Crypto Analyst Argues Why Bitcoin and Ethereum Are Top Assets, Breaks Down Popular ETH-Based Altcoin
A widely followed crypto analyst is calling Bitcoin (BTC) and Ethereum (ETH) the assets to have for a substantial return on investment (ROI) in the coming years.
Michaël van de Poppe tells his 649,300 Twitter followers that the top two cryptos by market cap are the “assets to look for” in a portfolio for big ROI.
“I would definitely argue that Bitcoin and Ethereum are the assets to look for if you want to have a substantial ROI on your portfolio the coming years.”
Breaking down BTC in particular, Van de Poppe says the king crypto is on its way to $30,000.
“We dropped towards the lower part of the area and previous resistance around $23,300.
Significant bounce from that area for Bitcoin, probably some more consolidation and from there continuation towards $30,000.”
BTC is worth $28,854 at time of writing.
Looking at ETH, worth $1,652 at time of writing, the analyst says ETH’s current price zone is a solid area for long trades.
“Indeed, $1,600 is a great level for longing on Ethereum.
Most likely, the trend will continue from here.”
Van de Poppe also looks at the popular ETH-based blockchain oracle Chainlink (LINK). Van de Poppe says it’s a great sign for the markets that LINK is trading for $7.90 at time of writing, up nearly 9% over the last 24 hours.
“Chainlink the strongest bouncer of the day is actually a great sign.”
The analyst also argues that LINK could be rallying to $10, a near 27% increase from current levels.
“Would be expecting continuation for Chainlink to take place towards $10.
Then it breaks out of a 10-month accumulation period.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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Author: Daily Hodl Staff
