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