Leading cryptocurrency analyst Michaël van de Poppe says a number of main cryptocurrencies are set to see their costs rise multi-fold this cycle.
Van de Poppe predicts the crypto king, Bitcoin (BTC), will attain at least $350,000 and as excessive as $450,000.
He says Ethereum will surpass $10,000 and might attain $17,000 at the high.
The analyst additionally believes Polkadot will witness $250 to $350, Chainlink will see $250 to $350, Cardano will hit $10 to $20, Zilliqa will hit $5 to $7, Elrond will attain $500 to $750 and DIA will land at $50 to $75.
Van de Poppe says some of his predictions may very well be conservative.
With the complete cryptocurrency market cap having fallen by round 30% from the peak recorded earlier this month, van de Poppe laments that some buyers exited their altcoin positions since he believes recovery is imminent.
“Some altcoins are erasing their complete loss of the previous week. Probably we’ll see extra following swimsuit and not using a actual retrace or retest. Leaving the individuals behind that bought at the lows, these are worn out. It’s a tough market…
Selling your altcoins after a 70% crash is the similar as shopping for your altcoins after a 500% rally. It’s the very same mindset. Reverse and you’re a winner of the markets.”
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Disclaimer: Opinions expressed at The Daily Hodl aren’t funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any loses you might incur are your duty. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Daily Hodl an funding advisor. Please notice that The Daily Hodl participates in internet affiliate marketing.
Featured Image: Shutterstock/Tithi Luadthong
