Which altcoins to look out for in May. 5 coins from the analyst

What’s new? Cryptocurrency analyst Michaël van de Poppe considers Cardano (ADA), Chainlink (LINK), Curve DAO (CRV), SKALE (SKL), and VeChain (VET) the most promising altcoins this month. According to him, these tokens have the most favorable risk-to-reward ratios in the crypto market correction. The analyst spoke about this on his YouTube channel.

Michaël van de Poppe’s YouTube channel

Analyst about ADA. Van de Poppe reported that Cardano’s point of interest (POI) is around $0,7 and the altcoin’s upside potential is above $1. If the altcoin price does not exceed $1, the next level around $0,38 can be considered. The crypto analyst noted that these are the two levels to look at for trading or investing in ADA. As of May 9, the token exchange rate is $0,66 (according to Binance)

Analyst about LINK. After examining the Chainlink decentralized oracle network’s token, Van de Poppe stated that LINK is now in a position that has the potential to generate returns for long-term investors. He said that he wants to include LINK in his portfolio. The crypto analyst noted that while the downside risk is 30%-50%, the upside potential is at least 500%. As of May 9, the token rate is $9,24.

Analyst about CRV. The crypto trader is also keeping an eye on CRV, the governance token of the decentralized exchange Curve Finance. According to Van de Poppe, the token must hold at $1,93 to create sufficient “bullish” momentum for a strong breakout. As of May 9, the token rate is $2,28.

Analyst about SKL. If “bulls” manage to recover a key price area of the native token of the blockchains network SKALE Network (SKL), this will trigger its five-fold rally, according to Michaël van de Poppe. The crypto analyst’s final prediction is that SKL can generate a 400% return. As of May 9, the token rate is $0,13.

Analyst about VET. The last promising altcoin, according to Van de Poppe, belongs to the blockchain-based management platform VeChain (VET). According to the analyst, VET can reach a rate of $0,15 or $0,12. As of May 9, the token rate is $0,04.

What events happened before? Crypto analyst Benjamin Cowen named four promising altcoins. According to him, the best in this market cycle are Ethereum (ETH), Cardano (ADA), Avalanche (AVAX), and Polkadot (DOT). He called Ethereum the number one project among the most promising altcoins.