Key Points:
- Michaël van de Poppe informs that the Ethereum scaling solution Polygon (MATIC) is expected to offer a 60% gain if the proper entry price is around $1.
- AVAX bulls should wait for a dip to a demand level at $17.50 before getting long on the smart contract protocol.
- VRA appears to be very strong, bulls should wait for a 40% decline down to $0.004.
According to a cryptocurrency analyst who is frequently followed, Polygon, one altcoin functioning on the Ethereum (ETH) blockchain is already operational, and three other digital assets have received updates.
Michaël van de Poppe informs that the Ethereum scaling solution Polygon (MATIC) is expected to offer a 60% gain if the proper entry price is around $1.
According to his prediction, it looks ready to break upwards significantly and would be interested in buying around $1 for a retest and then it could run towards $1.60 quite easily.
Avalanche, an Ethereum competitor, is also on the analyst’s radar (AVAX). Van de Poppe believes that AVAX bulls should wait for a dip to a demand level at $17.50 before getting long on the smart contract protocol.
Same point here. We could be looking at a case of continuation, but you’d definitely don’t want to chase the trade. Entries around $17.50 are doable.
Injective, a decentralized exchange mechanism, is next on the trader’s radar (INJ). Van de Poppe believes INJ, which has already gained around 40% in the last seven days, would not provide any workable possibilities until it corrects to $2.30 or $2.08 for longer-term trades.
I’d be interested for a bounce play at $2.30 and for swing plays at $2.08.
He tweeted
Finally, Van de Poppe examines Verasity (VRA), an Ethereum-based altcoin aimed at the e-sports, gaming, non-fungible token (NFT), and video industries. He believes that, while VRA appears to be very strong, bulls should wait for a 40% decline down to the $0.004 region before entering a trade.
This one looks strong and made a massive 250% run already. Through that, I’d be patient on entering honestly. You’d be interested once a correction takes place towards $0.004. That’s the region for me before a new expansion upwards happens.
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