Crypto analyst Michaël van de Poppe calls the token with a twofold growth potential
To buy in December, the expert identified three altcoins that can grow by 35-100%
02.12.2022 - 13:00
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The material is not an investment recommendation and is published for information purposes only.
A widely followed crypto analyst is updating his outlook on three of the largest digital assets on the market.
Starting with Binance Coin (BNB), crypto strategist Michaël van de Poppe tells his 164,000 YouTube subscribers that the fourth-largest crypto asset by market cap is one of his top three coins worth accumulating in December.
He predicts BNB could surge by around 50% from the current levels if it manages to break above the $325 resistance level.
“I think that once Binance [Coin] is going to crack through the level at $325, it’s going to give another push towards the highs. And then we’re going to have a runner to watch.
$380, and potentially even the highs around $450.”
Binance Coin (BNB) is changing hands for $301 at time of writing.
Next up is the Ethereum scaling network Polygon (MATIC). Van de Poppe says that Polygon could potentially rally by over 35% once it hits the next target price of around $0.95.
“Once we are breaking these highs [around $0.93], it’s going to accelerate towards this region [$0.95] and then you can start looking at a serious runner of approximately 35% of MATIC.”
Polygon is trading at $0.92 at time of writing.
Turning to Ethereum-based blockchain oracle asset Chainlink (LINK), Van de Poppe says that once the 21st-largest crypto asset by market cap builds strong support around the $7.50 area, it could double in price.
“Once it starts to hold here, it’s a reasonable thought that we’re going to look at $8.50 to $9.50 as the next resistance zones.
And that we can start seeing the continuation towards the breakout above this range high [about $9.30] and then we are looking at $15 potentially.”
Chainlink is valued at $7.53 at time of writing.
This material is taken from the website dailyhodl.com.
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