The expert also noted the strengthening of bitcoin positions

Two altcoins ready to rise by 30%. Prediction by analyst Michaël van de Poppe

16.08.2022 - 09:45

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3 min

What’s new? Cryptocurrency trader and analyst Michaël van de Poppe spoke about two altcoins that could potentially grow by more than 30%. The expert also reported the strengthening of bitcoin positions. In this, he noted the consolidation in a narrow price range and added that profit-taking is now taking place “as bear mindset is still key.”

The material is not an investment recommendation and is published for information purposes only.

BTC. Van de Poppet noted that he considers the $23 800 and $23 000 marks for long positions. As of August 16, 09:20 UTC, BTC is trading at $24 072, having gained 0,2% per day, according to Binance.

LINK. According to the expert, the token of the Chainlink decentralized oracle network continues its growth and is on its way to the $12 bar. This means that the coin could grow by 37% in the long run. Van de Poppe suggests that the support level is the $8 mark. LINK is trading at $8,676 and the altcoin’s rate is up by 1,37% in 24 hours.

CELR. Also in Van de Poppe’s sights was the token of layer 2 (L2) solution Celer Network on the Ethereum network. In his opinion, the altcoin is in a clear upward trend as it sets higher lows. The analyst estimates that the coin could grow another 30%, to $0,034. The range of $0,0235-0,024 was singled out by the analyst as a support level. CELR is currently trading at $0,0256, down by 3,25% per day.

At the end of July, van de Poppe called signs indicating the possibility of a significant increase in the rates of Avalanche (AVAX), Solana (SOL), and Chainlink (LINK).

Author:

Vasiliy Smirnov Vasiliy Smirnov

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