Cryptocurrency analyst names digital assets that will become profitable in the near future

! Not financial advice — ed.

Amid the recent growth of bitcoin, cryptocurrency experts are also paying attention to altcoins. Analysts are convinced that most digital coins are able to mimic the trends of the largest cryptocurrency by market capitalization.

on November 5, cryptocurrency trader and analyst Michael van de Poppe named altcoins worth considering for purchase during the market warm-up in a video on his YouTube channel.

Chainlink (LINK)

De Poppe pointed out the need to buy Chainlink (LINK) based on the historical price movement of the token. He emphasized that LINK is historically correlated with bitcoin, which means that these asset classes tend to move together. Poppe acknowledged that the value of LINK has already started to rise and identified two key price levels to watch out for. In his opinion, investors should look for a possible correction around $ 9.50 and $ 10.

In his analysis, De Poppe stated that if the current strength of the price movement continues, LINK could potentially reach a price range of $ 25 to $ 30.

Aave (AAVE)

Aave (AAVE) is currently at a turning point. De Poppe noted that the coin has faced tremendous resistance that has lasted for an impressive 542 days.

The analyst noted that AAVE is probably on the verge of a possible breakout. If the resistance is successfully overcome, it could mean the end of a long period of accumulation. In turn, this will potentially push the price to levels between $ 260 and $ 280, paving the way for further growth.

Synthetix (SNX)

De Poppe noted that Synthetix (SNX) mirrors the sentiment around AAVE. The DeFi protocol, which provides a platform for creating and trading synthetic assets, is currently struggling with a «formidable level of resistance.»

According to his crypto expert analysis, Synthetix has lagged behind recent market movements. However, De Poppe claims that the situation could change dramatically if the resistance is successfully overcome. In the event of a breakout, the price of Synthetix could rise sharply to the range of $ 7.50 to $ 8.

Compound (COMP)

Compound (COMP) is also showing signs of revival, almost following the trajectory of AAVE. De Poppe emphasized that Compound is facing a crucial resistance point.

In this context, the analyst emphasized the importance of monitoring social media, where there is significant accumulation, «even if some participants are adhering to a bearish outlook.» Such a divergence in sentiment, according to the crypto expert, means that «a phase of profit opportunities may begin.»

Looking ahead, De Poppe suggested that new altcoins are poised for impressive results if the current market momentum continues.