A leading crypto analyst says the booming rally of Cosmos (ATOM)-based altcoin THORChain (RUNE) isn’t finished making some noise.
THORChain has been on a tear for the last month, rising 147% from $4.85 on March 1 to $11.99 at time of writing.
Despite RUNE’s incredible gains, leading crypto analyst Michaël van de Poppe tells his 579,500 followers in a tweet that THORChain still has some gas in the tank.
“I think we’re going to see a continuation towards $14.50-15 on RUNE here.”
Source: CryptoMichNL/TwitterIn general, the analyst says altcoins like RUNE are overdue for the next bullish cycle, which he thinks will be even heavier than the bull cycle in 2021.
“Altcoins had a year-long bear market. Most of them. I think they are done with that and we’re close to a new cycle…
One thing is sure, 2021 cycle was crazier than 2017 in terms of size and growth of adoption. Next one will be heavier.”
Moving on to layer-2 scaling solution altcoin Polygon (MATIC), the analyst says MATIC may drop a bit before rebounding.
“I’m still potentially looking at this level for MATIC.”
Source: CryptoMichNL/TwitterLooking at enterprise-solutions blockchain VeChain (VET), the analyst believes the altcoin’s bullish divergence is almost complete, which c
