In the midst of the crypto bear market, a well-known crypto strategist is revealing his top cryptocurrency selections, which include Ethereum (ETH) and three of its competitors.
Michaal van de Poppe informs his 611,800 Twitter followers that smart contract platforms Ethereum, Cardano (ADA), Avalanche (AVAX), and Fantom (FTM), as well as blockchain scaling solution Polygon, are poised for massive rallies (MATIC).
“I’ve bought approximately 1.1 million FTM tokens around $0.21-$0.22 for around $245,000. Got some more longs on ETH, ADA, MATIC, AVAX totalling around $650,000 in longs.
Ready to sell for 30-150% profits. All are actually already positions and filled.”
Van de Poppe has stated that if Fantom falls below $0.175, he will sell his FTM holding.
FTM is currently trading at $0.214, down more than 8% in the last 24 hours but still more than 18% over Van de Poppe’s invalidation point.
To demonstrate why he’s positive on altcoins, the crypto analyst shows a chart of Fetch.ai (FET), a platform that promises to bring together technologies such as machine learning, artificial intelligence, and blockchain.
“Posted this one on FET [Fetch.ai] a while ago, but pretty much sums up my view on altcoins overall.”
When it comes to Ethereum, Van de Poppe believes that ETH selling below $1,000 represents a huge chance for bulls.
Triple-digit ETH is also a chance of a lifetime.“
At the time of writing, ETH is trading for $957, down more than 10% in the last day.
Despite another round of decline in the previous 24 hours, he says he remains bullish on crypto.
“Weekend moves are usually fakeouts. Still favouring longs more than shorts. Ready for them gains!”
Source: Dailyhodl