The expert believes that Ethereum (ETH), Fantom (FTM) and Ripple (XRP) may soon enter a growth phase

Crypto analyst Michaël van de Poppe called three promising altcoins

29.06.2022 - 16:15

185

3 min

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.

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.

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.

Earlier, the analyst named potential entry points for altcoins Zilliqa (ZIL), Ethereum (ETH) and Fantom (FTM).

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