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Popular crypto analyst predicts costs of Ethereum (ETH), Chainlink (LINK), Avalanche (AVAX), Fantom (FTM), Litecoin (LTC), and Cosmos (ATOM) if Bitcoin value hit $35,000.

Michael van de Poppe in a tweet on February 28 shared that if Bitcoin value reaches the $35,000 degree, different main cryptocurrencies may also witness some increased ranges. Typically, the crypto market strikes within the route wherein Bitcoin strikes resulting from its dominance within the crypto market. Bitcoin value determines the general bullish or bearish value motion available in the market, however not at all times.

Bitcoin Price to $35K Scenario

Bitcoin value presently trades beneath the $23,500 degree. The BTC value fell almost 2%, making the 24-hour high and low of $23,205 and $23,611, respectively. The U.S. Core PCE inflation and pressure from the central banks around the globe are the principle causes behind the latest retracement from $25,000.

Michael van de Poppe predicts Ethereum (ETH) value between $2,500-2,800 if Bitcoin reaches the $35,000 degree. Currently, the ETH value trades at $1,636, down almost 2% within the final 24 hours.

With the Ethereum Shanghai upgrade slated for March and normal bullish sentiment on Ethereum to have a greater value rally than Bitcoin, $2,500 seems to be pretty doable. The motive is, bulls will totally take over bears if Bitcoin crosses the 200-WMA at $25,100.

Further, he believes Chainlink (LINK) value will commerce between $12-15. The LINK value presently trades at $7.37, down 1% within the final 24 hours. Notably, the value has been buying and selling in the identical vary for a really lengthy interval.

Chainlink’s transfer to above $12 is supported by Chainlink’s Proof of Reserve system and Web3 options. Moreover, the partnership with the SWIFT cross-border fee system has been the spotlight not too long ago.

Michael van de Poppe predicts Avalanche (AVAX) value at $55-60 if the Bitcoin value hit $35,000. AVAX value decreased by 4% within the final 24 hours, with the value presently buying and selling at $17.53. The value has jumped after a partnership with Amazon Web Services to totally helps Avalanche’s infrastructure and dApp ecosystem.

Fantom (FTM) value is predicted to achieve $1.10-1.30. The FTM value presently trades at $0.4565, down 2% within the final 24 hours. The FTM value witnessed a serious bullish momentum within the final 2 months as a result of return of DeFi veteran and Fantom founder Andre Cronje.

He additionally predicts Litecoin (LTC) value to achieve $185-210. The LTC value is presently buying and selling at $95.82, up 1% within the final 24 hours. Litecoin is scheduled to bear halving on August 3.

Lastly, Michael van de Poppe predicts Cosmos (ATOM) value at $22-25 if Bitcoin value hit $35,000. The ATOM value is buying and selling at $12.57, down 3% within the final 24 hours.

Also Read: Vitalik Buterin Suggests Improvements On Ethereum Network

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his information about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency trade for a considerable interval and is presently masking all the newest updates and developments within the crypto trade.

The introduced content material might embrace the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability in your private monetary loss.