Popular crypto analyst and trader Michaël van de Poppe has revealed five altcoins to watch in November.
Van de Poppe told 139,000 YouTube followers that he was watching the price movement of the Polkadot blockchain.
According to crypto traders, Polkadot is in an uptrend against Bitcoin (DOT/BTC) as the pair continues to make higher and lower prices on the daily chart.
“There is an assumption that as long as we stay above 0.00056 BTC ($33.83), I think it will continue to go up where we might hit (0.00085 BTC or $51.34) and hit a new high.”
Using the Fibonacci tool, Van de Poppe said the target for the next DOT/BTC spike would be around 0.001 BTC worth $60.40.
Next up is Cosmos, a project that is trying to be. The “Internet of Blockchain” analysts highlighted three possible entry points for Cosmos in the Bitcoin (ATOM/BTC) pair.
“You can start scooping between 0.00056 BTC and 0.00058 BTC ($33.83 – $35.03). If it were me, 0.00052 BTC ($31.41) would be the next and final price around 0.00045 BTC ($27.18).”
The other coin is Curve (CRV), the governance token of Curve Finance platform DeFi. According to Van de Poppe, Curve has been trading in the range between 0.000036 BTC and 0.000086 BTC ($2.17 and $5.19) for nearly a year.
However, crypto traders say that if the breakout From this period, there was a huge surge towards his target of 0.00022 BTC worth $13.29.
The fourth coin is Chainlink, a decentralized oracle network, which Van de Poppe said he remains interested in despite having undergone a heavy correction against Bitcoin (LINK/BTC).
“The heavy correction that Chainlink is still facing this year. And it doesn’t look very strong, and DeFi might grow, this is going to be a huge opportunity.”
The last altcoin is The Graph, a platform that indexes and organizes blockchain data. Van de Poppe said the graph could bottom out against Bitcoin (GRT/BTC) if it broke through the $0.000013 BTC value of $0.79.
“We are waiting for a lower low. and if it happens A reversal trend will follow.”
refer : LINK