AAVE and these 3 altcoins will go ‘through the roof’
- Respected crypto analyst van de Poppe shares price predictions for BTC, ETH, FTM, and MATIC, revealing his long and short entry strategies.
- Santiment data reveals that whales’ massive accumulations have been responsible for the rise in the prices of AAVE, MATIC, and DYDX.
According to a popular and respected crypto analyst, Michael van de Poppe, BTC, and ETH are at the start of a new massive cycle. Van de Poppe further told his 646,700 followers on Twitter that the prices of BTC and ETH would be so high in the next few years that their current prices would sound unbelievable.
“The funny thing is that we’ll laugh at the present valuations of BTC and ETH a few years from now. BTC would be trading at over $200,000, while there would be huge adoption of ETH. We are about to embark on a huge bullish cycle.” Van de Poppe predicts that ETH will soon trade around the $1,450 to $1,600 level.
ETH currently trades around its crucial support. So a bounce is likely, and I would target the $1,600 level to make a short entry or $1,450 to make a long entry.
Our data shows ETH currently trades at $1,578, down 1.6 percent in the last 24 hours.
Van de Poppe’s price predictions for BTC and two altcoins
Regarding the leading digital asset (BTC), van de Poppe said he wouldn’t target any long entry at BTC’s current price.
BTC has been unable to overcome the $23,600 level. However, today’s GDP data will determine whether BTC will overcome this resistance or continue to trade below its current price. Hence, I won’t target any long entry at the moment.
At the time of writing, BTC trades at $22,968. Meanwhile, the respected crypto analyst also shared insights about fantom (FTM) and Polygon (MATIC). Van de Poppe says both altcoins are blasting through the roof right now. In truth, our data shows that FTM is up 15.78 percent in the last seven days and trades at $0.461, while MATIC is up 10.37 percent within the same period.
Both altcoins are the best performers among the top digital assets in the market. With particular reference to Aptos (APT), FTM, and MATIC, van de Poppe condemned the hypocrisies in trading psychologies exhibited by traders. According to him, many traders are now seeking entry points in MATIC, APT, and FTM.
However, these same traders were willing to sell their digital assets last month as the crypto winter hit harder. Meanwhile, APT trades at $5.27 and is up 40.64 percent in the last seven days.
Santiment analysts share reasons for the rise in prices of AAVE, MATIC, and DYDX
Meanwhile, analysts at an on-chain analytics firm, Santiment, have revealed reasons for the surge in the prices of three altcoins (AAVE, MATIC, and DYDX). According to the analysts, large volume accumulations by whales have been responsible for the rise in the prices of these three digital assets. The analysts added that the whales’ accumulations have peaked since last month.
AAVE is the governance token of an Ethereum-built platform, while MATIC is the native token of the Polygon, an Ethereum layer-2 scaling solution. Meanwhile, DYDX is the native token of a decentralized exchange (DEX) where users can lend their digital assets and perform crypto transactions in a trustless environment.
🐳 $AAVE (+56% 30d price), $MATIC (+35%), and $DYDX (+94%) have all seen dramatic rises in the amount of whale transactions on their respective networks over the past month. The increased large address interest in these assets should be watched closely. 👀 https://t.co/Hdi43lqiHa pic.twitter.com/4x2oeXsCi3
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— Santiment (@santimentfeed) January 27, 2023
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