Michaël van de Poppe, who was right in his LINK price predictions he shared last week, reported 4 more altcoins trading in the opportunity zone. According to the analyst, these coins are trading on an ideal ground for upward movements.
Michaël van de Poppe draws attention to 4 altcoin projects in the new week
The widely followed analyst noted last week that it is a rare opportunity for LINK to be in the $6-9 range. He was right in his guesses. cryptocoin.comAs we reported, LINK price started to rise after the latest news.
In his current analysis, Van de Poppe highlights new opportunities in the Fetch.ai (FET) chart. He says that if FET price surpasses the $0.25 resistance, it will witness strong rallies. According to Poppe, this momentum will help the bulls climb as high as $0.45. The analyst expects the FET rally to continue until the 80% price increase.
XRP
Poppe then pointed to the opportunities in the XRP chart. He said that while he expects the XRP price to drop into new lower zones, bottom prices will be an opportunity. According to their analysis:
The game plan is simple. In this range, I see no reason to take a position. For long positions, I expect a dip to $0.66 and then a rebound to $0.825.
Stellar (XLM)
After the Ripple victory of July 13, XLM price also gained double digits. Van de Poppe awaits critical support before going long on XLM:
I’m heavily involved with around $0.14 for at least the first game plan. (After the Ripple lawsuit) Momentum has increased and will probably stay that way for now.
Phantom (FTM)
One of the names in the middle of the Multichain hack event of July was FTM. That’s why Poppe says he looked at two scenarios before he went bullish:
It’s tough with the latest news. If the markets drop a little more, it may give an opportunity to buy. In case of a sweep, I will buy long positions at $0.19-0.21. Buying back $0.28 here is another trigger.
Phantom founder evaluates Multichain developments
Meanwhile, Fantom founder Andre Cronje said Multichain’s incident was a major setback for the project. The founder stated that the Fantom team was misled about the actual security level of Multichain.
Andre Cronje: Multichain was a big blow, we had a lot of assurances from the team around the server decentralization, access. We are exploring all options at this point, working with relevant organizations to try and recover assets, even using foundation treasury. The foundation…
— Wu Blockchain (@WuBlockchain) July 15, 2023
Cronje also says that he and his team plan to seek solutions that unite all victims of the Multichain hack: “Multichain has been a huge blow. We had many assurances from the team regarding Niz decentralization, access and geolocation distribution. We are exploring all options at this point, working with relevant organizations to recover assets…”
