Top Analyst Says One Ethereum-Based Altcoin Is Ready To Break Out, Updates Outlook on Three Additional Altcoins

An ana­lyst close­ly fol­lowed in the cryp­to space says that one alt­coin oper­at­ing on the Ethereum (ETH) blockchain is ready to run, and has updates on three oth­er dig­i­tal assets.

Michaël van de Poppe tells his 647,000 Twit­ter fol­low­ers that Ethereum scal­ing solu­tion Poly­gon (MATIC) is like­ly pre­sent­ing an oppor­tu­ni­ty for a 60% gain if it pro­vides the right entry at around $1.

“This looks ready to break upwards significantly.

Would be inter­est­ed in buy­ing around $1 for a retest and then it could run towards $1.60 quite easily.”

The ana­lyst also has his radar locked on Ethereum com­peti­tor Avalanche (AVAX). Accord­ing to Van de Poppe, AVAX bulls may want to wait for about a drop to a demand lev­el near $17.50 before going long on the smart con­tract protocol.

“Same point here. We could be look­ing at a case of con­tin­u­a­tion, but you’d def­i­nite­ly don’t want to chase the trade. Entries around $17.50 are doable.”

Next on the trader’s radar is decen­tral­ized exchange pro­to­col Injec­tive (INJ). Van de Poppe says that INJ, which is already up about 40% in the last sev­en days, may not present any playable oppor­tu­ni­ties until it cor­rects to $2.30 or to $2.08 for longer-term trades.

“Strong run­ner here, but points of inter­est are a bit lower.

I’d be inter­est­ed for a bounce play at $2.30 and for swing plays at $2.08″

Last­ly, Van de Poppe looks at Ver­a­sity (VRA), an Ethereum-based alt­coin focused on serv­ing the e‑sports, gam­ing, non-fun­gi­ble token (NFT) and video economies. He says that while VRA looks very strong, bulls should wait for a rough­ly 40% cor­rec­tion down to the $0.004 range before open­ing a position.

“This one looks strong and made a mas­sive 250% run already.

Through that, I’d be patient on enter­ing honestly.

You’d be inter­est­ed once a cor­rec­tion takes place towards $0.004.

That’s the region for me before a new expan­sion upwards happens.”

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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.

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