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Altcoins Will Rally Furiously This Summer: Michaël van de Poppe

cryptoknowmics.com 23 April 2021 16:02, UTC
Reading time: ~2 m

Notable cryptocurrency analyst, Michaël van de Poppe believes that altcoins will rally furiously this summer. A reducing Bitcoin dominance is further building on the narrative that each time Bitcoin loses the 50% mark, altcoins will rapidly move in to fill in the opening. At the current time, Bitcoin dominance stands at only 50%.

Altcoin Rally is up for Serious Gains This Summer

Michaël van de Poppe takes to YouTube to say that altcoins could provide traders the opportunity to make serious gains this summer.

He started his altcoin video series by mentioning Litecoin (LTC), saying that the cryptocurrency is currently in an accumulation phase:

“If you’re looking at the bigger picture you can see that we’ve got this accumulation going on here and that’s massive.”

After the accumulation phase, LTC could surge by “3X giving Litecoin a potential value of $1,000.”

#Ethereum chasing the highs in the $BTC pair.

You love to see it.

I do.

It's lovely.#Altsummer is coming up.

— Michaël van de Poppe (@CryptoMichNL) April 21, 2021

Another altcoin that Poppe seems to have in mind is the native token of decentralized oracle network Chainlink (LINK).

In the event that Chainlink breaks above the current resistance levels, the cryptocurrency could more than double its price from the present levels of below $40. He even went far ahead to say that the altcoin has the potential to even touch the $100 mark, saying:

“You can also make the calculation that Chainlink is going to reach a target of potentially even $100 bucks.”

Michaël van de Poppe says Crypto Market Cycle Going to be Massive

Lastly, he sees Stellar Lumens (XLM) set to rally if it breaks through the current resistance zone at around 0.000018 satoshis.

“Stellar Lumens is also facing critical resistance so that if we get another test of this resistance zone we are definitely going to break through that and then we can start seeing acceleration.”

Van de Poppe further suggests that he would not be surprised to see Bitcoin appreciate by about 800% from current levels and Ethereum goes up by around 900% from current prices during this market cycle.

This entire cycle is going to be massive, still.

Watched some interviews with @RaoulGMI today.

Makes me even more bullish. #Bitcoin to $500.000? Yeah, why not.#Ethereum to $25.000? Yeah, why not.

— Michaël van de Poppe (@CryptoMichNL) April 21, 2021

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