altcoins can show a 200% price increase! Here’s why!
As the cryptocurrency market turns green again, reclaiming the $1 trillion market capitalization, crypto traders and investors are watching the performance of various altcoins carefully to try and predict their further behavior.
Crypto expert: altcoins can show 200% price increase! Here’s why!
Upon detailed examination of the altcoin market, crypto trading expert Michaël van de Poppe concluded that these digital assets are ready to run another 100-200% from where they are now, as explained in his tweet on July 28.
AVAX example
Van de Poppe used the example and chart of the AVAX token, which shows Avalanche breaking above the 50-day moving average, to explain his point and “retest confirms pressure to buy” stressed.
The trade expert also “an acceleration above all previous highs of $26” He added that he has noticed that there is a “1D bullish divergence” to build on and that this indicates a possible target between $37 and $41.
AVAX/TetherUS 1D chart. Source: Michael van de Poppe
Community rise in altcoins and Bitcoin
Meanwhile, the crypto community at CoinMarketCap predicts that Cardano (ADA) token will trade at an average price of $0.711 by the end of August as the network awaits the Vasil hardfork.
At the same time, the community predicts that VeChain’s native VET token will rise as high as 107.66% by August 31, likely trading at $0.0486 due to increased adoption, as Finbold, known for financial analytics, previously reported. .
Alongside altcoins, the community is bullish on the near future of Bitcoin (BTC), predicting it will break the key psychological level of $30,000 and trade at an average of $32,493 by the end of August.
Source: Teknolojioku Rss by www.teknolojioku.com.
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