- Michaël van de Poppe, a highly regarded crypto analyst, perceives a favorable outlook for Ethereum rival Fantom, predicting it is ready for a substantial upward move.
- Van de Poppe also reviews three additional altcoins – Fetch.ai, Arbitrum, and Verasity, revealing their potential to ignite significant rallies.
In the frenetic arena of cryptocurrencies, Fantom (FTM), a noteworthy contender of Ethereum (ETH), is projected to make a major leap forward, according to esteemed crypto strategist Michaël van de Poppe. Van de Poppe, who commands a Twitter following of over 659,600, has expressed bullish sentiment for Fantom as long as it maintains a trading value above $0.30.
Spotlight on Altcoins
Fantom’s real spectacle, as per Van de Poppe, is likely to unfurl once it overcomes the immediate resistance pegged at $0.33. “Many stops on shorts are ready to be taken, which suggests holding above $0.30 could potentially lead to a continuation towards $0.40,” the analyst articulates. At the time of his comment, FTM was trading at $0.304.
Next on Van de Poppe’s list is Fetch.ai (FET), a decentralized machine-learning network. The expert emphasizes that a break past the resistance at $0.25 is a crucial indicator for the altcoin. If the resistance level is breached, he would be interested in riding the bull trend towards the highs. In contrast, if the trend persists without overcoming this level, he would be eyeing entry points at a lower $0.14 or a reclaimed $0.17. At the point of analysis, FET was being traded for $0.23.
The analyst also pinpoints Arbitrum (ARB), an Ethereum-scaling solution. According to Van de Poppe, a break above $1.30 for ARB is likely to stimulate a bullish market position. At the time of his assessment, ARB was valued at $1.13.
The final digital asset under his scrutiny is the video-sharing blockchain Verasity (VRA). According to Van de Poppe, the resistance at $0.0058 must be breached to trigger a significant rally. He suggests,
“If VRA breaks the $0.0058 mark, then a move towards $0.01 seems plausible.”
These projections by Van de Poppe underline the dynamic and volatile nature of the crypto market, where every shift could either present a potential risk or a golden opportunity for traders and investors.
