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Altcoin

Thunderous Rally for Cosmos-Based Altcoin Is Not Over Yet, According to Top Analyst Michaël van de Poppe

A number one crypto analyst says the booming rally of Cosmos (ATOM)-based altcoin THORChain (RUNE) isn’t completed making some noise.

THORChain has been on a tear for the final month, rising 147% from $4.85 on March 1 to $11.99 at time of writing.

Despite RUNE’s unbelievable beneficial properties, main crypto analyst Michaël van de Poppe tells his 579,500 followers in a tweet that THORChain nonetheless has some fuel within the tank.

“I think we’re going to see a continuation towards $14.50-15 on RUNE here.”

Source: CryptoMichNL/Twitter

In basic, the analyst says altcoins like RUNE are overdue for the subsequent bullish cycle, which he thinks can be even heavier than the bull cycle in 2021.

“Altcoins had a year-long bear market. Most of them. I believe they’re accomplished with that and we’re shut to a brand new cycle…

One factor is bound, 2021 cycle was crazier than 2017 by way of dimension and progress of adoption. Next one can be heavier.”

Moving on to layer-2 scaling resolution altcoin Polygon (MATIC), the analyst says MATIC might drop a bit earlier than rebounding.

“I’m still potentially looking at this level for MATIC.”

Source: CryptoMichNL/Twitter

Looking at enterprise-solutions blockchain VeChain (VET), the analyst believes the altcoin’s bullish divergence is sort of full, which might set off one other leg up for VET.

“Tweeted about VET earlier and the reclaim happened. Since then, run of around 20%, which is great. Bullish divergence also completing here.”

Source: CryptoMichNL/Twitter

Finally, Van de Poppe charts high-throughput blockchain Zilliqa (ZIL), up 20% within the final 24 hours. The analyst warns merchants to keep away from chasing the asset up 340% previously month alone.

“Shared this one earlier, by which it was on greater timeframe assist.

Now it’s up 500%, Zilliqa. Wouldn’t rush right into a place right here in any respect. A correction will come and is inevitable. Don’t chase hype.”

Source: CryptoMichNL/Twitter

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Featured Image: Shutterstock/Kumer Oksana/Piotr Gortat

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