Which altcoins to buy right now. Three coins from the analyst
Michaël van de Poppe spoke about the prospects for LINK, MANA, and RUNE and called investors for the purchase
24.05.2022 - 13:55
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3 min
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What’s new? Crypto analyst Michaël van de Poppe spoke about the probability of growth in the rates of three altcoins: Chainlink (LINK), Decentraland (MANA), and THORChain (RUNE). He urged to buy the assets as soon as possible and spoke about each of them in more detail on Twitter.
Analyst about LINK. According to Van de Poppe, the token of the decentralized oracle network Chainlink is potentially ready for a bounce after losing more than 86% of its value from its all-time high of $53 in 2021. The analyst noted that the asset is still undergoing a massive correction since then. He assumes a breakout of the altcoin price, for which it has to overcome the $7,50 mark. “If that breaks, I think we’ll be seeing $9 and potentially $10 next,” the expert noted.
As of May 24, 16:20 Moscow time, LINK is trading at a price of $6,95, according to Binance.
Request 02 - $LINKThis one is still having a massive correction since the ATH in 2021.However, looking like we'll be having an upwards breakout too.For that, it has to crack $7.50. If that breaks, I think we'll be seeing $9 and potentially $10 next. pic.twitter.com/UBhHsXZPnn— Michaël van de Poppe (@CryptoMichNL) May 22, 2022
Analyst about MANA. The altcoin rate of the Decentraland virtual reality platform has to overcome its initial resistance at $1,12, according to Van de Poppe, followed by a rise to $1,4. He called $0,99 and $1,04 as key support levels.
As of May 24, 16:20 Moscow time, MANA is trading at a price of $1,02.
Request 03 - $MANAThis one is a copy/paste of the entire market structure.Facing LTF resistance around $1.12.If that breaks and we flip if (like the scenario gives), a long trigger is activated towards $1.40.Supports; $0.99 and $1.04. pic.twitter.com/xRyEtfUhQs— Michaël van de Poppe (@CryptoMichNL) May 22, 2022
Analyst about RUNE. According to Van de Poppe, the token of the THORChain platform for secure transfer of assets between blockchains has to stay above the $2,90 support level to have a chance of rising to $3,28.
As of May 24, 16:20 Moscow time, RUNE is trading at a price of $2,99.
Nice, this one made a good run for 13% as described in the chart.$RUNE https://t.co/eKQvzq4f3H pic.twitter.com/LTI4D4VITD— Michaël van de Poppe (@CryptoMichNL) May 23, 2022
What events happened before? On May 21, Van de Poppe revealed that he considers Polygon (MATIC), Zilliqa (ZIL), and XCAD Network (XCAD) to be the most promising low-cap altcoins. In his view, these tokens have a chance to grow in price.
On May 17, Michaël van de Poppe concluded that the rates of cryptocurrencies such as Chainlink (LINK), VeChain (VET), and Verasity (VRA) may rise in the near future.
On May 9, Michaël van de Poppe named the five most profitable cryptocurrencies in terms of risk-to-reward ratio. The analyst attributed Cardano(ADA), Chainlink (LINK), Curve DAO (CRV), SKALE (SKL), and VeChain (VET).
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