Crypto Trader Shares His Bullish Predictions for 5 Altcoins By CoinEdition
© Reuters. Crypto Trader Shares His Bullish Predictions for 5 Altcoins
- Michaël van de Poppe is bullish on LINK, ZIL, FTM, BNB, and ETH.
- BTC’s price rose above the $21k level over the last 24 hours before retracing today.
- All of the altcoins that Michaël van de Poppe is bullish on have dropped in price over the last 24 hours.
Many traders in the crypto space are waiting for the next altcoin season. This anticipation was further heightened by the recent price movements of the crypto market leader, (BTC), which saw its price climb above the $21,000 level. At press time, BTC’s price has retraced slightly by 1.71% to now trade at $20,861.45.
Despite the entire crypto market cap dropping 1.93% over the last 24 hours, according to CoinMarketCap, it still remains above $1 trillion. This is mainly due to the bullish price movements over the last several weeks, with altcoin dominance overpowering that of BTC.
The growing altcoin dominance is suggestive of a near-term bullish rally for altcoins, which will result in an altcoin season. One crypto trader shared his price predictions for some popular altcoins on Twitter yesterday morning.
Targets I think we’ll be seeing in the coming months;– #Bitcoin to $30K– #Chainlink to $15– #Fantom to $0.75-1.00– #Zilliqa to $0.10– #BinanceCoin to $500– #Ethereum to $2,500
— Michaël van de Poppe (@CryptoMichNL) November 6, 2022
According to the crypto trader, Michaël van de Poppe (@CryptoMichNL), Chainlink (LINK) will rise to $15, Fantom (FTM) will enter the range between $0.75 and $1, Zilliqa (ZIL) will climb to $0.10, (BNB) will reach $500, and (ETH) will increase to $2,500. He added to the tweet that these predictions are for the coming months.
CoinMarketCap shows that LINK is trading at $8.22, while FTM and ZIL are trading at $0.2692 and $0.03239 respectively. BNB’s price currently stands at $337.85, and ETH’s price is trading at $1,586.61. All of these altcoins have seen drops in their prices over the last 24 hours.
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