Today, Bitcoin has been fluttering between the $22,000 and $23,000 mark. This has pulled down the global crypto market cap by 1.27% which 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 smart contract platform, is set to witness a price rally in the days to come.
He adds that the asset has tested its resistance zone several times and if the altcoin breaks the $0.55 mark it could rally all the way toward $0.67.
At the time of writing, Cardano (ADA) is selling at $0.511, with a fall of 1.44% over the last 24hrs.
The next altcoin that the analyst talks about is Chainlink, a decentralized Blockchain oracle. As per Van de Poppe, the Chainlink price will plunge towards $8 before the price sees a bull run.
The strategist believes that if the Chainlink price sees a pull towards $8 or slightly below, the next goal would be a rally towards $12 or $12.50
The LINK price could even see a price range between $13.50 and $15, but for this to happen, Van de Poppe says the currency should maintain its price at $7.50 and $8.
At the time of reporting, LINK is valued at $8.44, with a pull of 1.33% over the last 24hrs.
The next currency in the analyst’s list is another smart contract platform- Fantom (FTM).
He says that Fantom is likely to continue its rally unless it loses its key price movement.
Michael van de Poppe reveals that he is still long on Fantom (FTM) and predicts the currency to rally towards $0.45 and $0.50, which would happen only if FTM manages to hold on to the $0.34 price level.
Currently, FTM is trading at $0.37, with an increase of 2.98% over the last day.
The last currency that has caught the analyst’s attention is Quant (QNT), the currency that targets multiple blockchains.
Further, Van de Poppe explains that QNT is in a good space and the resistance area lies at $140. He advises those looking to enter that $110 is the right price to do so.
Quant (QNT) is currently selling at $120, after a plunge of 1.57%