Analyst Says One Ethereum Rival To Explode by Over 300%, Updates Outlook on Bitcoin, Litecoin and Chainlink
A widely followed analyst and trader is expressing bullish sentiment on a handful of crypto assets amid a market recovery.
Crypto analyst Michaël van de Poppe tells his 658,400 Twitter followers that several digital assets on his radar could surge by between 26% and over 400%.
Starting with Avalanche (AVAX), Van de Poppe says that the Ethereum (ETH) rival could explode by between 329% to 407% to reach a high of between $55 and $65 before a correction starts.
Avalanche is trading at $12.81 at time of writing.
Turning to Bitcoin (BTC), the analyst says that the flagship crypto asset could top out at around $38,000 to $42,000 before correcting.
Bitcoin is trading at $29,989 at time of writing.
On Litecoin (LTC) and Chainlink (LINK), Van de Poppe says his price target for the peer-to-peer payments protocol is between $220 and $260 while his upside target for the decentralized oracle network is between $18 and $22.
Litecoin is trading at $86.96 at time of writing while Chainlink is changing hands at $5.86.
The widely followed crypto analyst also says that he is targeting Ethereum to reach a price of between $2,700 and $3,000 while Cosmos (ATOM) could rise to between $25 to $35.
Ethereum and Cosmos Hub are trading at $1,881 and $9.09, respectively, at time of writing.
Van de Poppe further tells 162,000 subscribers of his YouTube channel that the crypto market could enter a bullish run that could last for over a year if a spot Bitcoin exchange-traded fund (ETF) is greenlighted.
“In 2003, a gold ETF was launched. After that gold went 5x.
So we clearly, clearly know that if the [Bitcoin] ETF is going to be confirmed, any of those, probably all of them who applied and accepted, you are super sure that we’re going to have the big cycle in this case, probably peaking in 2025.”
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