Breaking News
Investing Pro 0
Cyber Monday SALE: Up to 54% OFF InvestingPro+ CLAIM OFFER

Crypto Trader Shares His Bullish Predictions for 5 Altcoins

Cryptocurrency Nov 07, 2022 02:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Crypto Trader Shares His Bullish Predictions for 5 Altcoins
 
BTC/USD
+2.34%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ETH/USD
+4.23%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
BNB/BRL
-1.72%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

  • Michaël van de Poppe is bullish on LINK, ZIL, FTM, BNB, and ETH.
  • BTC’s price rose above the $21k level over the last 24 hours before retracing today.
  • All of the altcoins that Michaël van de Poppe is bullish on have dropped in price over the last 24 hours.

Many traders in the crypto space are waiting for the next altcoin season. This anticipation was further heightened by the recent price movements of the crypto market leader, Bitcoin (BTC), which saw its price climb above the $21,000 level. At press time, BTC’s price has retraced slightly by 1.71% to now trade at $20,861.45.

Despite the entire crypto market cap dropping 1.93% over the last 24 hours, according to CoinMarketCap, it still remains above $1 trillion. This is mainly due to the bullish price movements over the last several weeks, with altcoin dominance overpowering that of BTC.

The growing altcoin dominance is suggestive of a near-term bullish rally for altcoins, which will result in an altcoin season. One crypto trader shared his price predictions for some popular altcoins on Twitter yesterday morning.

According to the crypto trader, Michaël van de Poppe (@CryptoMichNL), Chainlink (LINK) will rise to $15, Fantom (FTM) will enter the range between $0.75 and $1, Zilliqa (ZIL) will climb to $0.10, Binance Coin (BNB) will reach $500, and Ethereum (ETH) will increase to $2,500. He added to the tweet that these predictions are for the coming months.

CoinMarketCap shows that LINK is trading at $8.22, while FTM and ZIL are trading at $0.2692 and $0.03239 respectively. BNB’s price currently stands at $337.85, and ETH’s price is trading at $1,586.61. All of these altcoins have seen drops in their prices over the last 24 hours.

Disclaimer: The views and opinions as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Crypto Trader Shares His Bullish Predictions for 5 Altcoins appeared first on Coin Edition.

See original on CoinEdition

Crypto Trader Shares His Bullish Predictions for 5 Altcoins
 

Related Articles

Crypto exchange Bitfront shuts down
Crypto exchange Bitfront shuts down By Reuters - Nov 30, 2022 5

(Reuters) - Bitfront, a U.S. crypto exchange backed by Japanese social media firm Line Corp, said it has suspended new sign-ups and credit card payments and will cease operations...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email