Analyst Says Ethereum, Polkadot and Four Additional Crypto Assets Are Top Altcoin Picks for Accumulation
A popular analyst says he has his radar locked on a number of altcoins high on his list for accumulation, including Ethereum (ETH) and Polkadot (DOT).
Crypto strategist Michaël van de Poppe says his 624,700 Twitter followers that he believes the crypto markets offer long-term bulls the opportunity to accumulate digital assets at deeply discounted prices.
In addition to leading smart contract platform Ethereum and interoperability chain Polkadot, Van de Poppe says he is currently assembling Cosmos (ATOM), an ecosystem of blockchains designed to scale and communicate with each other.
The crypto strategist also says he has his sights set on SKALE (SKL), a blockchain network that aims to allow developers to create and offer decentralized chains fully compatible with Ethereum, as well as Mina Protocol (MINA), a project designed to accelerate the blockchain identification process.
still,
This period is a period where you can accumulate your investments nicely.
Remember, $VAR did a 200x for me and a few more coins have been a win.
I put it on;
– $ETH
– $ATOM
– $POINT
– $SKL
– $MY
– $CCDAnd a few more.
What about you?
— Michaël van de Poppe (@CryptoMichNL) 2 September 2022
Looking closer at Ethereum, Van de Poppe predicts in a new strategy session that ETH needs to hold its immediate support to possibly initiate a rally to his target above $2000.
“Obviously you’ll see it test around $1,450 to $1,475. If that holds, we can continue. You’ll see a crack at $1,685.”
Looking at Van de Poppe’s chart, the analyst predicts a potential Ethereum rally to $2,225. At the time of writing, ETH is changing hands for $1556.
As for Bitcoin (BTC), Van de Poppe says the royal crypt is currently trading within a narrow range in the lower timeframe between $19,000 to $20,600.
“You technically want to see it hold above this area here ($19,800)… If we lose $19,800 to $20,000, we’re probably going to sweep the lows here ($18,900). And then the question will be if we get a very high volume of liquidity for candles and then reverse immediately and then we can go to the other side of the range ($20,600).
Should BTC rise to $20,600, Van de Poppe predicts a breakout rally to $22,000.
At the time of writing, BTC is valued at $19,866.
I
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