Crypto analyst Michaël van de Poppe called three promising altcoins
The expert believes that Ethereum (ETH), Fantom (FTM) and Ripple (XRP) may soon enter a growth phase
29.06.2022 - 16:15
176
3 min
0
What’s new? Cryptoanalyst Michaël van de Poppe has identified three altcoins that could soon move into a growth phase. He listed Ethereum (ETH), Fantom (FTM) and Ripple (XRP) as promising assets. On Twitter, the analyst talked more about each of them.
Analyst on ETH. According to the expert, ETH now has a strong momentum to grow in value after hitting one-month lows of below $1 000 on June 18 and 19. The analyst believes that the price of the asset is steadily moving towards the $1400 mark. As of June 29, 15:10 UTC, Ethereum is trading at $1112, down 7,17% in 24 hours, according to Binance.
Great retest on #Ethereum here.Seems likely to have continuation towards $1,440. pic.twitter.com/iNovuHSRO1— Michaël van de Poppe (@CryptoMichNL) June 28, 2022
Analyst on FTM. Van de Poppe noted that he sees the price behavior of the Fantom blockchain platform token on the hourly timeframe as an indicator reflecting the process of correction of the asset. He added that the token is currently testing previous highs and is in a range where it could begin to rise to a new high. FTM is trading at $0,26, down 7,7% in a day.
$FTM is interesting with the fact that we're retesting previous highs here.Not saying that correction is over, but it's definitely an area that I'd want to see sustain (including LTF's sweep of the lows and reclaim) in which a reversal should target a new high. pic.twitter.com/wOsP656T0n— Michaël van de Poppe (@CryptoMichNL) June 27, 2022
Analyst on XRP. The expert noted that many altcoins are consolidating (trading in a narrow price range) after “a breakout end of last week.” Van de Poppe sees the pullback of cryptocurrency platform token Ripple to $0,34 from Friday's high above $0,38 as a potential launch pad for a new growth phase. XRP is trading at $0,32, down 5,98% in a day.
Everyone is always extreme in their words for the movements of a market.At this point, many #altcoins are just having a consolidative move after a breakout end of last week.Good retest on $XRP here. Would be my area for a potential long. https://t.co/OUSfdwMj96 pic.twitter.com/2xz0JlKRpi— Michaël van de Poppe (@CryptoMichNL) June 27, 2022
Earlier, the analyst named potential entry points for altcoins Zilliqa (ZIL), Ethereum (ETH) and Fantom (FTM).
Useful material?
Market
The commission had previously warned the developer of potential enforcement actions
Apr 29, 2024
Market
Funds can be seized by law enforcers due to links to illegal activity
Apr 26, 2024
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024