading at $0,268, adding 1,9% per day.

Earlier, Michaël Van de Poppe said that altcoins such as Ethereum (ETH), Binance Coin (BNB), and FTM have the potential for bullish growth.

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