A well-regarded crypto strategist reveals his high altcoin picks amid the crypto pullback, which embody Ethereum (ETH) and three of his challengers.
Michael van de Poppe told his 611,800 Twitter followers that he’s positioned for main rallies in sensible contract platforms Ethereum, Cardano (ADA), Avalanche (AVAX) and Fantom (FTM) and blockchain scaling resolution Polygon (MATIC).
“I purchased about 1.1 million FTM tokens for about $0.21-$0.22 for about $245,000. Have extra longs on ETH, ADA, MATIC, AVAX totaling round $650ok in longs.
Able to promote for 30-150% revenue. All of them are literally already positions and occupied.”
Van de Poppe says it can exit its FTM place if Fantom falls under $0.175.
On the time of writing, FTM is buying and selling at $0.214, down over 8% over the previous 24 hours, however nonetheless over 18% above Van de Poppe’s invalidity level.
The crypto strategist additionally shares a chart from Fetch.ai (FET), a platform that goals to carry collectively applied sciences like machine studying, synthetic intelligence and blockchain, as an instance why he’s bullish on altcoins.
“Posted this one on FET [Fetch.ai] some time in the past however just about sums up my view on altcoins total.”
Contemplating Ethereum, Van de Poppe says ETH buying and selling under $1,000 is a large alternative for bulls.
«A 3-digit ETH can also be a novel alternative.»
On the time of writing, ETH is altering palms at $957, down over 10% over the previous day.
He additionally says He stays bullish on crypto regardless of one other spherical of pullbacks prior to now 24 hours.
“Weekend strikes are often fakeouts. I nonetheless choose longs over shorts. Prepared for them wins!”
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Featured Picture: Shutterstock/studiostoks and Kundra
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