After the recent sell-off in May, Bitcoin took the entire market to the dumps. Now, that the market is redeeming the bullish status Altcoins in the Defi sector are taking the forefront. However, the flagship crypto is still hovering sideways, unable to break resistance and surge higher.
Popular analyst and Trader Micheal Van De Poppe have made bullish predictions for the oracle network Chainlink.
In a recent tweet he mentions, From its present value of 0.0006, Chainlink appears to be primed for a 25% surge against Bitcoin (LINK/BTC).
Next up, the analyst has bought a fairly under-the-radar token to light. He believes the Icon Protocol(ICX), a multipurpose blockchain is primed for a massive upswing.
He believes ICX may have found its bottom and is on the verge of exploding in its Bitcoin pair (ICX/BTC) in the coming months.
His Tweet read,
“Is Icon bottomed out? Might be. Heavy support bounce, after which it’s looking like it wants to test the resistance. Flipping those are entry triggers. Potential continuation of 75% possible.”
At the time of writing, ICX is trading at $0.929 and is up by 11.6% in the last 7 days.
Except for the above two tokens, Van De Poppe mentioned three protocols, AAVE, SNX, and COMP. He believes these tokens are waking up heavily as the market is set to recover.
“DeFi is going great, as AAVE, SNX, COMP are waking up heavily. It’s just a start, but the market is starting to look good. I’m expecting more to follow suit with those.”
AAVE, SNX & COMP are up by 13.8%, 33.6%, 27.4% respectively in the last 7 days according to CoinGecko.
Also, Van De Poppe has said Although, Most Altcoins followed Bitcoin and went down south in the previous sell-off, they will now have a resurgence and potentially outperform Bitcoin.