A popular crypto analyst is predicting good things for both an altcoin and Bitcoin.
Mantra (OM) Ready to Fly Higher
The analyst, Michaël van de Poppe, believes that Mantra (OM), a decentralized finance ecosystem, is set for more gains after a massive 2,800% increase in value this year.
He’s particularly excited about Mantra’s recent $500 million deal with a UAE developer, MAG, which he thinks will drive the coin’s price even higher.
Bitcoin’s Next Move: Six Figures?
Van de Poppe is also bullish on Bitcoin, saying it’s likely to continue its climb as long as it stays above $60,000.
He points to a number of factors supporting this prediction, including:
- Gold’s record high:
The precious metal is hitting new highs, which often signals a move towards safe haven assets like Bitcoin.
- Falling interest rates: Lower interest rates make it more attractive to invest in riskier assets like cryptocurrencies.
- Miner capitulation:
Bitcoin miners are selling off their holdings, which is a sign of a bottom in the market.
Van de Poppe believes that Bitcoin is on track to reach $110,000 in the near future.
Disclaimer: This information is for educational purposes only and is not financial advice. Always do your own research before making any investment decisions. /p>
