Veteran crypto trader and market analyst Michaël van de Poppe says 6 altcoins are undervalued while he also continues to focus on Bitcoin and Ethereum. According to him these Coins are ready to explode this cycle while also chasing fresh new all-time highs.
Bitcoin is currently in a sleep state, trading in the $34,000 to $40,000 zone after the Market-wide crypto crash recently. Van De poppe has the highest targets set for the king coin as he predicts that it will reach the $350000 level. He also believes that it can go as high as $450000.
During the catastrophic cryptocurrency sell-off last week, the price of Ethereum plummeted. The price dropped to $1,734, a multi-week low. It subsequently made a gradual rebound, reaching a high of $2,900 in the process. According to the analyst, ethereum will surpass the $10000 level to reach the $17000 mark.
Polkadot will be worth $250 to $350, Chainlink will be worth $250 to $350, Cardano will be worth $10 to $20, Zilliqa will be worth $5 to $7, Elrond will be worth $500 to 750, and DIA will be worth $50 to $75, according to the analyst.
He clarifies that some of his projections may be conservative.
With the whole cryptocurrency market cap down roughly 30% from its peak earlier this month, van de Poppe laments that some investors have sold their altcoin positions, despite his belief that a recovery is on the way.
“Some altcoins are erasing their entire loss of the past week. Probably we’ll see more following suit without a real retrace or retest. Leaving the people behind that sold at the lows, those are wiped out. It’s a hard market…Selling your altcoins after a 70% crash is the same as buying your altcoins after a 500% rally. It’s the exact same mindset. Reverse and you’re a winner of the markets.”
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