Van de Poppe Unveils His Targets For Polkadot (DOT) As Momentum Builds Up

According to Michaël van de Poppe, a prominent crypto strategist and trader, there’s a lot of hype and momentum surrounding Polkadot (DOT) as launch of its parachain auctions comes closer.

In a recent video, Van de Poppe shares with his 140,000 subscribers on YouTube that the 8th largest crypto asset by market cap is picking up momentum quite fast.

“There’s parachains coming up. There’s hype around Polkadot. There’s lots of momentum here. So where should you be buying Polkadot at this instance? And we have been discussing that in the updates previously, too. The entire green zone [$35 -$37] was the critical level that you preferably want to see Polkadot sustain.”  

The analyst is talking about parachain auction, which is scheduled for November 11th. Parachain auctions are auctions that are held on the Polkadot relay chain to determine which blockchain will connect to the parachain slot.

Van de Poppe mentions specific target areas for Polkadot.

“We’ve also been discussing Polkadot earlier in which we were discussing potential target points $75 and $115 are the next target zones, based on the previous high, based on the previous low.”

Cosmos (ATOM)

The analyst is also looking into Cosmos (ATOM), a project that is often referred to as “the internet of blockchains.”

ATOM is mirroring its price action from January when it consolidated at $7 before a 242% surge to $24 in less than one month, says the trader.

“If we take out the previous all-time high for Cosmos, I think we’re going to accelerate quite nicely, and then we’ve got $75… as the target point, and the second one is $100.”