Michaël van de Poppe, a prominent crypto analyst, predicts that the collective altcoin market cap will soar to unimaginable heights, surpassing expectations.
Van de Poppe emphasizes that altcoins will break their previous all-time highs and reach new, unprecedented levels.
He suggests that many of the top-performing altcoins have yet to emerge.
Ethereum (ETH) in a ‘Waiting Game’
Van de Poppe analyzes Ethereum (ETH), the leading altcoin by market cap, and describes it as being in a ‘waiting game’ before its next significant price surge.
He notes that ETH has flipped the $2,150 level for support and is poised for a breakout to $3,500.
At the time of writing, ETH is valued at $2,560, reflecting an 11.3% increase over the past week.
Bitcoin (BTC) Faces Resistance
Van de Poppe discusses Bitcoin (BTC), the dominant cryptocurrency by market cap, and highlights its resistance at current levels.
He expresses uncertainty about BTC’s direction after reaching the $50,000 mark within the next week or two.
BTC is currently trading at $49,737, showing a 16.5% increase in the last week.
Disclaimer
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