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The post Top Altcoins That are Poised to Outperform Bitcoin appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Micheal Van De Poppe drops a list of 5 altcoins that can outperform the king coin “ Bitcoin”. He is positive and optimistic about these altcoins and he is also hinting towards a bullish rally. In a series of tweets he tells his 207,700 followers that he’s keeping a close watch on these 5 altcoins.

Since the beginning of this bull run, Litecoin has been flying under the radar. DeFi has become the talk of the industry, but the ten-year-old cryptocurrency has been quiet. This hasn’t prevented investors, as the price of LTC has risen by 550% in the last year.

Well, the overall trend is bullish and according to Van De Poppe Litecoin has started showing signs that it may be ending its three-year downtrend against Bitcoin (BTC).

As of writing LTC/BTC was trading at 0.004247. And LTC/USD was sitting at $257 with a 2.53% price dip in the last 24 hours.

Tezos (XTZ/BTC) is another coin on Van de Poppe’s radar, as the pair is bottoming out with the ability to ascend from 0.0001 to 0.00019, a 90% gain.

Tezos price seems to have finalized its consolidation period and is ready for a new leg up. And according to the analyst Tezos is already good to go, and there are a few points of interest for map entries. A new impulse wave and he hints that a bull cycle could begin if the resistance zone is broken.

Tezos price today is $6.41 XTZ price is down -0.8% in the last 24 hours.

Celer Network, a scaling framework, comes next (CELR). CELR/BTC is reaching a possible entry point at about 0.0000009, where it could reverse and rise to 0.000002 for gains of over 122%, according to the crypto trader.

“This one is consolidating here after an impulse move and I think we’ll see some more consolidation. After that period, big impulse wave and likely 200+ satoshis.”

Celer Network price today is $0.065352. CELR price is up 3.0% in the last 24 hours.

Ocean Protocol (OCEAN/BTC), a data-sharing blockchain, is ranked fourth. According to the crypto analyst, OCEAN will continue to rise against BTC, with gains of over 35% from 0.000028 to 0.000038.

“Bullish continuation here in which I assume we’ll see that continuing if 2,700-2,800 satoshis holds. If that happens, the next target zone [is] around 3,800 satoshis.”

Ocean Protocol price today is $1.72. The price is down -2.0% in the last 24 hours.

The privacy-focused crypto asset Komodo (KMD/BTC) is the final coin on Van de Poppe’s radar. According to the crypto trader, the KMD/BTC pair could keep support at 0.00005 in order to make a higher low and continue its bullish ascent to 0.00012, resulting in a 140% rise.

This one according to him is about to embark on a new bull run. The region between 500 and 575 satoshis is where he will be looking for submissions. The next zone being 1,200-1,300 satoshis if that holds.

Komodo price today is $3.58. KMD price is up 0.3% in the last 24 hours.

One thought on “Top Altcoins That are Poised to Outperform Bitcoin

  1. Rising inflation. Energy crisis. Soaring electricity bills. Hapless governments who seem helpless to the world spiraling out of control. Times are getting tougher than ever before. That’s why we take our financial future into our own hands and invest in crypto.

    The bear market still wraps its deadly paws around us, so we are used to seeing red and redder these days. Green is as rare as the unicorn. The only consolation is that these losses could be useful when it comes to tax loss harvesting.

    Just when the macro environment is hit by a deluge of unsavoury elements, we still have capital gains taxes to contend with. India hogged global headlines this April when it increased its capital gains tax to 30%. But if we compare tax rates across countries, we will soon realise that 30% is actually the norm. In fact, people in some countries pay more than 30%. In Ireland, capital gains tax is 33% on all profits after the first €1270. Denmark tops the chart, not because of its happiest people, but because it is the country with the highest capital gains tax at 42%. How can crypto investors make profits when they are expected to pay so much taxes?!

    What is the capital gains tax in your country? Does it weigh heavily on your mind and influence your behaviour? Are you stressed out by taxation – such that you find yourself making more conservative moves than you would ideally want to do? And how do you factor in taxes during these wild times?

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