A number one crypto analyst says the booming rally of Cosmos (ATOM)-based altcoin THORChain (RUNE) isn’t completed making some noise.
THORChain has been on a tear for the final month, rising 147% from $4.85 on March 1 to $11.99 at time of writing.
Regardless of RUNE’s unbelievable positive factors, main crypto analyst Michaël van de Poppe tells his 579,500 followers in a tweet that THORChain nonetheless has some gasoline within the tank.
“I believe we’re going to see a continuation in direction of $14.50-15 on RUNE right here.”
On the whole, the analyst says altcoins like RUNE are overdue for the subsequent bullish cycle, which he thinks might be even heavier than the bull cycle in 2021.
“Altcoins had a year-long bear market. Most of them. I believe they’re completed with that and we’re near a brand new cycle…
One factor is certain, 2021 cycle was crazier than 2017 when it comes to dimension and development of adoption. Subsequent one might be heavier.”
Transferring on to layer-2 scaling resolution altcoin Polygon (MATIC), the analyst says MATIC might drop a bit earlier than rebounding.
“I’m nonetheless doubtlessly this stage for MATIC.”
enterprise-solutions blockchain VeChain (VET), the analyst believes the altcoin’s bullish divergence is nearly full, which might set off one other leg up for VET.
“Tweeted about VET earlier and the reclaim occurred. Since then, run of round 20%, which is nice. Bullish divergence additionally finishing right here.”
Lastly, Van de Poppe charts high-throughput blockchain Zilliqa (ZIL), up 20% within the final 24 hours. The analyst warns merchants to keep away from chasing the asset up 340% up to now month alone.
“Shared this one earlier, by which it was on larger timeframe assist.
Now it’s up 500%, Zilliqa. Wouldn’t rush right into a place right here in any respect. A correction will come and is inevitable. Don’t chase hype.”
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