Top Analyst says what altcoins he is supporting those Three Ethereum Challengers

Crypto strategist Michaël van de Poppe said he plans to accumulate a large number of altcoins, including three Ethereum (ETH) competitors.

Listen to this article

Top Analyst says what altcoins he is supporting those Three Ethereum Challengers

Van de Poppe told his 636,300 Twitter followers that he has set his sights on the decentralized Oracle Network Link Chain (LINK), as well as XCAD, the native asset of the irreplaceable token market. (NFT) XCAD Network and Skale (SKL), a blockchain network designed to allow developers to create and deliver decentralized chains that are fully compatible with Ethereum.

Van de Poppe said he is also targeting Ethereum rivals Elrond (EGLD) and Concordium (CCD).

Taking a closer look at Concordium, Van de Poppe highlights that enterprise-grade blockchain is moving beyond its target market, which he says could provide "rich" growth opportunities.

"Although [Concordium] targets businesses first, it is currently looking to attract many projects and users across industries, including DeFi (decentralized finance), games, and metaverse." 

The crypto analyst is also looking at Quant interactive blockchain technology (QNT) for potential exchanges. According to Van de Poppe, QNT is currently in a correction phase, which could be reversed if the altcoin turns resistance around $177.8 into support.

“We are in a downtrend in this particular time frame. It is important to break this downtrend and this can happen by reaching the resistance area at $176-178. If we can flip this area for support, we are likely to retest another $191.6 level. If we hold the temporary bearish momentum, we could test $159.”

Source: EightGlobal

At the time of writing, QNT is changing hands for $174.

Oct 24, 2022

5 0