Analysis

Here’s what’s next for Ethereum’s 5 rivals, according to Michaël van de Poppe

Prominent strategist and trader Michaël van de Poppe takes a look at what’s in store for ETH competitor AVAX and four other altcoins.

According to him, a key resistance area for AVAX could trigger a rally for the smart contract platform if it can be broken.

“Need to break resistance at $80. If successful, a new bull run seems possible. Until then, it’s time to collect.”

AVAX/USDT | The source: Van de Poppe

Next is Harmony (ONE), a blockchain project that allows users to create decentralized applications. Looking at the ONE/BTC chart, Van de Poppe predicts the pair is poised to rally after hitting the support at 0.00000469 BTC or $0.18.

“There will definitely be some upswing from this space. My personal point of interest is in the 350 sats (0.00000035 BTC or $0.13) range.”

ONE/BTC | The source: Van de Poppe

Another coin on the dealer list is the payment infrastructure platform COTI. Van de Poppe expects COTI to form a bullish higher bottom against Bitcoin before launching a 35 percent rally towards its 0.00001 BTC ($0.38) target.

“This level is currently acting as resistance. Flip it = tradable. If not, you should test around 740 sats (0.000074 BTC or $0.28) for a possible long entry.”

COTI/BTC | The source: Van de Poppe

Van de Poppe is also eyeing Hathor Native Asset (HTR), a scalable crypto alternative that combines directed graph (DAG) technology with decentralized blockchain technology. According to Van de Poppe, HTR/BTC is on the verge of reaching the critical support area at 0.0000148 BTC or $0.57.

“The reach to buy HTR is coming.”

SUPPORT/BTC | The source: Van de Poppe

The final coin on a trader’s list is the Litecoin peer-to-peer (LTC) payment network. According to him, while LTC/BTC is still in a downtrend, he is considering a possible scenario in which the pair could surge 17%.

“Look for a flip of 350-300 sats (0.00305-0.0031 BTC or $117.01-118.93) for a potential long trigger. Until then, it doesn’t matter.”

LTC/BTC | The source: Van de Poppe

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.