Despite a week of sideways movement in the crypto market, with altcoins showing minimal signs of recovery and Bitcoin struggling to surpass the $65k price level, renowned crypto analyst Michaël van de Poppe has identified a specific group of altcoins.
These altcoins are deemed by van de Poppe to have the potential for 3x returns compared to Bitcoin while minimizing risk.
Top Altcoins With 3x Gain
The analyst claimed that he chose these altcoins because they are now at the bottom of the market and these tokens have the capability of surging 3x against BTC.
OP Games (OP): This altcoin operates within the gaming industry, an area with significant growth potential. Currently OP coin is trading at $2.47 and it is almost 50% down from its January high of $4.8.
Chainlink (LINK): Chainlink is a well-established decentralized oracle network that facilitates smart contract interoperability. With its strong fundamentals and widespread adoption, Van de Poppe sees LINK as a promising contender for outperforming BTC.
Wootrade (WOO): Wootrade is a decentralized trading platform designed to enhance liquidity across various crypto exchanges. Van de Poppe notes that Woo Coin has experienced a significant decline from its previous high of $0.82, with the current trading price at $0.29.
Celestia (TIA): It’s the first modular blockchain network that enables anyone to easily deploy their blockchain with minimal overhead. As of now, TIA is trading at $9.65, reflecting a 6.51% decrease and resulting in a market capitalization of $1.7 billion.
Skale Network (SKL): Skale Network is a decentralized Ethereum-compatible blockchain network designed to improve scalability and interoperability. Van de Poppe views SKL as a promising project with the potential to outpace BTC in terms of returns.
Decrease in Bitcoin Holdings
Despite his historical focus on Bitcoin, the analyst revealed a recent decrease in his Bitcoin holdings, indicating a shift towards altcoins. However, van de Poppe clarified that he plans to increase his Bitcoin holdings again in the future.
Furthermore, the analyst, who has shown bullish sentiment towards Ethereum, provided assessments for this altcoin as well. He noted that ETH’s price has begun to rise once more. Additionally, he highlighted that the ETH/BTC pair has reached its highest level in the last two years.
This news is republished from another source.
