Crypto analyst and trader Micha saysl van de Poppe says he is looking at a subsector for digital assets that he believes could stun many traders in disbelief.
In a new tweet, Van de Poppe tells his 326,400 followers that Chainlink (LINK), along with the entire decentralized oracle room, will surprise many people.
#Chainlink is one of the strongest assets out there in my opinion.
It will surprise a lot of people.
The entire oracle section.
– Michaël van de Poppe (@CryptoMichNL), May 28, 2021
Decentralized oracles are protocols that enable blockchains or smart contracts to interact with external data sources. In addition to Chainlink, Band Protocol (BAND), Decentralized Information Asset (DIA), Tellor (TRB) and API3 are other leading decentralized oracles. With the exception of LINK, which has a market cap of $ 11.08 billion, the four oracles are considered low-cap altcoins as they each have a valuation of less than $ 250 million.
The crypto strategist also deals with the leading smart contract platform Ethereum, whose value has fallen by more than 50% from its all-time high of $ 4,362. According to Van de Poppe, Ethereum must have around $ 2,000 of support to trigger a sharp jump.
“The crucial area that you have to believe yourself to be ether is the entire block in the weekly timeframe. It has to hold up for every possible upward trend. “
As for Bitcoin (BTC), the crypto trader says Bitcoin is still poised to print a new all-time high from a long-term perspective.
“When in doubt, zoom out. Bitcoin has seen similar corrections during the 2011-2014 cycle and major corrections in the most recent cycle. Then massive new all-time highs. “
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Featured image: Shutterstock / Gecko Studio / Kerimtrn