Crypto Analyst Argues Why Bitcoin and Ethereum Are Top Assets, Breaks Down Popular ETH-Based Altcoins
A widely followed cryptoanalyst is calling Bitcoin (BTC) and Ethereum (ETH) the assets that should have a significant return on investment (ROI) in the coming years.
Michael van de Poppe says his 649,300 Twitter followers that the top two cryptos by market cap are the “assets to look for” in a portfolio for big returns.
“I would definitely argue that Bitcoin and Ethereum are the assets to look for if you want a significant return on your portfolio in the coming years.”
Breaking down BTC in particular, Van de Poppe says the royal crypt is on its way to $30,000.
“We fell towards the lower end of the range and previous resistance around $23,300.
Significant bounce from that area for Bitcoin, likely some more consolidation and from there continuation towards $30,000.”
BTC is worth $28,854 at the time of writing.
Looking at ETH, worth $1,652 at the time of writing, the analyst said says ETH’s current price zone is a solid area for long trades.
“Really, $1600 is a great level for longing on Ethereum.
Most likely, the trend will continue from here.”
Van de Poppe is also looking at the popular ETH-based blockchain oracle Chainlink (LINK). Van de Poppe says it is a good sign for the markets that LINK is trading at $7.90 at the time of writing, up almost 9% in the last 24 hours.
“Chainlink, today’s strongest gatekeeper is actually a good sign.”
The analyst too argues that LINK could rise to $10, an increase of almost 27% from the current level.
“Would expect continuation for Chainlink to take place towards $10.
Then it breaks out of a 10-month accumulation period.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/Invectus
