Which Tokens May Show Growth in November 2021. Trader Michael van de Poppe Gave the Answer
Trader Michael van de Poppe has discovered three altcoins that are under the spotlight these days. Let’s find out what tokens he was talking about. Read in our LATOKEN review!
Trader and analyst Michael van de Poppe has named three altcoins, which, in his opinion, are ready to rise in price rapidly during the current month. Shortly, Polkadot, Curve Finance, and Chainlink might be able to show high returns, the analyst says.
Polkadot (DOT)
Currently, the DOT token is in an uptrend. This altcoin may rise in price to $60, the trader predicted. In the opinion of Michael van de Poppe, the crypto is in the accumulation stage, after which it may be able to renew its historical maximum.
On November 1, Polkadot was trading at roughly $47.7. During the day, DOT rose in price by 7%, and its capitalization increased to $46.7 billion, according to CoinGecko. Monthly growth was 40%. The token set an all-time high in mid-May at $49.3.
Polkadot is an internal token of the project of the same name, which aims to create the decentralized Internet of the future (Web 3.0). It is mutually compatible with other blockchains and allows the creation of smart contracts and new blockchains.
Curve Finance (CRV)
For almost a year, the analyst noted that the CRV token has been trading in a narrow range from $2.1 to $5.1. However, according to Michael van de Poppe, this altcoin may break out of this range in the coming weeks and show impulse growth. The trader is sure that the nearest target within the upward movement for Curve Finance (CRV) is in the region of $13.2; we can note a rise in price by 200% from current levels.
On November 1, the Curve Finance token was traded at $4.4, and its capitalization was $1.7 billion. During the day, the altcoin fell by 2%, the growth for the month was 75%. The altcoin has set an all-time high in mid-August at $54.
Curve Finance (CRV) is a decentralized trading platform for exchanging cryptocurrencies and also stablecoins. The platform has issued its own CRV governance tokens, which allow holders to participate in the project development.
Chainlink (LINK)
The Chainlink token may show high returns in the near future since LINK has gone through a deep correction over the past six months, van de Poppe said. According to the analyst, Chainlink (LINK) is capable of “impulsive gains” in line with the current Bitcoin uptrend and the massive popularity of DeFi.
On November 1, Chainlink was trading at $31.4, and its capitalization was $14.1 billion. In one day, LINK has risen in price by almost 4%. Over one month, its value has grown by 16%. The LINK token set an all-time high at the beginning of May at $52.7.
Chainlink (LINK) is the first network of decentralized oracles between blockchains and smart contracts. The Swift payment system is one of its partners. Also, LINK is in the portfolio of the Grayscale investment fund.
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