Notorious Analyst Identified 4 Altcoins: 10x Will Do!
Popular Twitter analyst Michaël van de Poppe says that the growing number of users of smart contracts could be reflected in first-layer Blockchain projects at a massive 10x. However, the analyst shares altcoin projects that can accompany this run.
Michaël van de Poppe expects 10x on these altcoin projects
The analyst, who is notorious for his predictions, is taking a look at several altcoin projects, as well as a blockchain sector he says is experiencing massive adoption. In a new tweet, he provides his 584,800 followers with a chart that tracks the price action of the decentralized oracle network Chainlink (LINK) going back to September 2020.
At the time of writing, Chainlink (LINK) is trading in the $14 region, up 4.61% over the past 24 hours. The next altcoin on Van de Poppe’s radar is Ankr (ANKR), which leverages Web 3.0 to simplify native protocol cross-chain interaction and staking. Looking at the graph below, Poppe says:
ANKR is in a range, there are very important support levels below it. If it breaks $0.10, it’s party time ready. It would deal with lower levels.
Ankr is currently trading slightly higher at just above $0.07. We saw that the altcoin project made ATH at $0.2252 in March.
Analyst updates AVAX and RSR forecasts
Next on the chart guru’s altcoin list is the Reserve Rights Token (RSR), an anti-inflation project that brings together baskets of tokenized assets. The RSR has been in a slow downtrend for several months. Van de Poppe questions:
Would you be interested in buying or selling if a chart looked like this?
Van de Poppe, whose analysis we share as Kriptokoin.com, concludes by emphasizing how significantly the smart contract platform Avalanche (AVAX) has grown. He believes such massive adoption means that layer 1 blockchain projects have the potential to increase their value tenfold. Analyzing AVAX price action, Poppe says:
Accounts created daily on Avalanche reached a new ATH with over 500,000 accounts created. Adoption? Yes. The market is growing faster and faster, accelerating. Tier-1s could easily go 10x and be a decent value at this point given the perspectives they have.
