Ethereum (ETH) – The Primary Crypto Choice
Van de Poppe’s foremost recommendation is Ethereum. The crypto analyst rationalizes this choice by pointing out the crowded space Bitcoin currently occupies, suggesting a shift of focus to altcoins. He articulated, “Bitcoin has been seeing a lot of upside already [caused by the spot ETF hype] … it’s getting a little bit overcrowded and I think the upside is relatively capped.”
He added that Ethereum is currently bottoming out against Bitcoin. “I think that Ethereum is undervalued at this point because there is a deflationary system involved.” His belief in Ethereum stems from its fundamental growth and the deflationary aspect of its economic model.
With regards to the 3-day ETH/USDT chart, he commented: “Ethereum holds a crucial level at $2,150 and is ready to continue the upwards path. Likely, we’ve bottomed on the ETH/BTC pair and have peaked on the Bitcoin dominance.”Scalability Solutions – Arbitrum and Optimism
Delving deeper into the Ethereum ecosystem, van de Poppe highlighted the importance of scalability solutions. He sees Arbitrum as an attractive crypto investment, especially given its current stage and potential for growth.
“Arbitrum has not much price action yet, which is tricky, but can give you a very interesting investment thesis,” he explained, underscoring its upward trend against Bitcoin. “Retest at $0.98 did work, continuation towards $1.35 as well and even further. Some beautiful S/R flips, I think $1.40-1.45 should hold and we can continue to $2,” he stated.Optimism is his second scalability solution choice, albeit with a cautionary note on its recent substantial run. Van de Poppe recommends a dollar-cost averaging strategy for Optimism, noting “the hype is already substantial here… buying a portion on every 10 cents that’s dropping to make sure that you get a nice average entry.”
Chainlink (LINK) – The Dark Horse
Chainlink (LINK) emerged as his fourth pick. Van de Poppe sees its prolonged bear market and early peak against Bitcoin in 2020 as indicators of significant potential, especially in conjunction with DeFi, RWA, and NFTs. “Chainlink… has been going into the longest bear market that it existed… cycles will happen, and that’s why the opportunity costs are big,” the crypto analyst remarked.
“Chainlink shows that the markets are looking for a higher low on the BTC pairs. Bitcoin pairs show strength in altcoins and are a key indicator in bull markets. As long as LINK stays above 0.000253 BTC, it’s fine and we can start targeting 0.006 BTC,” van de Poppe noted.