Michael Van de Poppe Takes On The Two Biggest Ethereum Competitors!

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Popular cryptocurrency analyst and trader Michaël van de Poppe shared his predictions for how 2022 will go for Avalanche (AVAX), one of the top Ethereum competitors.

Avalanche and Solana Grow in Popularity

Sharing his predictions for 2022 in a new strategy session, cryptocurrency analyst Michael Van de Poppe told his 155,000 subscribers on YouTube that both Avalanche (AVAX) and other tier-1 smart contract platform Solana (SOL) will be moving to Ethereum (ETH) this year. stated that it has increased its popularity as a competitor.

Taking a closer look at AVAX, the analyst is exploring possible buying opportunities as the smart contract platform has dropped over 45% from its all-time high of $144.96.

“Once we get to potential buy points, we can also start deriving it from previous price action.

So if AVAX is trading back towards $55 and the previous high, this is still a bullish result and it is not strange that we wait for a reversal until there before reversing. Usually these levels take a test. If you are interested in AVAX, this is the numero uno entry point…

The second is around this block, where we jumped from $65-85. ”

According to Van de Poppe, AVAX’s deep rebound puts its Ethereum rival in a solid position to rally next year. The famous analyst gave the following statements in the continuation of his predictions about AVAX;

“And definitely, the left side of this chart shows that after a big impulse wave you’re going to get a correction period that we’re seeing right now before we have a new impulse wave that will happen in 2022.”

Popular cryptocurrency Avalanche continues to trade at $79, down 6.37% in the last 24 hours, according to CoinMarketCap data.

Van de Poppe’s AVAX Price Prediction: $370

Continuing his future price predictions for AVAX, the analyst uses the Fibonacci extension tool to derive potential targets for Avalanche.

“We are looking at a potential target of $230. We’re looking at $300 and we’re looking at $370.

So will AVAX run towards these numbers in the next impulsive move? If there’s going to be a bottom [around $90 to $142], I wouldn’t be surprised to see an AVAX run towards $360.

In that case, we will have a new expansion looking for a new wave of impulses combined with the actual growth of the ecosystem and resulting in this movement.”