Ethereum

Polkadot

Chainlink

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-ethereum-and-polkadot-price-movements/" data-wpel-link="internal">Analyst Predicts Ethereum and Polkadot Price Movements</a><br></p>
<p style="text-align: justify">While the ETF process that started with Bitcoin in cryptocurrencies is gaining momentum, there are comments that a spot <a href="https://en.coin-turk.com/ethereum-price-momentum-slows-down-4/" data-wpel-link="internal">Ethereum</a> ETF could be approved next week. Additionally, attention seems to be turning to the possibility of a rise in ETH. A famous analyst shared his predictions on how a potential price movement in Ethereum could affect a significant altcoin, as well as his views on Bitcoin and LINK.</p> 
<h2 style="text-align: justify" id="analyst-s-dot-comments">Analyst’s DOT Comments</h2> 
<p style="text-align: justify">One of the well-known analysts in the cryptocurrency world pointed out that Ethereum’s (ETH) rival cryptocurrency is far from its fair value and drew attention. Michaël van de Poppe, one of the leading names in the cryptocurrency world, stated on X that Polkadot (DOT), known as a Layer-2 scaling solution, could accompany a rise in ETH.</p> 
<blockquote> 
 <p>DOT will likely follow Ethereum in its upward expansion. This means Polkadot’s current valuations are extremely low. I expect a lot from the Polkadot ecosystem with all the new segments.</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-366454" src="https://coin-turk.com/wp-content/uploads/2024/06/link-coin-turk-com.png" alt="" width="913" height="512"></p> 
<p style="text-align: justify">When examining the chart shared by the analyst, there is a prediction of a price deviation on the three-day chart for DOT. On the other hand, when examining the price of DOT, it is seen that after a 3.28% drop in the last 24 hours, the altcoin found buyers at the level of $6.08. DOT’s <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> cap is $8.7 billion, while its trading volume realized only $111 million after a drop of over 38%.</p> 
<h2 style="text-align: justify" id="bitcoin-price-commentary">Bitcoin Price Commentary</h2> 
<p style="text-align: justify">According to the analyst, a period of stagnation is starting in Bitcoin’s (BTC) price. Poppe expects the price to start consolidating below the $60,000 level soon.</p> 
<blockquote> 
 <p>Bitcoin retested $61,000. I expect it to continue consolidating here, assuming altcoins will have higher returns than Bitcoin.</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-366455" src="https://coin-turk.com/wp-content/uploads/2024/06/bitcoin-coin-turk-com-2.png" alt="" width="922" height="472"></p> 
<p style="text-align: justify">After all the price movements, the analyst states that Bitcoin will rise from the $60,000 level and return to the $64,000 level in the <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">future</a>. Bitcoin is finding buyers at the $60,900 level at the time of writing, after a rise of less than 1% in the last 24 hours.</p> 
<h2 style="text-align: justify" id="link-coin-comments">LINK Coin Comments</h2> 
<p style="text-align: justify">Finally, the analyst, examining Chainlink (LINK), emphasized the possibility of the price rising against Bitcoin.</p> 
<blockquote> 
 <p>This weekly candle with +11% in the Bitcoin pair is quite an important start for LINK. This is still a low cycle and likely the bottom point during this consolidation period.</p> 
</blockquote> 
<p style="text-align: justify"><strong>LINK/BTC</strong> continues to trade at 0.0002308 BTC ($13.64) at the time of writing, which means a drop of approximately 3.66%.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/analyst-predicts-ethereum-and-polkadot-price-movements/" data-wpel-link="internal">Analyst Predicts Ethereum and Polkadot Price Movements</a></h5>

Analyst Predicts Ethereum and Polkadot Price Movements

Table of Contents

COINTURK NEWS

Other articles published on Jun 29, 2024

Harga Notcoin Uji Level Kritis, Pemulihan di Depan Mata?

Amazon Acquires Adept Leaders to Advance AI Development

MetaMask in Hot Water: SEC Alleges Unregistered Broker Activity, $250M in Fees

Trust Wallet Simplifies Crypto Management

ETH and DOT Predicted to Surge: Analyst Highlights Key Buying Opportunities

BREAKING: There is a New Development in Binance-SEC Case

Join our free newsletter for daily crypto updates!