Michael van de Poppe is confident that another growth impulse will significantly increase the value of some digital coin.
Trader Michael van de Poppe named four altcoins, which, in his opinion, will show rapid growth in the near future.
Ripple (XRP)
According to the analyst, the Ripple token (XRP) looks the most ready for growth and renewal of the all-time high.
In the event of another impulse, the price of a digital coin may reach $ 2.8 (an increase of 124% from current levels), and then exceed $ 4.3 (an increase of 244% from current levels), van de Poppe claims.
XRP is trading at $ 1.25 on Aug 24. Over the past month, the cryptocurrency has grown by 127%.
Ripple is currently being litigated in the US. In late 2020, the Securities and Exchange Commission (SEC) accused the company of selling $ 1.3 billion in unregistered securities under the guise of XRP tokens.
Stellar (XLM)
The Stellar token has every chance to reach a local maximum of $ 0.80 in the near future (an increase of 116% from current levels), the analyst predicted.
At this level, the altcoin will linger for a while in order to build up its positions, and after that it will return to growth, van de Poppe said. On August 24, Stellar is priced at $ 0.37. Over the month, the digital coin has grown by 40%.
Stellar is a decentralized blockchain platform for real-time cryptocurrency transactions.
The platform uses the XLM token as an internal token.
Litecoin (LTC)
Litecoin managed to stay above the key support level paired with Bitcoin, which indicates the altcoin’s readiness to grow by 170%, to 0.01 BTC ($ 497 at the current rate ), the analyst said.
On August 24, Litecoin is trading against Bitcoin at 0.0037 BTC ($ 183.9).
Litecoin is a global decentralized p2p payment network built on the Bitcoin blockchain.
Tezos (XTZ)
At the moment, the XTZ token forms the basis for 68% growth when paired with Bitcoin, van de Poppe pointed out.
According to him, in the future, Tezos will break out to the resistance zone, which is at the level of 0.00013 BTC ($ 6.4). On August 24, the value of altcoin in relation to bitcoin is 0.000087 BTC ($ 4.3).
Tezos is a decentralized blockchain platform with smart contract support and the ability to create tokens and decentralized applications (dApps).
