XRP, Chainlink (LINK) and Polygon (MATIC) To Hit New Bulls

It has been revealed the fact that XRP, LINK, and MATIC will be hitting new bulls. Check out the latest reports about this below.

A popular cryptocurrency trader has predicted that several altcoins, including XRP, Chainlink (LINK), and Polygon (MATIC), will experience bullish trends.

Michaël van de Poppe, an analyst with over 660,300 Twitter followers, believes that XRP may face a slight dip to around $0.65 before it resumes its upward momentum.

However, he also anticipates that the subsequent rally could push XRP as high as $0.90.

“Mega move. For scalps, I’d be interested in the ranges of $0.65-0.69 on this one. If that sweep happens, probably we’ll have a new leg up after.”

At time of writing, XRP is worth $0.72.

Moving on to Chainlink, a decentralized oracle network. According to Van de Poppe, the value of LINK is expected to increase significantly as the altcoin has regained support at $6.

“So far, so good for Chainlink.

Needs to hold above $6.”

Regarding the trader’s chart, as noted by the online publication the Daily Hodl, he seems to predict that LINK could rally to as high as $16. As of now, LINK is being traded at $6.92.

The blockchain-scaling solution, Polygon, is the latest altcoin on the analyst’s radar. As per Van de Poppe, MATIC may experience a decline as low as $0.75 before commencing its next rising phase.

“Two areas of interest on this one. Aggressive approach, I’d be interested at $0.79-$0.80. Conservative approach, I’d be interested at $0.75. Probably not done with this upwards momentum.”

The upcoming Bitcoin halving event will be forming a crucial test for miners as they navigate reduced rewards and increased production costs, according to JPMorgan.

“Miners with lower electricity costs would find it easier to cope after the halving event, while miners with higher electricity costs could struggle post halving event,” JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a report on Thursday. Put simply, the halving event will determine miners’ ability to adapt and remain profitable in a changing environment.”