Crypto Analyst Shares His Optimistic Outlook for $XRP, Chainlink ($LINK) and Polygon ($MATIC)
Popular cryptocurrency analyst Michaël van de Poppe has recently made a series of optimistic forecasts for several altcoins, including $XRP, Chainlink ($LINK) and Polygon ($MATIC), in tweets shared with his over 600,000 followers on the microblogging platform.
Focusing first on XRP, the renowned analyst envisions a potential downward adjustment to approximately $0.65. This dip, however, is not cause for concern, as Van de Poppe believes it could set the stage for a bullish resurgence. According to his analysis, the post-dip rally could escalate XRP’s value to a high of $0.90.
XRP is, at the time of writing, trading at $0.73 after seeing a 55% rally over the past 7 days over a recent ruling by a federal judge in New York that determined that XRP is “not necessarily a security on its face.”
After the landmark ruling, a number of cryptocurrency exchanges decided to relist the token, including Coinbase, Kraken, and Gemini. As reported various analysts are bullish on the cryptocurrency, with the founder and manager of Kralow Capital, Thomas Kralow, revealing he sees XRP hit $30 in the future.
Moving onto Chainlink, the decentralized oracle network, Van de Poppe is predicting an impressive surge in its value, as Daly Hodl reported. Having regained its support at $6, the altcoin is primed for a significant increase, provided it maintains its position above this threshold.
Finally, the analyst turned his attention to Polygon, a solution dedicated to blockchain scaling. Van de Poppe’s forecasts suggest that MATIC, Polygon’s token, may experience a short-term dip to about $0.75 before it embarks on its next ascent. The token is currently trading at $0.765 after falling 3% over the last 24-hour period.
Polygon, it’s worth noting, was one of the digital assets named as security by the U.S. Securities and Exchange Commission (SEC) in its lawsuits against Binance and Coinbase. As a result, the token was delisted from a number of platforms, including United Kingdom-based financial technology giant Revolut.