Michaël van de Poppe spoke about the prospects for LINK, MANA, and RUNE and called investors for the purchase

Which altcoins to buy right now. Three coins from the analyst

24.05.2022 - 13:55

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3 min

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.

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.

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.

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).

Author:

Tatiana Darda Tatiana Darda

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