Renowned crypto analyst Michaël van de Poppe, a figure keenly followed by crypto investors, recently revealed his anticipated altcoin portfolio. The analyst stated that Fantom (FTM), which is seen as a competitor to Ethereum (ETH), the largest altcoin, is primed for a significant uptrend. In addition to this, Van de Poppe provided his current perspectives on three other altcoins he is closely monitoring. Here are the altcoins in the analyst’s portfolio.
Expecting Over 30% Rise in Fantom
Crypto analyst Michaël van de Poppe claims that as long as Fantom trades above $0.30, it will remain in an uptrend. According to Van de Poppe, the main surge for FTM will likely occur once the price surpasses the $0.33 resistance:
FTM appears ready to continue upward. Many short positions look like they will be stopped. If this happens, we can expect the price to hold above $0.30 and potentially rally towards $0.40.
According to data provided by the crypto data platform CoinMarketCap, at the time this article was prepared, FTM was trading at $0.3192, a 0.76% increase in the last 24 hours.
Other 3 Altcoins in Analyst’s Radar
The second altcoin on the analyst’s radar is Fetch.ai (FET), a decentralized machine learning network. Van de Poppe noted that he would wait for FET to surpass the $0.25 resistance before accumulating more of the altcoin, warning of a potential decline if this resistance is not broken: “Breaking the $0.25 resistance is very important, and then it will move to higher levels. If this resistance is not broken, I expect it to drop to $0.14 or $0.17.”
Another altcoin on Van de Poppe’s radar is Arbitrum (ARB), an Ethereum scaling solution. According to the analyst, if ARB climbs above $1.30, it will likely enter an uptrend zone.
The final altcoin in the analyst’s portfolio is Verasity (VRA), a video-sharing blockchain. Van de Poppe noted that VRA needs to overcome the $0.0058 resistance to ignite a significant uptrend:
It appears ready to move upward. First, it needs to break and surpass $0.0058, then $0.01.
