Which cryptocurrency may soon rise in price. Analyst names 4 altcoins

Michael van de Poppe believes that another growth spurt will significantly increase the value of some digital coins

Which cryptocurrency may soon rise in price. Analyst names 4 altcoins

Ripple (XRP)

The Ripple token (XRP) looks the most poised for growth and a renewal of its all-time high, the analyst said. If another boost occurs, the price of the digital coin could be as high as $2.8 (up 124 percent from current levels) and then more than $4.3 (up 244 percent from current levels), van de Poppet said. XRP is trading at $1.25 on Aug. 24. The cryptocurrency has risen 127% in the last month.

Ripple is currently undergoing litigation in the U.S. 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 of reaching a local high of $0.80 (up 116% from current levels) in the near future, the analyst predicted. At this level, the altcoin will linger for a while to build up positions, and after that it will return to growth, said van de Poppe. On August 24, Stellar stands at $0.37. The digital coin is up 40% in a month.

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 a key support level paired with bitcoin, indicating the altcoin is ready to grow by 170%, to 0.01 BTC ($497 at the current exchange rate as of 10:20 MSK), the analyst said. On August 24, Litecoin is trading at 0.0037 BTC ($183.9) against bitcoin.

Litecoin is a global decentralized p2p payment network built on the bitcoin blockchain.

Tezos (XTZ)

Right now, the XTZ token forms the basis for a 68% growth rate paired with bitcoin, van de Poppe pointed out. According to him, in the long term, Tezos will break out to the resistance zone, which is at 0.00013 BTC ($6.4). On August 24, the value of altcoin against bitcoin is 0.000087 BTC ($4.3).

Tezos is a decentralized blockchain platform with support for smart contracts and the ability to create tokens and decentralized applications (dApps).

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