Well-known cryptocurrency analyst Michael van de Poppe called the growth levels for two popular altcoins, which many users are talking about now
First on the list is Polkadot (DOT), around which, against the background of the imminent start of paragon auctions, a real stir unfolded. According to the analyst, the asset is gaining momentum quite quickly:
"Paačinas are coming. There is a huge excitement around Polkadot and this gives the asset a good boost.. Previously range $35 – $37 was a critical level, which was supposed to hold the asset and that's where it was worth entering the market.
Polkadot auctions start 11 november. Supposed, that DOT coins will be involved, to determine, what kind of project will receive a paagon-slot.
Using the Fibonacci extension, Van de Poppe named potential target levels for Polkadot:
"Given previous lows and highs, the target levels for Polkadot are $75 and $115".
Second on Van de Poppe's list is the "internet of blockchains" Cosmos (ATOM). According to the analyst, ATOM repeats the exchange rate dynamics of January, when the asset has consolidated at the level $7, and then in less than a month increased by 242% to $24:
"When you consider the previous all-time high for Cosmos., I assume a high rate of exchange rate growth this time. As the first target level I see $75, and as the second – $100».