3 Top Ethereum Competitors for Massive Profits in 2023

Ethereum Competitors
  • Michael Van de Poppe is planning to increase his holdings in several alternative cryptocurrencies (Ethereum Competitors).
  • Ahead of the Fed’s decision on the inflation rate next week, the crypto strategist also makes BTC predictions.

Eight’s founder and CEO Michael Van de Poppe has stated his intent to increase his holdings of select altcoins. The cryptocurrency expert has chosen three Ethereum Competitors.

Coins such as Chainlink (LINK), XCad Network (XCAD), and Skale are alternatives to Ethereum that Van de Poppe is interested in purchasing (SKL). He predicts that investors will make a killing on these three Ethereum kille.

In addition, Van de Poppe informed his 636,000+ Twitter followers that he intends to purchase additional tokens of Concordium (CCD), Near Protocol (NEAR), and Elrond (EGLD).


An elite cryptocurrency analyst justified his intention to increase his holdings of Concordium. Beyond its initial niche, he predicted that enterprise-grade blockchain would offer a number of expansion opportunities.

In this way, the cost of CCD would skyrocket. NEAR, according to the crypto strategist, has been in a bearish retest. Once it regains the $3.10 level, however, it will trigger a rise to $4.

Quant (QNT) Another Ethereum Competitors

Quant is one of the strongest ethereum competitors. Below a a statement from van de Poppe:

“Although businesses are its primary market, it has applications for a wide range of other projects and users in fields like the DeFi community, the metaverse, and the gaming industry.” Additionally, Van de Poppe disclosed that he is still analyzing the price movement of Quant, the native token of interoperable blockchain technology (QNT).

That’s why, once he identifies a favorable entry point, he’ll jump into the trade. According to the crypto strategist, QNT is currently in a corrective phase, and if the correction were to reverse, the altcoin would be able to turn the resistance near $178 into support.

In the present time frame, QNT is clearly in a downward trend. If it manages to reverse the current downward trend and overcome the resistance at $176.50 to $178.00, this area of resistance may become the new support. He added that if this turnaround materializes, QNT could return to the $191.6 zone again.

He did add, however, that if the downward trend in QNT continues, the stock price could fall to $158.8. According to the latest prices on Coinmarketcap, QNT has gained 1.84 percent in the last 24 hours, making it worth $175.14 at the time of writing.

Van de Poppe BITCOIN Predictions

Moreover, the crypto analyst forecasted that this week’s release of US Personal Consumption Expenditure (PCE) data will be pivotal, and that it could lead to a breakout in BTC’s price. On October 28th, the PCE reading for last month will be released.

To what extent Van de Poppe’s forecasts come true depends on a number of interrelated macroeconomic variables, including the timing of the release of this data. In a tweet, Van de Poppe said, “this final resistance needs to break so the party can start.”

Even though it is less important than the Consumer Price Index (CPI) data, the PCE data release occurs at a pivotal time for the cryptocurrency market. Signs from the physical world also showed that the resistance level corresponding to BTC’s 2017 high had begun to budge.

The crypto market will be heavily influenced by the Fed’s decision next week. This is due to the fact that the Federal Reserve will base its interest rate decision on inflation and price level data from the CPI and PCE.

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One response to “3 Top Ethereum Competitors for Massive Profits in 2023”

  1. […] However, many large financial institutions still avoid cryptocurrency investments. […]

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