The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Top Crypto Analyst Says Traders Putting Too Much Emphasis on The Fed, Names His Top Altcoin Projects

by Daily Hodl Staff
July 27, 2022
in Altcoins

Popular analyst Michaël van de Poppe says traders are likely over-stressing the potential impact that the Federal Open Market Committee (FOMC) will have on crypto markets.

Van de Poppe tells his 619,000 Twitter followers that based on relatively calm action in the markets, those in the space are probably overthinking today’s Fed meeting. 

“Funny though, European stocks are doing relatively well. U.S. stocks consolidating, down a few % since recent high. Bitcoin and crypto down 15%. People within the crypto space are putting way too much value into the FOMC meeting…”

Van de Poppe says that Bitcoin (BTC) could go up if the interest rates increase by less than 100 bps. He says that the flagship cryptocurrency could see new local highs if it breaks out of $21, 600. At time of writing, BTC is trading for $21,102. 

“The markets are correcting and preferred was $21.6K to hold for #Bitcoin.

That’s a crucial breaker now too if it breaks to the upside -> new highs.

Looking at a $20.5K-20.7K area to hold for #Bitcoin going into FOMC tomorrow.

If <100bps -> upwards after.” 

Image
Source: Michaël van de Poppe/Twitter

As for Ethereum (ETH), Van de Poppe says that the second largest crypto asset by market cap’s fate depends on how it reacts at the $1,500 level. At time of writing, ETH is changing hands at $1,510.

“Obvious support level here on Ethereum, which can be played for longs.

Question mark begins at $1,500 area, which should break and flip for continuation, otherwise retest around $1,250 possible.”

Image
Source: Michaël van de Poppe/Twitter

But the crypto analyst says that traders put a lot of emphasis on the Fed.

Van de Poppe says that he will start to accumulating altcoins in preparation for the next bull run. He says that he is putting his money on Cosmos (ATOM), Polygon (MATIC), Avalanche (AVAX), Concordium (CCD) and SKALE (SKL).

“Some projects I’ll be accumulating slowly going into the next bull cycle:

– $ATOM
– $MATIC
– $AVAX
– $CCD
– $SKL

I think this would be the package to get towards 20-60x returns in the next bull cycle. “

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Mirexon/Nikelser Kate

Submit a Press Release

Industry Announcements

  • Venom Foundation Achieves 150,000 TPS in Closed-Network Stress Test, Paving the Way for 2025 Mainnet Upgrade
    May 23, 2025
  • XDC Network’s XVC Tech Announces Investment in Laser Digital Carry Fund, Launches Institutional Fund Infrastructure With Libre
    May 22, 2025
  • Psy Develops First Trustless Bridge From Dogecoin to Solana
    May 22, 2025
  • Mantle and Republic Technologies Forge Strategic Partnership To Pioneer Institutional mETH Integration
    May 22, 2025
  • BTCC Exchange Appoints Dan Liu as CEO Ahead of 14th Anniversary Milestone
    May 21, 2025
  • Bitcoin Suisse Secures In-Principle Approval From ADGM’s Financial Services Regulatory Authority
    May 21, 2025
  • Beer 2.0 – The Memecoin That’s Brewing Something Bigger on Solana
    May 20, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$108,904.18
$108,904.18
0.8%
Ethereum
$2,554.03
$2,554.03
0.98%
BNB
$673.86
$673.86
0.04%
Solana
$176.41
$176.41
2.31%
XRP
$2.35
$2.35
0.85%

Spotlight

  • Bitcoin Cycle Peak Coming Next Year, Says Crypto Analyst Jason Pizzino – Here Are His Targets
    May 17, 2025
  • Here’s How Bitcoin Explodes To Up to $200,000 This Summer, According to BitMEX Founder Arthur Hayes
    May 17, 2025
  • Thousands of Customers’ Names, Addresses, Birthdays and Other Info Leaked in Cyber Attack on Retail Giant: Report
    May 17, 2025
  • Major Bank Handing $4,100,000 To Americans After Allegedly Hammering Thousands of People With Unwanted Phone Calls
    May 17, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl