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Here is the price prediction of the top 3 altcoins to trade for maximum gains in crypto trading
As Bitcoin (BTC) consolidates below US$40,000, the cryptocurrency market's attention has switched to alternative coins or altcoins. In this vein, crypto trading specialist Michael van de Poppe has noted this trend, saying that various altcoins are breaking out and gaining support. According to the steady upward trend in the Bitcoin dominance chart, the current crypto market run may be nearing its end, according to a YouTube video broadcast on May 6. He believes that if Bitcoin reaches US$40,000, its dominance will grow until it consolidates, at which point money will move to Ethereum (ETH) and other altcoins. As a result, he highlighted the three coins listed below to keep an eye on as the focus shifts to altcoins.
1. Pepe (PEPE)
The meme coin has gained traction in recent weeks, with the expert stating that the token has considerable upside in the coming days 'unless proven otherwise.' He noticed that if the price of Pepe remained flat or slightly increased, it would be a bounce play. A bearish divergence following a large upward trend, on the other hand, would be a short bet. According to Poppe, if the meme coin's value decreases again, it will be another bounce play, even though these trades were simple to execute due to their frequency.
Poppe, however, cautioned that, despite recent increases, PEPE is not a solid investment option, but it has trading potential. The meme coin was trading at US$0.0000039 as of press time, with weekly gains of almost 500%.
2. Chainlink (LINK)
According to Poppe's analysis, Chainlink (LINK) has the potential to rally in the coming days because it is in the accumulation phase. He noted that the LINK May 2022 bottom of around US$7.5 is being retested, and double bottom tests usually signal a reversal. This suggests that now is the time for investors to increase their holdings in Chainlink. He stated that Chainlink is underperforming at its current pricing.
Notably, LINK has experienced uneven pricing movement in recent weeks despite increased network traffic. LINK is currently trading at US$7.92.
3. Ethereum
While Ethereum (ETH) had a jump in value during the hoopla around the Merge upgrade, it then experienced a decline following the Shanghai upgrade. Poppe sees the movement as a negative trend, as seen by lower highs and lows. According to the analyst, if Bitcoin breaks out to the upside, Ether will be challenged, but its value against USDT will be unaffected. If Bitcoin fails, Ether will remain stable; however, a wild move to the upside for Bitcoin may result in a drop in Ethereum's value relative to BTC.
Poppe encouraged investors to keep an eye out for a break out of Ether against Bitcoin above the previous lower high, which could spark an expansion and inspire other coins to follow suit. Ethereum is currently trading at US$2,874.
Looking ahead, Ethereum's prospects are promising, especially with the network's switch to the energy-efficient proof-of-stake (PoS) protocol. Finbold, for example, consulted the chat-based artificial intelligence (AI) platform ChatGPT about the likely price movement of Ethereum in 2025. The tool predicted that the digital asset would trade between US$5,000 and US$10,000, indicating a bullish prognosis for Ethereum's future performance.