🚀 Expert's Picks: 5 Altcoins to Watch in 2024 Q1! 🌐💸
As we step into the first quarter of 2024, renowned analyst Michaël van de Poppe has unveiled his top picks for altcoins with promising potential. Here are the five altcoins making waves in van de Poppe's radar:
1. Ethereum (ETH) - Surpassing Bitcoin's Glory!
Ethereum takes the lead as van de Poppe predicts it will outperform Bitcoin this quarter. Anticipating the approval of a spot Ethereum ETF, he foresees a positive impact on ETH, currently priced at $2,381. With bullish momentum indicated by the RSI, the successful flip of the $2,300 resistance sets the stage for potential growth🚀
2. Optimism (OP) - Riding the Ethereum Wave!
Nestled within the Ethereum ecosystem, Optimism (OP) is the second pick. Van de Poppe suggests that if ETH rises, OP will follow suit. Priced at $3.89, OP exhibits a 7.31% increase, with the potential to surge to $5 if it clears the $4.20 hurdle. 🌊
3. Arbitrum (ARB) - A Parallel Journey with Optimism!
Closely tied to Ethereum, Arbitrum (ARB) enters the scene, echoing the trajectory of OP. The bullish flip on the 4-hour chart, intense buying pressure indicated by the MFI, and potential support at $1.58 position ARB for a run towards $2 in the short term. 📈
4. Chainlink (LINK) - Riding the DeFi Rally!
Chainlink (LINK) reclaims the spotlight with expectations of a DeFi rally in 2024. Priced at $16, LINK shows signs of reversing its earlier dip, aiming to reclaim $17.50. The Accumulation/Distribution indicator hints at positive sentiment, making LINK a key player to watch. 🔄
5. Sui (SUI) - Unexpected Contender with Decentralized Appeal!
SUI surprises as van de Poppe's pick, attributing its potential to support for decentralized applications. Despite struggling against other L1 cryptocurrencies, SUI forms higher highs since January 1, with positive indicators from MACD and On Balance Volume (OBV). 🌐📈
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