The global crypto market cap has dropped 1.82 percent in the past 24 hours, according to data from CoinMarketCap. Despite this, the total cryptocurrency market cap continues to hold its position above $1 trillion. Crypto analyst Michaël van de Poppe shared on Twitter altcoin projects that offer opportunities other than Bitcoin. According to the analyst, Cardano’s ADA offers a great long-term buying opportunity. cryptocoin.comas, we convey the altcoins in the list of the analyst whose opinions we have included.
These altcoins offer more opportunities than Bitcoin (BTC)
Crypto analyst Michaël van de Poppe (CryptoMichNL) shared his technical analysis for QNT last night. According to the analyst, there is a potential rise in the market on behalf of QNT. Quant (QNT) has increased by 4.57 percent in the last 24 hours. It is currently trading at $168.67. Also, looking at QNT price, it gained 5.06 percent and 6.09 percent against Bitcoin and Ethereum, respectively.
QNT price currently continues to trade close to the previous bullish support. However, two scenarios remain for the altcoin. The price of the first option QNT will either rise again or fall to $140 from where the next rise will take place.
Chainlink (LINK)
The price of LINK is trading at $ 8.11 after gaining 7.23 percent in 24 hours. LINK also gained 4.28% and 5.35% strength against Bitcoin and ETH, respectively. According to Poppe, the current Risk/Reward Ratio that traders should adopt long on LINK is around 4.04 percent.
The ultimate target for long in altcoin is stated as 26.23%.
Reserve Rights (RSR)
Reserve Rights (RSR) continues to trade at $0.006352. RSR failed to catch up with the trend seen in LINK and QNT as it has dropped 1.96 percent in the last 24 hours. Also, its price is down 1.59 percent and 0.54 percent against BTC and ETH, respectively. The analyst suggests entering long at $0.0055 or once the RSR turns the resistance zone at $0.007 support. Looking at the current drop of the RSR over the last 24 hours, he states that it might be good to wait for the altcoin to drop to $0.0055.
Cardano (ADA)
ADA is trading at $0.4101 after its price has dropped 0.74% in the past 24 hours. ADA price was weak against Bitcoin and Ethereum by 2.48% and 1.34%, respectively. The crypto analyst believes there is a great long-term buying opportunity for ADA investors. He states that the current price of ADA may decline to lower levels for the current bear market.
Tornado Cash (TORN)
TORN can be seen as a good opportunity, seeing a rise in liquidity 2-3 weeks ago. The analyst states that it will not be able to reach the level it reached after the rise again in the short term. Looking at the weekly chart for TORN, it is likely to find lower lows in the weeks to follow.
The TORN price is currently trading at $6.25.
THORChain (RUNE) is at the bottom of the list of altcoins that offer opportunities other than Bitcoin
RUNE has managed to maintain its low on its weekly chart. After these levels, it entered a week-long consolidation. Investors have not yet seized the liquidity to the upside.
According to the analyst, RUNE offers a short-term bullish opportunity to around 1W 7 SMMA.
