Crypto Analyst Van de Poppe Lists His Top Four Altcoins For December 2021
A top crypto strategist and trader, Michaël van de Poppe revealed his top altcoins to buy this month: Ethereum (ETH), Cardano (ADA), Aave (AAVE) and Chainlink (LINK).
Van de Poppe shared in a recent video update his top four altcoins to buy in December 2021. He believes that with the fast growth of decentralized finance (DeFi) and increased usage of smart contracts, certain altcoins are about to take off big time.
Ethereum (ETH)
The analyst starts his list with the leading smart contract platform Ethereum (ETH) against Bitcoin (BTC). He looks into the cycles of the historical ETH/BTC price to determine what the next trend should be. According to Van de Popple, ETH looks stronger than before and flippening (exceeding BTC by market cap) is in the cards.
“When you are looking at which altcoins to buy […] you want to know about cycles, which we can derive from historical price action. When we look at Ethereum cycles […] the last quarter of the year has been consolidation, and the breakout has been happening from January and December of every year in the past six years.
However, at this point Ether is showing more strength and we might be seeing the flippening this cycle too […] due its new deflationary concept or there is more adoption with ETH at this point.”
At the time of writing, ETH trades at $4,323 down 0.5% on a daily chart.
Cardano (ADA)
The next altcoin on the list is Cardano (ADA), a proof-of-stake blockchain platform. Van de Poppe predicts ADA to go a bit lower to its current levels and then start uprise.
“Anticipation [for ADA] is we are most likely going to find a bottom relatively soon in which we are most likely going to have a new run taking place in Q1.”
At the time of writing, ADA trades at $1.39 with 3.9% loss on a daily chart.
Aave (AAVE)
Next up is Aave, a decentralized lending platform that offers higher interest rates than centralized lending with better security and anonymity. According to the analyst Aave looks to repeat the behavior from last year when it corrected towards the end of year and staged a really in Q1-Q2.
“Aave is copypasting corrective move we have witnessed previously in 2020 in which Q4 has been correcting heavily too.”
At the time of writing AAVE trades at $184.16 with 1.08% gain on a daily chart.
Chainlink (LINK)
The last coin on Van de Poppe’s list is Chainlink, which brings outside data into smart contracts. Looking at the analyst’s chart, LINK will bottom out in by the end of 2021, after which he targets 2x move for LINK in Q1.
“We are getting into a phase where we are getting a bottom structure on the altcoins overall.”
At the time of writing, LINK trades at $21.92 with 10.77% gains on a daily chart.
