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The largest Ethereum (ETH) whales in existence are accumulating decentralized oracle network Chainlink (LINK) and a collection of decentralized finance (DeFi) altcoins as the crypto markets show signs of stability.
According to blockchain tracker WhaleStats, the top 100 Ethereum whales are currently most interested in three stablecoins and over a half dozen altcoins, with Chainlink in seventh place with the average buy-in of $990 for 130 LINK tokens.

Ethereum whales are diving back into the DeFi sector, particularly crypto lending platform NEXO as well as UMA, a platform designed to allow developers to build synthetic assets.
Eighth on the list is the Ethereum-token Maker (MKR), a governance token that supports DAI, a stablecoin designed to be pegged one-to-one to the US dollar. ETH whales are biting off an average of 0.55 MKR for $855.
The governance token of stablecoin-focused decentralized exchange Curve Finance (CRV) ranks ninth where each whale got an average of 200 CRV tokens for $282.
Rounding out the top 10 is play-to-earn blockchain gaming platform Gala (GALA) with ETH whales acquiring an average of 2,499 GALA tokens for $230.
US Dollar Coin (USDC) and Tether (USDT) are the two most accumulated stablecoins among ETH whales, followed by the embattled algorithmic stablecoin TerraUSD (UST).
Source: WhaleStats
Ethereum itself ranks second overall with the whales spending an average of $336,737 to accumulate 158 ETH tokens.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.



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The post Ethereum Whales Pick Up Chainlink and Three Additional DeFi Altcoins As Crypto Markets Stabilize: WhaleStats appeared first on The Daily Hodl.


The largest Ethereum (ETH) whales in existence are accumulating decentralized oracle network Chainlink (LINK) and a collection of decentralized finance (DeFi) altcoins as the crypto markets show signs of stability. According to blockchain tracker WhaleStats, the top 100 Ethereum whales are curren...

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Ethereum Whales Pick Up Chainlink and Three Additional DeFi Altcoins As Crypto Markets Stabilize: WhaleStats

Widely followed crypto analyst Michaël van de Poppe says three popular altcoins are nearly ready to bounce back, starting with decentralized oracle network Chainlink (LINK).
The crypto trader tells his 601,300 Twitter followers that while LINK’s price action has been worrisome, he’s predicting it finds support and ignites rallies in the near future.

“Not the most beautiful chart, but this is my scenario at this point.
In that case, I’m expecting a continuation towards $12.50 to be happening, before a bearish rejection and some retests, after which the bull starts again.”
Source: CryptoMichNL/Twitter
Chainlink is trading for $7.61 at time of writing, up nearly 4% on the day. A move to $12.50 would represent an approximately 64% increase.
Van de Poppe next evaluates VeChain (VET), an enterprise-solution-focused blockchain. Though the altcoin has fallen far from all-time highs, the crypto trader thinks VET is almost out of its bear market.
“This one is relatively simple. 
Lost the support around $0.045 and started falling down towards the high of the previous cycle in 2020.
Expecting that to be a massive resistance and some sideways action.
Should be relatively done with the bear market.”
Source: CryptoMichNL/Twitter
VeChain is trading for $0.032 at time of writing, up nearly 3% over the last 24 hours.
Van de Poppe also takes a look at the native token of Verasity (VRA), a next-gen video-sharing blockchain platform. Though he says the altcoin has already had a dramatic bear market, the trader foresees VRA re-testing its lower levels before reversing.
“VRA
This one is having a heavy bear market.
The ultimate low could be $0.0035, but that’s depending on the market structure.
Overall, expecting a little more upwards momentum of around 40-60% towards $0.012 for a bearish retest.”
Source: CryptoMichNL/Twitter
Verasity is trading for $0.0088 at time of writing.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.



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The post Chainlink (LINK), VeChain (VET) and One More Altcoin Nearing Potential Trend Reversals, Says Top Crypto Analyst appeared first on The Daily Hodl.


Widely followed crypto analyst Michaël van de Poppe says three popular altcoins are nearly ready to bounce back, starting with decentralized oracle network Chainlink (LINK). The crypto trader tells his 601,300 Twitter followers that while LINK&#8217;s price action has been worrisome, he&#8217;s p...

Chainlink (LINK), VeChain (VET) and One More Altcoin Nearing Potential Trend Reversals, Says Top Crypto Analyst

Crypto analyst Michaël van de Poppe says that Cardano (ADA), Chainlink (LINK) and three other altcoins offer some of the most attractive risk-reward ratios as the crypto markets continue to correct.
In a new strategy session, Michaël van de Poppe tells his 165,000 YouTube subscribers that Cardano‘s area of interest is somewhere in the $0.70 range, with the potential for rallying to his target above $1.00. 

“We’re currently on a block of interest that has to hold here, so we ultimately are looking for such a scenario (move above $1.00) that we just bottom out to. If that doesn’t happen, I’m looking at the next level around $0.38, but these two are the ones that I’ll be looking at if you want to get into Cardano for trading or investing.”
Source: Van de Poppe/YouTube
Looking at decentralized oracle network Chainlink, Van de Poppe says that LINK is currently in a position that can potentially generate favorable returns to long-term investors.
“If you start a thesis of a). ‘I want to include Chainlink in my portfolio, and I want to start accumulating that from here all the way towards $7,” averaging, you get that for $9, and the all-time high is $52. If the downwards risk is approximately 30% to 50%, the upside potential is at least a 500%. I think it’s always a plus if the project is fundamentally still doing well.”
The crypto trader is also watching CRV, the governance token of stablecoin-focused decentralized exchange (DEX) Curve Finance. According to Van de Poppe, CRV must hold its immediate support at $1.93 to generate sufficient bullish momentum for a strong breakout.
“As long as we stay above there ($1.93), it seems likely that we’re going to continue moving and if we have another higher low taking place here approximately around $2.20, the chances are that we’re going to crack these ($3.00), and then we are looking at a test at $3.50 and potentially have continuation in which we are eager to crack these highs here ($6.00).”
Next up is SKALE (SKL), a blockchain network that allows developers to create and provide decentralized chains that are completely compatible with Ethereum. Van de Poppe says SKL can potentially ignite a 5x rally if bulls manage to recover a key price area. 
“If we get into this region between $0.10 to approximately $0.13, the investment thesis starts to build up here as the chances are that when we are getting a run again, we take out this high ($0.30) and most likely start taking out these too ($0.40) focusing on a new run to $0.60. If you look at that, the ultimate thesis and the ultimate outlook is going to bring you a run of 400%.”
The last coin on the trader’s radar is supply-chain management protocol VeChain (VET). Van de Poppe says he sees VET carving out a bottom below $0.039.
“We can see that we are having corrections here all the way, but we are making less heavy downwards lower lows in which ultimately, the result could be that we are finishing off this correction anyway in this region as there are so many higher time frame support zones. If we are getting any of these scenarios, the most likely next run is going to bring us towards either $0.15 or $0.12.”

I
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.



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The post Cardano, Chainlink and Three Additional Altcoins Are the Top Crypto Assets To Accumulate This Month: Crypto Analyst appeared first on The Daily Hodl.


Crypto analyst Michaël van de Poppe says that Cardano (ADA), Chainlink (LINK) and three other altcoins offer some of the most attractive risk-reward ratios as the crypto markets continue to correct. In a new strategy session, Michaël van de Poppe tells his 165,000 YouTube subscribers that Cardano...

Cardano, Chainlink and Three Additional Altcoins Are the Top Crypto Assets To Accumulate This Month: Crypto Analyst

Popular crypto analyst and trader Michaël van de Poppe is laying out his predictions for four altcoins in the wake of an extended crypto market correction.
In a new strategy session, Van de Poppe tells his 165,000 YouTube subscribers that looking at past cycles can be a good barometer for what might be on the horizon.

The analyst starts by discussing the price history of decentralized oracle network Chainlink (LINK), noting,
“[In the] previous cycle we’ve had a big run previously and then a long-term accumulation before we started to run back down or before we started to have another rush into Chainlink.
Big run in 2019, Chainlink was one of the big gainers during that period. Big drawdown too, in which we retest this order block [between $1.50-$2.00] before we start to run again.
We did not really test this level [between $1.50-$2.00]… Yes, we did during the March 2020 crash, but we didn’t really test this entire block which was obvious to retest and to actually get entries from. But as you can see in this example, we do not retest there.“
Van de Poppe says LINK is following a similar pattern now to how it was trading in March 2020.
Chainlink is up more than 10% on the day and changing hands for $12.08.
Moving on to decentralized crypto exchange Uniswap (UNI), the chart guru notes that the altcoin has followed the trend of many altcoins during the past year of major price increases followed by a series of drops.
At time of writing, Uniswap is rallying in a big way, up 16.26% and priced at $7.84.
Next up is the supply chain management blockchain VeChain (VET), which the trader notes has been on a good run lately.
“VeChain is also having a good run… And if we’re looking back from the previous run we’ve also had this explosion and then a retest of the previous high and this entire block right. A retest of this block leading towards expansion and continuation, so if you’re looking at the price action in itself the sideways accumulation a retest of the previous high took place here right so in this assumption it doesn’t make sense to go beneath that actual previous high…
I would definitely start accumulating already and the conclusion can be said that we are down 85% and we’re getting into that interesting zone here [$0.03 to $0.04].”
VeChain is also surging, currently up 14.82% with a price tag of $0.053.
Van de Poppe concludes his altcoin deep dive with enterprise-grade blockchain platform Fantom (FTM), saying that investors looking for an entry point should note its periods involving consolidation or sideways accumulation.
Fantom is in the green by 11.51% and valued at $0.84.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.



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The post Here’s What’s Next for Chainlink (LINK), Uniswap (UNI), VeChain (VET) and Fantom (FTM), Says Top Crypto Analyst appeared first on The Daily Hodl.


Popular crypto analyst and trader Michaël van de Poppe is laying out his predictions for four altcoins in the wake of an extended crypto market correction. In a new strategy session, Van de Poppe tells his 165,000 YouTube subscribers that looking at past cycles can be a good barometer for what mi...

Here’s What’s Next for Chainlink (LINK), Uniswap (UNI), VeChain (VET) and Fantom (FTM), Says Top Crypto Analyst

Popular crypto analyst Michaël van de Poppe thinks the end of the bear market is near for decentralized oracle network Chainlink (LINK) and other struggling altcoins.
In a new video update, Van de Poppe tells his 165,000 YouTube subscribers that Chainlink is down about 80% from its all-time high of $52.70, which it hit last May.

The crypto analyst notes those severe losses are common among altcoins, particularly those in the decentralized finance (DeFi) sector.
“Some altcoins, especially in DeFi, are down 90%. It is likely that we’re going to have this downwards trend, but it’s also starting to feel likely that we’re getting close to the actual end of the bear market for altcoins…
We are getting close towards the phase where we are starting to accumulate those positions, making ourselves ready for the next bull cycle in which the impact of [Federal Reserve rate] hikes will diminish away.”
Source: Crypto Michaël/YouTube
Van de Poppe says that the reversal from the bear market will take place after an initial price reaction to Federal Reserve interest rate hikes.
Chainlink is trading at $11.20 at time of writing. The 27th-ranked crypto asset by market cap is down nearly 10% in the past week and more than 36.5% in the past month. Van de Poppe says he’ll be looking at the $8 range “for a potential play” on LINK.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.



Featured Image: Shutterstock/ParamePrizma
The post End of Bear Market Approaching for Chainlink (LINK), Says Crypto Analyst – Here’s His Reversal Scenario appeared first on The Daily Hodl.


Popular crypto analyst Michaël van de Poppe thinks the end of the bear market is near for decentralized oracle network Chainlink (LINK) and other struggling altcoins. In a new video update, Van de Poppe tells his 165,000 YouTube subscribers that Chainlink is down about 80% from its all-time high ...

Chainlink price	$7.03
Low - High 24H	$6.94 - $7.10
Market cap	$3.28B
Volume 24H	$202.95M
All time high	$52.70 -86.67% May 10th 2021
All time low	$0.148183 4640.67% November 29th 2017
Genesis date	N/A

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