Widespread trader and crypto strategist Michaël van de Poppe unveils his list of the top five crypto assets to see this year.
In a tweet, Van de Poppe told his audience of 110,300 viewers that the upcoming altcoin season is likely to be bigger than investors can possibly imagine.
“I checked some of those weekly charts Altcoins. But my God, this is going to be such a huge year we can’t even imagine how big it will be. “
Looking at the market cap of all crypto assets, the trader expects to correct and retest the support at $ 730 billion before it crosses the trillion dollar mark.
“The total market capitalization of Crypto looks great here. A retest of the 2017 all-time high seems likely, but all we know is this: the 2017 bubble will look like a small bump on the ride. This cycle is just beginning. “
Amid the trader’s rosy outlook, he says he is watching polkadot (DOT) closely and looking for levels at which investors can buy dips.
“We’re seeing these re-exams at $ 15. That was one of the levels I discussed. Another is that $ 13 level that has less time frames and then we have that area around $ 10.50. ”
Van de Poppe expects the next leg of the bull run to catapult DOT to its targets at $ 25, $ 29, and $ 45.
In addition to Polkadot, the analyst is also optimistic about the intelligent contract platform Cardano (ADA), the blockchain for business solutions Zilliqa (ZIL), the hybrid blockchain platform ICON (ICX), the high-throughput blockchain Elrond (EGLD) and the interoperable blockchain -Network Cosmos (ATOM).
Another coin on Van de Poppe’s radar is Celer Network (CELR). He says the Layer Two scaling platform can potentially climb to $ 0.035, which is 400% upside potential from its current $ 0.007 level.
The last coins on Van de Poppe’s watchlist are oracles. He says that while Chainlink (LINK) leads the way, others like API3 and DIA have more room for growth due to their relatively small market share.
“Chainlink itself has a very large market share in the oracle niche. Other oracles are just starting their first cycle. One of them is API3. I just got listed. Another one that is still waking up is DIA. ”
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Featured image: Shutterstock / 77Icaros