Trader Calls One Ethereum-Based Crypto Asset the ‘Opportunity of a Lifetime,’ Says Altcoins May Erupt if Bitcoin Consolidates

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Pop­u­lar cryp­to ana­lyst Michaël van de Poppe thinks one over­looked dig­i­tal asset is the “oppor­tu­ni­ty of a lifetime.”

Van de Poppe tells his 627,800 Twit­ter fol­low­ers that the decen­tral­ized ora­cle net­work Chain­link (LINK) is a huge oppor­tu­ni­ty priced between $6-$8.

Chainlink’s native asset LINK is trad­ing at $7.26 at time of writ­ing. The 25th-ranked cryp­to asset by mar­ket cap is up 1.66% in the past 24 hours but down near­ly 5% in the past week. LINK also remains down more than 86% from its all-time high of $52.70, which it hit in May 2021.

Van de Poppe also pre­dicts that numer­ous alt­coins could break out soon, depend­ing on Bitcoin’s (BTC) price movement.

“Well, XRP has been break­ing out heav­i­ly. The thing is, if Bit­coin con­sol­i­dates and goes back to $20,000+, it’s prob­a­bly time for more of those alt­coins to have big break­outs. Posi­tion your­self well and don’t count ful­ly on the $12,000-$14,000 thesis.”

Bit­coin is trad­ing at $18,991 at time of writ­ing. The top-ranked cryp­to asset by mar­ket cap is down near­ly 2% in the past 24 hours.

Oth­er cryp­to ana­lysts dis­agree with Van de Poppe, how­ev­er. Pseu­do­ny­mous ana­lyst Capo tells his 527,500 Twit­ter fol­low­ers that he thinks BTC will “scam pump” to the $20,300-$20,600 range, then plunge down to new lows between $14,000 and $16,000.

Source: CryptoCapo_/Twitter

 

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Fea­tured Image: Shutterstock/Salamahin,/A.Dina



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