According to CoinMarketCap data, the global crypto market cap has dropped 1.82 percent in the past 24 hours. Despite this, the total cryptocurrency market continues to defend its position above $1 trillion. Crypto analyst Michaël van de Poppe shared on Twitter altcoin projects that offer opportunities other than Bitcoin. According to the analyst, Cardano’s ADA offers a great long-term buying opportunity. Koindeks.comas, we convey the altcoins in the list of the analyst whose opinions we have included.
These altcoins offer more opportunities than Bitcoin (BTC)
Crypto analyst Michaël van de Poppe (CryptoMichNL) shared his technical analysis for QNT last night. According to the analyst, there is a potential rise in the market for the QNT name. Quant (QNT) has increased by 4.57 percent in the last 24 hours. It is currently trading at $168.67. Also, looking at the QNT price, it strengthened by 5.06 percent and 6.09 percent against Bitcoin and Ethereum, respectively.
QNT’s price currently continues to trade close to its previous bullish support. However, two scenarios remain for the altcoin. Option one, QNT, will either rise again or fall to $140 from where the next rise will take place.
The price of LINK is trading at $ 8.11 after a profit of 7.23 percent in 24 hours. LINK also gained 4.28% and 5.35% strength against Bitcoin and ETH, respectively. According to Poppe, the current Risk/Reward Ratio that investors should adopt long on LINK is around 4.04 percent.
The final purpose for long in altcoin is stated as 26.23%.
Reserve Rights (RSR)
Reserve Rights (RSR) continues to trade at $0.006352. RSR failed to catch up with the trend seen in LINK and QNT as it has dropped 1.96 percent in the last 24 hours. Also, its price fell by 1.59 percent and 0.54 percent against BTC and ETH, respectively. The analyst suggests entering long at $0.0055 or when the RSR turns the resistance zone into reinforcement at $0.007. Looking at the current decline of the RSR in the last 24 hours, he states that it may be enough to wait for the altcoin to drop to $ 0.0055.
ADA is trading at $0.4101 after the price has fallen by 0.74% in the last 24 hours. ADA price was weak against Bitcoin and Ethereum by 2.48% and 1.34%, respectively. The crypto analyst believes there is a large, long-term buying opportunity for the ADA investors name. He states that the current price of ADA may decline to lower levels for the current bear market.
Tornado Cash (TORN)
TORN can be seen as a good opportunity, seeing an increase in liquidity 2-3 weeks ago. The analyst states that it will not be able to reach the level it reached after the rise again in the short term. Looking at the weekly chart for TORN, it is possible to find lower bottoms in the following weeks.
The TORN price is currently continuing to see the process at $ 6.25.
THORChain (RUNE) is at the bottom of the list of altcoins that offer opportunities other than Bitcoin
RUNE has managed to defend its low on its weekly chart. Following these levels, it entered a week-long consolidation. Investors have not seized the liquidity upside now.
According to the analyst, RUNE offers a short periodic bullish opportunity up to about 1W 7 SMMA.