A renowned crypto analyst and trader has shared his insights on the current market trends, highlighting an Ethereum rival that he believes is significantly undervalued. Michaël van de Poppe, a popular crypto expert, has identified Polkadot (DOT) as a hidden gem that could follow Ethereum's upward trajectory.

According to van de Poppe, Polkadot's current valuation is extremely low, and he expects the ecosystem to experience significant growth. He points to a potential bullish divergence on the three-day chart, indicating a possible price increase. At the time of writing, DOT is trading at $6.20, down nearly 2% in the last 24 hours.

The analyst also shared his predictions for Bitcoin (BTC), expecting it to consolidate in the near term around the lower $60,000 range. He believes that altcoins will outperform Bitcoin in the short term, with BTC bouncing around $60,000 before returning to around $64,000. At the time of writing, Bitcoin is trading at $60,757, down 1.47% in the last 24 hours.

Van de Poppe also expects Chainlink (LINK) to rally against Bitcoin (LINK/BTC) in the near term, bouncing off a trading range low on the weekly chart. He notes that LINK has started the week strong, up 11% on the Bitcoin pair, and expects this trend to continue. At the time of writing, LINK/BTC is trading at 0.0002308 BTC ($13.92).

In conclusion, the crypto expert's insights highlight the potential for Polkadot to follow Ethereum's upward trend, while Bitcoin and Chainlink are expected to experience price movements in the near term. As the market continues to evolve, it remains to be seen how these predictions will play out.