A top crypto analyst, Michael van de Pope, has offered his thoughts on the prospect of a new season, highlighting three cryptos that appear to be primes for a new breakout.
In a new video, Van de Poppe told his 103,000 customers that despite a drastic correction at the end of May that saw bitcoin plummet to $30,000, an altseason could be in the cards in the coming weeks.
whole altcoin The market cap is still above the 21-day weekly moving average (21 WMA), indicating that the cryptocurrency’s bull run is yet to be completed.
“We are still operating above the 21 WMA, which means that the possibility of continuing our upward grind is significant… many altcoins are going to make new highs in their USD and Bitcoin pairs. altcoin The market cap is currently above the 21 WMA, a very bullish trigger and we have a good indication of momentum, with the sentiment going through [is] That we can continue to grind and that we still have a very hot summer coming for altcoins…
He said that he still firmly believes that the alt season is not far away. The recent drop in the market is just a stop gap.
“Are we going to get a big one” altcoin weather? The thesis still stands, and I am still assuming that they will continue their momentum. It’s time for you to start depositing,” he said.
Van de Poppe claims that automated market maker Curve Finance (CRV) is on the verge of retracing the 100-day and 200-day moving averages in its bitcoin pair (CRV/BTC) and continuing its climb.
“CRV is currently acting in a resistance area, but we can assume and expect a return above the 100 and 200-day moving averages, giving us support there. Then, we We can break out of this accumulation range and start moving towards new highs.”
According to the trader, cross-chain lending platform KAVA is set to hit new yearly highs compared to Bitcoin (KAVA/BTC) after slipping below the 100 and 200-day moving averages signals.
“We can see that we are making higher highs and higher lows and the momentum starts to change… in which we are getting into a new cycle for Kava. We are recovering the damage we did, “They said.
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Mark Cuban Has Too Many Cryptocurrencies
One of Cuba’s Ethereum wallets was exposed in January when it mined an NFT on Rarible, a decentralized non-fungible token market.
Wallets at the time contained various decentralized finance (DeFi) currencies, but most of their funds were dedicated to lending protocol Aave.
It seemed that Cuba had almost exhausted the same wallet. It holds over $26,000 worth of odd cryptocurrencies such as Dogelon (Ealon), Doge Inu (DOGI), and Bingo Inu, and about $2,000 worth of Ethereum (Bingo). It is unclear whether Cuba purchased these crypto assets or if they were given to them by holders wishing to promote their currencies.
Cryptocurrency analyst and influencer Lark Davis also notes the contents of various Cuban crypto wallets, noting that the Dallas Mavericks owner previously stated in an interview that he holds 60% of his crypto portfolio in Bitcoin, 30% in Ethereum. % keeps. and 10% in other altcoins.
“From what we know, what we have gathered and what we can see on the blockchain, they have Aave, Rarible (RARI), SushiSwap (SUSHI), Polygon, Serum (SRM), Injective and Fantom (FTM). ..
The coins I just mentioned are probably not his full portfolio, but they are coins he has publicly acknowledged or we can see in his address. “
related article | Which altcoins are more likely to catch the surge?
Featured image from Pixabay, Charts from TradingView.