Trader Calls One Ethereum-Based Crypto Asset the ‘Opportunity of a Lifetime,’ Says Altcoins May Erupt if Bitcoin Consolidates
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.
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Featured Image: Shutterstock/Salamahin,/A.Dina