Leading cryptocurrency analyst Michaël van de Poppe says several major cryptocurrencies are set to see their prices rise multi-fold this cycle.
Van de Poppe predicts the crypto king, Bitcoin (BTC), will reach at least $350,000 and as high as $450,000.
He says Ethereum will surpass $10,000 and could reach $17,000 at the top.
The analyst also believes Polkadot will witness $250 to $350, Chainlink will see $250 to $350, Cardano will hit $10 to $20, Zilliqa will hit $5 to $7, Elrond will reach $500 to $750 and DIA will land at $50 to $75.
Van de Poppe says some of his predictions could be conservative.
With the entire cryptocurrency market cap having fallen by around 30% from the peak recorded earlier this month, van de Poppe laments that some investors exited their altcoin positions since he believes recovery is imminent.
“Some altcoins are erasing their entire loss of the past week. Probably we’ll see more following suit without a real retrace or retest. Leaving the people behind that sold at the lows, those are wiped out. It’s a hard market…
Selling your altcoins after a 70% crash is the same as buying your altcoins after a 500% rally. It’s the exact same mindset. Reverse and you’re a winner of the markets.”
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tithi Luadthong