Crypto Analyst Michael Van de Poppe Expects Strong Correlations for Polygon, THORChain Chain and Two Ethereum Rivals

Michaël van de Poppe, a famous crypto strategist, says he expects a few cryptocurrencies to rise.

Van de Poppe tells his 616,600 Twitter followers that BNB, the coin that powers Binance and the BNB Chain smart contract platform, is shining after breaking through resistance at $240.

“Catch the $216 area again. We hope to continue our momentum towards $270 once it reaches $240.


Source: Van de Poppe / Twitter

At the time of writing, Binance Coin is trading at $249, an increase of over 5% on the day.

Next up is the Ethereum (ETH) Polygon scaling solution.

According to Van de Poppe, MATIC is also showing strength and a move above immediate resistance should lead to a 38% rally from its current price.

“Distribution above $0.73 = $1 for the next target.

Source: Van de Poppe / Twitter

Polygon is trading at $0.72 and is in the green, down 5% over the past day.

Another coin on Van de Poppe’s list is the decentralized exchange protocol THORChain, which he says is preparing for a massive crowd.

“Looks ready for a sequel but needs to return $2.50 at this point. If so, I think we’ll see $3.30 to $3.50.”

Source: Van de Poppe / Twitter

At the time of writing, THORChain has a value of $2.23. A move towards Van de Poppe’s target suggests a potential upside of more than 56%.

The last coin on the merchant’s radar is the Fantom smart contract platform. Van de Poppe says the FTM could be due to a slight dip to $0.24 before the next stage begins.

“It looks like we’ll see less testing, but we have two factors ahead of us targeting $0.34.”

Source: Van de Poppe / Twitter

At the time of writing this report, ghost Hands change for $0.25, up more than 3% in the past 24 hours.

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Featured Image: Shutterstock/wacomka/Andy Chipus

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