Altcoins

Altcoin Price Forecast: ADA, SXP, WAVES, and FTM

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Popular Crypto Trader Micheal Van de Poppe in a series of tweets has looked out for 5 low cap altcoin’s price action in the near future.

Cardano(ADA)

The broader crypto market has been on a slippery slope of late, but Cardano price has continued to uptrend against Bitcoin(ADA/BTC).

The analyst says ADA has been on his radar and it will continue its bullish trend. 6200 satoshis is his next target for the token. Currently, ADA/BTC is trading at .000046, which means there could be a 34% rise by next month. 

Swipe(SXP)

Next on his watch is Defi ecosystem Swipe. Van de Poppe says, SXP is poised for a whopping 86% rebound from its present price of $1.94 before the end of June. 

He says if the BTC pair breaks above 100day and 200 day moving averages price will continue to rise and reach the pre-crash levels again. 

Waves

His next observation is for Waves, a blockchain protocol that enables the creation, launch, and trade of users’ own crypto tokens. According to his assumption Waves is set for a 35% uptrend in its Bitcoin pair. The token is currently trading at 0.00042. 

“This one holds on to support and acting above the 100-day and 200-day moving averages. Therefore, I’m assuming we’ll see a retest of 0.00057”.

Fantom(FTM)

Fantom (FTM), a distributed ledger system that aims to power smart cities, is the fourth currency on Van de Poppe’s watch. Fantom is expected to drop versus Bitcoin (FTM/BTC) before starting a 74% rally by July.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Haripriya Sureban

A writer and a Crypto fanatic exploring the DeFi Space. Staying abreast on all the crypto trends and trivia is my forte. For the rest I nerd out on movies and series.

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