It appears as if the cryptocurrency market is geared to close on a bullish note this weekend. Recently, the global crypto market cap has reclaimed its position of over $1 trillion due to Bitcoin and other major cryptocurrencies maintaining the trade above their crucial price levels.
This scenario has directed the attention of the traders and investors towards altcoins, as they closely track the price action and make future predictions.
After his close market observations, the crypto trader and analyst michael van de poppe claims that the altcoins are decked up for another 100-200% bull run from their current trading price.
To prove his point, Van de Poppe talks about Avalanche (AVAX). As per the analyst, the AVAX is about to surpass its 50-day moving average and claims this retest will verify that buying pressure has emerged.
Further, the strategist states that the currency will trade beyond $26 along with its previous highs as per his observations. Additionally, Van de Poppe says there is a 1D bullish divergence expected for avalanche; hence AVAX might trade between $37 and $41 soon.
The Crypto Community Remains Bullish
On the other hand, according to the coinmarketcap community, the eighth largest cryptocurrency by market cap, Cardano, will reach the $0.711 price level by the end of August. It would need to rise approximately 56.20% from its current price to achieve this, while the network’s Vasil hard-fork is still awaited.
Next, the community makes analyses the VET- VeChain network’s native currency. Per their predictions, it should hit a target of $0.0486 before August 31st, with an increase of 107.66%.
When it comes to the King currency, the community expects Bitcoin to make a move above the $30,000 level and reach $32,493 before August this year.