Crypto Analyst Michaël van de Poppe Bullish on Kaspa (KAS)
Crypto analyst Michaël van de Poppe believes that Kaspa (KAS), a low-cap altcoin, is gearing up for a bullish continuation. Van de Poppe suggests that Kaspa, a layer-1 proof of work cryptocurrency, looks ready for a new upward movement. According to the analyst, if his bullish thesis for Kaspa comes true, the crypto asset could reach a new all-time high of $0.068, representing a 41% increase from its current price.
Kaspa needs to turn the resistance around the $0.049 level into a support zone in order to continue its long-term upward trend. At present, KAS is trading at $0.0479, which is an impressive gain of around 788% from its price at the beginning of 2023.
If the crypto market turns bearish, Van de Poppe states that he would be interested in Kaspa at levels between $0.036 and $0.04, which are approximately 24% lower than the current level.
Analyst Bullish on Render Network (RNDR)
Van de Poppe also expresses optimism about Render Network (RNDR), the native token of a decentralized graphics rendering platform. The analyst expects RNDR to continue rallying and believes that a breach of its immediate resistance will likely trigger breakout rallies.
To confirm this bullish sentiment, Van de Poppe wants to see RNDR break above $1.65. If this occurs, he anticipates further expansion and continuation with price targets set at $2.50 to $3.00.
Hot Take: Altcoins Show Promising Growth Potential
Crypto analyst Michaël van de Poppe identifies both Kaspa (KAS) and Render Network (RNDR) as altcoins with the potential for significant growth. Van de Poppe believes that Kaspa is ready for a new upward movement, with a potential 41% increase to reach an all-time high. Similarly, he expects RNDR to continue rallying and achieve price targets of $2.50 to $3.00.
These predictions highlight the growth potential of certain altcoins in the crypto market, providing opportunities for investors to capitalize on their upward trends.
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