Popular crypto analyst and trader Michaël van de Poppe has shared what he thinks next for altcoins like ADA, SXP, AVAX, ATOM, ONE, LINK, RSR in his latest YouTube video.
<h2><strong>ADA, SXP, AVAX: Crypto Market Update</strong></h2>
In his latest YouTube <a href="https://www.youtube.com/watch?v=iePnAg-Zegc" target="_blank" rel="nofollow noopener">upload</a> released on May 31, notable crypto analyst <a href="https://www.cryptoknowmics.com/news/altcoins-will-rally-furiously-this-summer-analyst/">Michaël van de Poppe</a> started his video saying Cardano (ADA) has the potential to surge to $5 next.

According to him, the next target for ADA is in the $3.35 level, before a potential surge to $5.

https://twitter.com/CryptoMichNL/status/1398991332656304131

The next altcoin that Van de Poppe has got his eye on is SXP, the <a href="https://www.cryptoknowmics.com/news/maker-mkr-and-swipe-sxp-technical-analysis-what-to-expect/">native token</a> on crypto wallet Swipe.

According to him, a bullish breakout could be established once SXP breaks above the 100-day moving average (MA) against Bitcoin (SXP/BTC).

Unlike other cryptocurrencies, Swipe isn’t just a protocol powered by a distributed network but is both a software and a digital wallet ecosystem designed to allow users to buy and spend fiat money and cryptocurrencies at physical and digital locations.

https://twitter.com/CryptoMichNL/status/1398968590133600256

The next altcoin on Van de Poppe’s list is the smart contract platform Avalanche against Bitcoin (AVAX/BTC). He notes that the trading pairs did "get crushed" compared to other altcoins during the recent crypto market wipeout.

If AVAX/BTC can break above the 0.00061 area, which is about a 22% move from its current value of 0.00049 he says the coin can continue its bullish momentum.

Avalanche is a decentralized smart contract framework intended to be a massively scalable ecosystem to provide speedier transactions while charging fractions of a cent in transaction fees.

https://twitter.com/CryptoMichNL/status/1399013981482799105
<h2><strong>ATOM, ONE, LINK, RSR: Crypto Market Update</strong></h2>
The trader next comments on interoperable blockchain protocol <a href="https://www.cryptoknowmics.com/news/atom-technical-analysis-may-soon-fall-upto-the-first-resistance-level-below-fibonacci-pivot-point-of-2633/">Cosmos (ATOM)</a> saying the native asset might continue its bullish momentum against Bitcoin once it breaks the 200-day moving average, currently around 0.0004.

Cosmos is a network of blockchain networks that allows separate blockchains to communicate with each other in a seamless manner.

https://twitter.com/CryptoMichNL/status/1399063306627915776

He also goes on to say that ONE, the native token on Harmony has the potential to surge to new highs if ONE/BTC can hold the critical level of 200 satoshis or 0.000002.

Harmony positions itself as a fast and secured platform for decentralized applications as designed to solve crucial problems in Ethereum like high fees, slow transaction speeds, and scalability issues.

https://twitter.com/CryptoMichNL/status/1399123200902983681

In terms of <a href="https://www.cryptoknowmics.com/news/chainlink-price-prediction-2021-2025-is-link-set-to-reach-100-by-2021/">Chainlink</a> (LINK/BTC) trading pairs, the analyst notes that LINK against BTC did manage to climb above the crucial moving averages and if it manages to hold could potentially rally by over 42% from its current price of 0.00083 to 0.00118.

Chainlink is a decentralized oracle network and cryptocurrency that provides real-world data to blockchains.

https://twitter.com/CryptoMichNL/status/1399164976711946241

Lastly, Van de Poppe’s analyses on RSR, the native token on stablecoin platform Reserve Rights. According to him, RSR/BTC could go for a 70% rally from 0.00000088 to 0.0000015 to test the next major resistance area.

The Reserve Right Token is the governance and utility token for Reserve, a stable coin designed on the Ethereum network.

https://twitter.com/CryptoMichNL/status/1399195930226683911

ADA, SXP, AVAX, ATOM, ONE, LINK, RSR: Crypto Market Update

Popular crypto analyst and trader Michaël van de Poppe shares what he thinks next for altcoins market be like ADA, SXP, AVAX, ATOM, ONE, LINK, RSR.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

ADA, SXP, AVAX, ATOM, ONE, LINK, RSR: Crypto Market Update

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