Michael Van de Poppe, a prominent crypto analyst and Bitcoin enthusiast, shared his insights on the future trajectory of some currencies. altcoin in space. Cryptocurrency analysts’ predictions highlight a critical moment for investors looking to identify opportunities to buy or sell cryptocurrencies in this dynamic market.
Altcoins are expected to rise in 2024
After the approval of the Spot Bitcoin ETF, Bitcoin experienced a significant rally and broke through the $45,000 price mark. Amid this bullish momentum, the prices of several altcoins rose, including: Ethereum (ETH) and Solana (SOL)we also saw a significant increase.
In a recent post on X (formerly Twitter), Poppe said: revealed Major altcoins to buy and sell in 2024. A cryptocurrency analyst shared a chart showing the historical altcoin movement. Price fluctuations and adjustments It can be Solana, Polygon (MATIC), or Chain Link (LINK).
Poppe revealed that Solana’s consolidation phase appears to have ended, having experienced a significant decline from a peak of over $123 in 2023 to $95.81 at the time of writing. His analysis suggests that Solana is poised for a test of higher timeframe support at $80. expected to soar to new highswhich could reach $140.
The cryptocurrency analyst then presented historical performance charts. Matic, Polygon’s native token.Poppe notes that cryptocurrencies maintain higher time frame support levels with established liquidity and nevertheless predicts a bull market ahead. MATIC’s recent poor performance.
He predicts that MATIC’s next rally could push the price into the $1.25 to $1.50 range. According to CoinMarketCap, MATIC price is currently trading at $0.789, reflecting a 2.39% decline over the past 24 hours.
Bitcoin enthusiasts are also anticipating a significant price increase for Chainlink’s native token. Link. Cryptocurrency analysts have revealed that the cryptocurrency has consistently maintained significant price levels and has upward momentum towards $25. As of this writing, LINK’s price is $14.65, representing an increase of 0.12% in the past 24 hours.
Cryptocurrency performance will be weak in 2024
In his post on X, Poppe revealed a roster of altcoins that are struggling to soar and sustain key resistance levels. Cryptocurrency analysts pointed out that: Ethereum’s recent growth has been slow It had a negative impact on many altcoins, causing further declines.
He mentioned Synthetix (SNX). This is currently declining mainly due to Ethereum’s lagging performance. Additionally, there are Arbitrum (ARB) and Polkadot (DOT), which Poppe predicts will see significant price increases in the future.
Bitcoin enthusiasts said that if ARB can return to price levels around $1.40 and $1.60, there could be more new entrants into more sustainable positions. Poppe then predicts that Polkadot’s price will rise to $15, even though it is currently trading at $6.80.
Cryptocurrency analysts revealed Dot is currently introducing a “Great Weekly Candle” and the previous price correction presents a great opportunity for investors in the ongoing bull market.
Total market cap at $1.57 trillion | Source: Crypto Total Market Cap on Tradingview.com
Featured images from Busha, charts from Tradingview.com
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