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A top expert in the cryptocurrency market, Michael van de Poppe, recently shared his updated analysis on a range of leading cryptocurrencies, including Bitcoin, Ethereum, and several prominent altcoins.
Bitcoin and Ethereum
As the most well-known and largest cryptocurrency by market cap, Bitcoin remains a focal point for investors and traders. Both BTC and ETH have been performing quite nicely recently and are currently valued at $28,982 and $2,096 respectively.
According to van de Poppe, Bitcoin’s price could rise to a range of $38,000 to $42,000 before experiencing a correction. The analyst predicts that Ethereum’s price could climb to a range of $2,700 to $3,000 before a potential pullback.
Altcoins in Focus
Van de Poppe’s analysis also covers several popular altcoins. He forecasts that Chainlink, a decentralized oracle network, could see its price surge to $18 to $22 before a correction occurs. LINK is worth $8.03 at press time.
Avalanche, an open-source, proof-of-stake blockchain with smart contract functionality, is also in the analyst’s sights. He predicts that Avalanche could reach a price range of $55 to $65 in the short term. The crypto is worth $20.46 right now.
Litecoin (LTC), a long-standing cryptocurrency often referred to as the “silver” to Bitcoin’s “gold,” is also expected to experience an uptrend. Van de Poppe believes Litecoin’s price could soar to $220 to $260 before a correction takes place. LTC was worth $98.78 at the time of writing.
Cosmos, a project that aims to create an interconnected ecosystem of blockchains, is another cryptocurrency that has caught the expert’s attention. Van de Poppe predicts that Cosmos could see its price rise to $25 to $35 before a potential pullback. The token is now valued at $12.59.