Today, Bitcoin has been fluttering between your $22,000 and $23,000 mark. It has pulled down the global crypto market cap by 1.27% that is now positioned at $1.09 trillion.
Meanwhile, an analyst, Michael van de Poppe, reveals his analysis of the major altcoins to his 621,500 Twitter fanbase.
Cardano (ADA) Analysis
Poppe claims that Cardano, a good contract platform, is defined to witness a cost rally in the times ahead.
He adds that the asset has tested its resistance zone many times and when the altcoin breaks the $0.55 mark it might rally completely toward $0.67.
During writing, Cardano (ADA) is selling at $0.511, with a fall of just one 1.44% during the last 24hrs.
Another altcoin that the analyst discusses is Chainlink, a decentralized Blockchain oracle. According to Van de Poppe, the Chainlink price will plunge towards $8 prior to the price sees a bull run.
The strategist believes that when the Chainlink price sees a pull towards $8 or slightly below, another goal will be a rally towards $12 or $12.50
THE HYPERLINK price might even see a cost range between $13.50 and $15, but also for this to occur, Van de Poppe says the currency should maintain steadily its price at $7.50 and $8.
During reporting, LINK is valued at $8.44, with a pull of just one 1.33% during the last 24hrs.
Another currency in the analysts list is another smart contract platform- Fantom (FTM).
He says that Fantom will probably continue its rally unless it loses its key price movement.
Michael van de Poppe reveals he continues to be long on Fantom (FTM) and predicts the currency to rally towards $0.45 and $0.50, which may happen only when FTM manages to carry to the $0.34 price level.
Currently, FTM is trading at $0.37, having an increase of 2.98% during the last day.
The final currency which has caught the analysts attention is Quant (QNT), the currency that targets multiple blockchains.
Further, Van de Poppe explains that QNT is in an excellent space and the resistance area lies at $140. He advises those seeking to enter that $110 may be the right price to take action.
Quant (QNT) happens to be selling at $120, following a plunge of just one 1.57%