Michaël van de Poppe, one of the closely followed analysts in the crypto market , suggests that a token that is among the top 50 altcoins by market value is preparing for a strong breakout. The analyst expressed positive expectations for 2 altcoins in particular. He also shared his thoughts for the leading cryptocurrency Bitcoin. Here are Bitcoin and the 2 altcoins on the analyst’s list…
Bitcoin and the Six-Figure Target
Van de Poppe predicts that Bitcoin will reach six figures for the first time in history. According to the analyst, if BTC breaks the $98,000 resistance level, $100,000 will definitely be passed. BTC is currently trading at levels close to $100,000. It has also increased by 3.4 percent in the last 24 hours. These price levels are considered a sign of significant movement in the market. The analyst shared the following words about the Bitcoin price:
Bitcoin must break $98,000, then we will see $100,000 with 100% certainty. History will be made.
In addition, Bitcoin’s approach to the $100,000 psychological resistance level stands out as an important factor supporting the performance of these altcoins. Bitcoin’s rally increases the overall liquidity of the market and also increases the interest in altcoins.
Prospects for Stacks (STX)
The analyst states that Stacks (STX), Bitcoin’s second-layer solution, has the potential to rise by 70% from its current value. Stating that STX is currently pushing an important resistance level, van de Poppe adds the following words:
The Bitcoin ecosystem is heating up. STX is attacking its recent high and is likely to break above this resistance area. Next stop? I think a new all-time high.
STX is currently trading at $2.29 and is up nearly 20% in the last seven days. The coin reached a peak of $3.86 in April. If the current resistance zone is breached, the analyst believes new highs are inevitable.
VeChain (VET) and the New Ecosystem: VeBetterDAO
Van de Poppe also gives bullish signals for the supply chain management project VeChain (VET) . The analyst draws attention to the VeBetterDAO ecosystem that VET recently announced. This system rewards users for sustainable actions. The analyst explains:
VET is one of the old but appreciating coins. VeBetterDAO combines communities, real-world assets (RWA), decentralized autonomous organizations (DAO), and sustainability. In this model accessible to everyone, individuals can earn tokens through the VET ecosystem.
Van de Poppe also predicts that VET will soon test the $0.074 resistance level. Currently, VET is trading at $0.0442 and is up 8.1% over the last 24 hours.
Bitcoin and 2 Altcoins on Analyst’s List Offer Opportunity
According to the analyst’s predictions, both coins offer significant opportunities in the current market conditions. These two altcoins do not only offer short-term opportunities to investors. They also deserve to be included in portfolios in the long term with their strong usage areas. Especially new concepts such as VeBetterDAO increase the interest in projects that aim to differentiate in the crypto world.
However, the volatile structure of cryptocurrency markets and the risks they carry should not be forgotten. As we have reported at Kriptokoin.com, it is important for investors to do their own analysis and research.
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