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Michael van de Poppe spoke about the prospects of LINK, MANA and RUNE and urged investors to buy.
What happened? Cryptanalyst Michael van de Poppe spoke about the probability of growth in the rates of three altcoins: Chainlink (LINK), Decentraland (MANA) and THORChain (RUNE). He urged to buy assets as soon as possible and told more about each of them on Twitter.
Analyst about LINK. According to van de Poppe, chainlink’s decentralized oracle network token is potentially poised for a rebound after losing more than 86% of its value from an all-time high of $53 reached in 2021. The analyst noted that since then, the asset is still experiencing a large-scale correction. It assumes a breakthrough in the price of the altcoin, for which it must overcome the mark of $ 7.50. “If this happens, I think we will see $ 9 and, possibly, $ 10,” the expert said.
As of May 24, 4:20 p.m., LINK is trading at $6.95, according to Binance.
Analyst about MANA. The rate of the altcoin of the virtual reality platform Decentraland, according to van de Poppe, should overcome the initial resistance at $ 1.12, which will be followed by growth to $ 1.4. He called the key support levels $0.99 and $1.04.
As of May 24, 16:20, MANA is trading at $1.02.
Analyst about RUNE. According to van de Poppe, the platform’s token for secure asset transfer between blockchains THORChain should remain above the support level of $ 2.90 in order to have a chance of growth to $ 3.28.
As of May 24 at 4:20 p.m., RUNE is trading at $2.99.
What events have happened before? On May 21, van de Poppe said that he considers Polygon (MATIC), Zilliqa (ZIL) and XCAD Network (XCAD) the most promising low-cap altcoins. In his opinion, these tokens have a chance to grow in price.
On May 17, Michael van de Poppe came to the conclusion that the rates of chainlink (LINK), VeChain (VET) and Verasity (VRA) cryptocurrencies may grow in the near future.
On May 9, Michael van de Poppe named the five most profitable cryptocurrencies in terms of risk-reward ratio. These included Cardano (ADA), Chainlink (LINK), Curve DAO (CRV), SKALE (SKL) and VeChain (VET).
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