A widely followed analyst and trader is expressing optimistic sentiment about a handful of crypto assets amid a market recovery.
Crypto analyst Michael van de Poppe tells his 658,400 Twitter followers that various digital assets on his radar could rise by between 26% and more than 400%.
Starting with Avalanche (AVAX), Van de Poppe says the Ethereum (ETH) rival could explode by between 329% and 407% to reach a high between USD 55 and USD 65 before a correction sets in.
Avalanche is trading at USD 12.81 at the time of writing.
Turning to Bitcoin (BTC), the analyst says the flagship crypto asset could end at around $38,000 to $42,000 before being corrected.
Bitcoin is trading at $29,989 at the time of writing.
On Litecoin (LTC) and Chainlink (LINK), Van de Poppe says his price target for the peer-to-peer payment protocol is between $220 and $260, while his upside target for the decentralized oracle network is between $18 and $22.
Litecoin is trading at $86.96 at the time of writing, while Chainlink changes hands at $5.86.
The much-followed crypto analyst also says he is targeting Ethereum to reach a price between $2,700 and $3,000, while Cosmos (ATOM) could rise to between $25 and $35.
Ethereum and Cosmos Hub are trading at $1,881 and $9.09 respectively at the time of writing.
From the Poppe further tells 162,000 subscribers to his YouTube channel that the crypto market could enter a bullish run that could last more than a year if a spot Bitcoin exchange-traded fund (ETF) gets the go-ahead.
“In 2003, a gold ETF was launched. Then gold went 5x.
So we know clearly, clearly that if the [Bitcoin] ETF will be confirmed, one of those, probably all of them that signed up and accepted, you’re super confident that we’ll have the grand cycle in this case probably peaking in 2025.
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