The widely respected crypto-analyst and trader, believes that Ethereum (ETHThe value of the rival company is below its fair market price.
Crypto trader Michaël van de Poppe tells Polkadot is the layer-2 scaling option that X has developed for 722,500 of his followers.DOTETH is expected to continue its upward trajectory.
“DOT is likely going to follow Ethereum in its expansion upwards. This means that the current valuations of Polkadot are extremely low. I expect a lot from the Polkadot ecosystem with all the new segments.”
In his chart he mentions the possibility of bullish divergence on the 3-day chart for DOT, which is when the price chart has a lower lowest low, while the corresponding indicator displays a higher one.
The current price of DOT, $6.20 is down by nearly 2% from the previous 24 hours.
Following the analyst, predicts Bitcoins (BTCIn the short term, the price of ) is expected to consolidate around the $60,000 level.
“Bitcoin did make a retest at $61,000. I expect this to continue consolidating, where I’m assuming that altcoins will have a higher return than Bitcoin.”
According to his chart, Bitcoin is expected to bounce back around $60,000.
Bitcoin has fallen by 1.47% over the last 24 hour to $60,757.
The analyst is also the last person to be considered says Chainlink is a leading Blockchain oracle (LINK) will likely rally against Bitcoin (LINK/BTC) in the near term as it bounces off a trading range low on the weekly chart.
“Pretty significant start for LINK with this weekly candle of +11% on the Bitcoin pair. It’s still the cycle low and likely the bottom during this period of consolidation.”
LINK/BTC trades at 0.0002308 BTC (13.92) as I write this.
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Source: dailyhodl.com