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A widely followed crypto trader says the collapse of FTX has sparked astonishing amounts of Fear, Uncertainty and Doubt (FUD).

Before plotting his plans for the best altcoins XRPChain link (LINK), and a token that is experiencing meteoric growth, crypto analyst Michaël van de Poppe comments on the current crypto mood.

“It’s completely understandable that people are scared and we’re getting the contagion from the FTX fallout, but the amount of FUD and negativity in the past week about literally everything in the ecosystem is just astounding.”

Entering the charts, the analyst suggests LINK’s current price level could potentially see an upside.

“This one still consolidates at the low end of the range and is a good entry if you want to look for investments.”

Source: Michael van de Poppe/Twitter

Next, Van de Poppe looks at SafePal (SFP), an altcoin that has soared 124% in the past seven days.

“At some levels I would watch this one for daytrading purposes.”

Source: Michael van de Poppe/Twitter

SafePal is a decentralized cryptocurrency wallet backed by the Binance crypto exchange. It allows users to manage their crypto wallets using their mobile phones. The SFP token was created on the Binance Smart Chain blockchain and can be used to vote on the network governance protocol and staked to earn rewards.

Finally, the crypto analyst graphics XRP, the seventh largest crypto by market cap.

“I can’t say much about this one as the markets are still consolidating at support levels and full of mega fear.

Would be an entry, when it comes to investments, but it takes patience.

Source: Michael van de Poppe/Twitter

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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any loss you may incur is your responsibility. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment adviser. Please note that The Daily Hodl engages in affiliate marketing.

Featured Image: Shutterstock/Athitat Shinagowin





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