Widely-followed trader and crypto strategist Michaël van de Poppe is unveiling his list of top five crypto assets to watch this year.
In a tweet, Van de Poppe tells his audience of 110,300 that expects the incoming altcoin season to be larger than what investors can possibly imagine.
[adinserter block="1"]“I’ve been checking some of those weekly charts on altcoins. But my god, this is going to be such a massive year, I think we can’t even imagine how big it will be.”
Looking at the market capitalization of all crypto assets, the trader believes that it will correct and retest support at $730 billion before skyrocketing above the trillion-dollar mark.
“The total market capitalization of crypto is looking great here. A retest of the all-time high of 2017 seems likely to occur, but all we also know is the following: The 2017 bubble will look like a small bump on the ride. This cycle is just starting.”
Amid the trader’s rosy outlook, he says he’s keeping a close watch on Polkadot (DOT) and looking at levels where investors can buy on dips.
[adinserter block="1"]“We do see these retests at $15. That was one of the levels I discussed. Another one is this $13-level which is lower timeframes and then we’ve got this area around $10.50.”
Van de Poppe expects the next leg of the bull run to catapult DOT to his targets at $25, $29, and $45.
In addition to Polkadot, the analyst says he’s also bullish on smart contract platform Cardano (ADA), blockchain for enterprise solutions Zilliqa (ZIL), hybrid blockchain platform ICON (ICX), high throughput blockchain Elrond (EGLD), and interoperable blockchain network Cosmos (ATOM).
Another coin that’s on Van de Poppe’s radar is Celer Network (CELR). He says the layer-two scaling platform can potentially rise to $0.035, representing an upside potential of 400% from its current value of $0.007.
The last batch of coins on Van de Poppe’s watchlist are oracles. He says that while Chainlink (LINK) leads the pack, others such as API3 and DIA have more room to grow due to their relative small market share.
“Chainlink itself has a very big market share of the oracle niche. Other oracles are just starting up their first cycle. One of them is API3. Just got listed. Other one that is still waking up is DIA.”
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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 assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/77Icaros
