The widely respected crypto-analyst and trader, believes that Ethereum (ETHRival is priced well below the fair market value.
Crypto trader Michaël van de Poppe tells Polkadot, a layer-2 scaling solution for his 722,500 social media followers (DOTETH could continue to rise.
“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.”
He suggests that DOT could be showing a divergence in the direction of bullishness on his three-day chart. This is a situation where the chart shows a lower price but the indicator shows an even higher one.
The current price of DOT, $6.20 is down by nearly 2% from the previous 24 hours.
Following the analyst, predicts Bitcoin (BTCThe price will likely consolidate near the low $60,000s.
“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.”
The trader predicts that Bitcoin’s price will rise to $60,000 before returning soon to $64,000.
Bitcoin currently trades at $60,757, down 1.47 % in the past 24 hours.
Last but not least, there is the analyst 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 currently trades for 0.0002308 BTC (13.92 USD) as of the time of this writing.
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