Closely followed crypto analyst Michaël van de Poppe says that Aave (AAVE) and its four altcoin projects are ready for new rallies. For details Cryptocoin. com continue reading.
Altcoin projects ready for the run: AAVE, CRV, YFI, SUSHI and VET
The analyst tells his 540,000 Twitter followers that decentralized finance (DeFi) lending and borrowing protocol Aave is trading at a significant discount while holding support. According to Michaël Van de Poppe, Aave is ready to rally:
AAVE is down almost 80% since ATH (all-time high) and support holds once again. Ready for a new run.
The analyst says that 2022 will be a year in which DeFi cryptocurrencies can be watched, and besides Aave, he cites three other altcoins that should be considered in the industry:
Aave (AAVE), Curve Finance (CRV), Yearn. Finance (YFI), SushiSwap (SUSHI). 2022 will be the year of DeFi, and the recent big leap has shown the first signs. Position yourself well.
Also on the analyst’s radar is the blockchain institutional crypto asset VeChain (VET). Van de Poppe takes a look at the VeChain Bitcoin pair (VET/BTC) and says it is almost at a major buy point around 0.0000018 BTC ($0.09):
The area to buy for VET appears here.
However, the analyst also mentions a few key areas where he thinks a bullish trend for VET/BTC would be confirmed if it breaks:
Preferably what is the level I want to see the VeChain breakthrough? I’d love to see this entire block break around 0.0000019 BTC ($0.09). And then the second level I want to see the breakthrough is the whole level around 0.00000210 BTC ($0.11). Because if this breaks, I think we are broke or we are facing this recent high (0.0000025 BTC or $0.13), we create ourselves a higher bottom and then we have a new trend starting up.