The day started with a bullish outlook as it saw a bull run including LINK and other altcoins. This has resulted in a 1.27% increase in global crypto market cap over the past 24 hours. cryptocoin.comWe have compiled these 8 altcoins for you.
LINK and DOT at the top of the list
In a recent video for his 163,000 Youtube subscribers, Michael van de Poppe predicts Chainlink will drop by about 20% from around $4.50 to $5. However, he believes this drop will be short-lived and Chainlink will see a relief rally around $17 once it forms a drop. Currently, LINK is selling at $5.77, up 1.73% in the last 24 hours.
The analyst also mentions Polkadot in his video and states that he has already entered a charity rally. He predicts Polkadot will increase 432% to reach the $16-24$ target. The analyst is confident that Polkadot will experience significant bullish momentum in the near future. Currently, Polkadot is trading at $4.64, up 2.47% in the last 24 hours.
Cosmos and Binance Coin
The analyst also believes that Cosmos will continue its current bull rally. According to Van de Poppe, Cosmos will easily reach its $35 target once it rises above $25.97. He states that a similar pattern was observed in 2019 and 2020. At the time of publication, Cosmos has gained 0.97% in the last 24 hours and is currently trading at $10.22.
The analyst also mentions Binance’s native currency, BNB. He predicts that BNB is currently trading at a support level of $233 and if Bitcoin continues its upward momentum, BNB will rise to $400. However, Van de Poppe believes that BNB will remain strong even if there are negative trends in the market. Currently, BNB is valued at $254 after a 3.53% increase in the past day.
SKALE and Near Protocol
Analysts’ SKALE analysis predicts a strong bull run if it crosses $0.025. He predicts that SKALE will reach its $0.200 target if the bullish momentum is sustained. Currently, SKALE is trading at $0.0222 after up 4.81% in the last 24 hours.
NEAR seems to be heading in a good direction in the new year. With regard to ecosystem formation, the NEAR Foundation said it will improve its approach to fundraising for builders to ensure productivity and sustainability. While NEAR has hit a very impressive growth milestone so far this year, it has seen a significant drop from its $20.42 ATH reached in January last year. Following its latest momentum, you can expect NEAR to steadily surpass key resistances on its way to reclaim these price points. This is a move that will surely be developed by its historically high-profile partnerships.
Litecoin and Solana
A closely followed crypto analyst says it may be time to keep an eye on the peer-to-peer payments network Litecoin (LTC). The analyst says that LTC has previously formed a structural pattern that has signaled bottoms and reversals. The chart by Cantering Clark shows LTC bounced off a support level near $71.
Last week, the popular analyst said that Ethereum’s rival Solana (SOL) is showing bottom signs. The analyst said the market could be a bit crowded here. “I think my own interpretation of demanding another 50% drop with everyone else demanding $3 could be a sign that this thing is totally one-sided and potentially bottoming out in the near future.” said. So far, the crypto analyst’s call regarding Solana has proven correct. SOL is trading at $13.48, over 62% from its low of $8.30 at the time of writing.