Top Analysts Have Updated Three Altcoins With Positive Outlooks

An analyst who follows the crypto space closely says that one altcoin that runs on the Ethereum (ETH) blockchain is ready to go and has news about three other digital assets.

Michal van de Poppe tells his 647,000 Twitter followers that Ethereum scaling solution Polygon (MATIC) could offer a 60% gain if the right entry point is found at around $1.

“This looks ready to break upwards significantly.

Would be interested in buying around $1 for a retest and then it could run towards $1.60 quite easily.”

The analyst is also keeping an eye on Ethereum rival Avalanche (AVAX). Van de Poppe says that AVAX bulls might want to wait until the price drops to about $17.50 before buying 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.”

The next thing for traders to look out for is decentralized exchange protocol Injective (INJ). Van de Poppe says that INJ, which has already gone up about 40% in the last week, might not be worth trading until it goes down to $2.30 or $2.08 for longer-term trades.

“Strong runner here, but points of interest are a bit lower.

I’d be interested for a bounce play at $2.30 and for swing plays at $2.08.″

Last, Van de Poppe looks at Verasity (VRA), an altcoin based on Ethereum that aims to serve the e-sports, gaming, non-fungible token (NFT), and video economies. He says that even though VRA looks very strong, bulls should wait for a 40% correction down to the $0.004 range before opening a position.

“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.”