One Ethereum analyst who is widely respected believes that one Ethereum (ETHThe price of a competitor can more than double.
Crypto trader Michaël van de Poppe tells His 718,900 subscribers on the social network platform X interoperability Blockchain Polkadot.DOTDue to significant network advancements, ) will be on the rise.
He adds that DOT’s growth will likely be boosted by ETH.
“Polkadot did a retest at the crucial levels and wakes up slowly. Given their Polkadot 2.0 release and the JAM ( Join-Accumulate Machine) white paper and the correlation with ETH, I’m expecting a lot from them. Next target is likely $18.”
Polkadot trades for $7.14 as of the time this article was written, an increase of more than 4% over the past 24 hours.
This analyst is also believes The broader altcoin markets are entering a positive phase following a corrective period.
“The altcoin market capitalization has finished its correction. The next step: reaching all-time high, which is ~60%-70% from here. I think Ethereum is likely reaching that in the next two-four months.”
“He says Alts” outperform BitcoinBTCIn the coming months,
“The altcoins are still heavily undervalued. Most of them are down 70% against Bitcoin. That doesn’t mean we shouldn’t be having any correction, but feeling fear of missing out (FOMO) here is the wrong emotion to have. In the coming months, I expect altcoins to do way better.”
The analyst is also the last person to be considered says He is bullish about Bitcoin, but he expects it to test the $68,000 mark on the 12-hour graph before moving upward.
“Bitcoin slowly consolidating. Expecting a retest at the $68,000 mark, before a continuation upwards. The trend is clearly upwards.”
Bitcoin currently trades for $67.553, a decrease of more than 2 percent in the past 24 hours.
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Source: dailyhodl.com
