Experts have shared their opinions for these 8 altcoins that can grow this year and are worth keeping in your wallet.
According to the analyst, the huge cycle will begin
According to popular and respected crypto analyst Michael van de Poppe, BTC and ETH are at the beginning of a new huge cycle. Van de Poppe also told his 646,700 followers on Twitter that BTC and ETH prices will be so high over the next few years that their current prices will sound incredible.
Van de Poppe said, “The funny thing is that a few years from now we will be laughing at the current values of BTC and ETH. ETH will be widely adopted as BTC trades above $200,000. We are about to enter a major upward cycle.” said. He also predicts that ETH will soon be trading at $1,450 to $1,600.
cryptocoin.comAs we mentioned, ETH is trading at $1,592 with an increase of 0.6 percent in the last 24 hours.
Analyst’s price predictions for altcoin and BTC
Regarding the leading digital asset (BTC), Van de Poppe said that he will not target any long entries at the current price of BTC.
“BTC failed to overcome the $23,600 level. However, today’s GDP data will determine whether BTC can break through this resistance or continue to trade below its current price. Therefore, I will not be targeting any long entries at this time.”
BTC is trading at $22,968. Meanwhile, the respected crypto analyst also shared information about Fantom (FTM) and Polygon (MATIC). Van de Poppe says both altcoins are currently skyrocketing. In reality, our data shows that FTM is up 15.78 percent in the last seven days and is trading at $0.461, while MATIC is up 10.37 percent over the same period.
Both altcoins are top performers among the top digital assets in the market. With special reference to Aptos (APT), FTM and MATIC, van de Poppe condemned the hypocrisy in the trading psychology displayed by traders. According to him, many traders are now looking for entry points in MATIC, APT and FTM. But the same traders were willing to sell their digital assets last month as crypto winter hit harder. Meanwhile, APT is trading at $5.27 and is up 40.64 percent over the past seven days.
Experts share the reasons for the rise in prices of AAVE, MATIC and DYDX
Analysts at Santiment explained the reasons for the increase in the prices of three altcoins (AAVE, MATIC and DYDX). According to analysts, the large-volume savings of whales are responsible for the rise in the prices of these three digital assets. Analysts added that the whales’ savings have peaked since last month.
🐳 $AAVE (+56% 30d price), $MATIC (+35%), and $DYDX (+94%) have all seen dramatic rises in the amount of whale transactions on their respective networks over the past month. The increased large address interest in these assets should be watched closely. 👀 https://t.co/Hdi43lqiHa pic.twitter.com/4x2oeXsCi3
— Santiment (@santimentfeed) January 27, 2023
AAVE is the governance token of a platform built by Ethereum, while MATIC is the native token of Polygon, an Ethereum Layer-2 scaling solution. Meanwhile, DYDX is the native token of a decentralized exchange (DEX) where users can lend their digital assets and perform crypto transactions in an unreliable environment.
3 other altcoins listed by experts
Cosmos (ATOM)
Compatibility is a big issue for most blockchains when exchanging usable data and cross-chain communications. Because blockchain is definitely tough, developers have only two options: either create a fork of code to build their own chain, or use middleware or middleware systems to solve these problems.
Cosmos focuses on customization and this is how the Cosmos interconnect protocol evolves. The tools it provides make it easy to build decentralized applications on the Cosmos network.
Binance Coin (BNB)
Binance Coin (BNB) is a cryptocurrency created by Binance Exchange, one of the world’s leading crypto exchanges. The main purpose of BNB is to provide users with a discount when they use it to pay trading fees on the exchange. These discounts are available at various levels depending on how much you keep; Holding larger quantities will get you up to 25% higher discount rates.
Additionally, users can earn rewards by participating in events hosted by Binance or staking their tokens into specific projects supported by them, such as DeFi tokens or stablecoins such as USDT or USDC that offer additional returns that can be withdrawn to your wallet balance over time.
Polkadot (DOT)
Polkadot (DOT) is a blockchain project. Polkadot provides compatibility between different blockchains by providing enhancements and its native token is DOT.
When we talk about crypto Polkadot, we should know that we are dealing with a truly innovative project as it aims to be a mesh network. The goal of the project is to facilitate transactions from one blockchain to another while keeping them secure. Token DOT is the perfect complement.
