The crypto market is already starting to heat up. There haven't been any spectacular market-wide price movements yet, but the bull market is close, and everyone can feel it.
Which altcoins are the most poised to make the biggest gains?
While this question can turn out to be hard to answer sometimes, here are some of the biggest insights from renowned crypto analyst, Michaël van de Poppe.
According to Coingecko, Polkadot trades at around $6.95 at the time of writing.
The cryptocurrency is doing pretty well on most timeframes, and is a little sluggish over the week, considering its meager 3% move to the upside in the last 7 days.
Michaël van de Poppe in a recent tweet, says that Polkadot has the potential to go as high as $15.
He cited the 30% dip in the cryptocurrency from $9.59 on 25 December to where it currently sits as a "massive opportunity within a bull market".
Overall, Van de Poppe believes that we're ready for the next upward impulse move, as well as a possible rally to $15 for Polkadot.
Synthetix trades at $3.21 at the time of writing, according to data from Coingecko
The cryptocurrency has been relatively slow ever since its rejection from $4.9.
This is mostly because SNX has spent most of its time since the last bull market, in a range between $5 and $1.44.
Van de Poppe was not impressed, and even referred to SNX as an "underperforming asset"
The analyst says that Synthetix will only be ripe to enter when it breaks above its range high (or $5) or performs a fakeout below the range low (around $1.5).
Coingecko data shows that Arbitrum trades at around $1.86, and is even up by nearly 5% over the last day.
Arbitrum's performance, like most of the other Ethereum L2 networks, has been stellar as of late.
Van de Poppe shares this enthusiasm. However, his analysis has a bit of a bearish undertone to it.
"If it gets back in the $1.40-1.60 area, it's obviously an entry, but I think we'll continue with the Layer 2's." the analyst says.
By this, he means that Arbitrum could decline in the coming days. However, if this decline does happen, investors might see a possible entry opportunity somewhere around the $1.40-1.60 area.
When Arbitrum enters this zone, it will now be fully poised to rally and retake $3 – $4.
According to Coingecko, Chainlink trades at $15, and is even highly bullish at the time of writing.
The cryptocurrency is up by around 6.1% and appears primed for further gains.
According to Van de Poppe, these "further gains" might even take LINK straight up to $25.
According to Van de Poppe, "This one is ready for $25 as it has been holding crucial levels."
Polygon, like the others on this list, is bullish at the time of writing
According to Coingecko, the cryptocurrency trades at around $0.8 and is up by around 3% over the last day.
As far as Van de Poppe's analysis goes, "higher timeframe support levels have been holding and liquidity has been taken" on MATIC.
In essence, Van de Poppe says that he expects the price to push upwards some more from here, likely into the $1.25-1.50 region.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.