Crypto Analyst Forecasts Altcoin Surge in Late June
In a recent discussion, crypto expert Michaël van de Poppe shared insights with his followers on social media platform X, suggesting an imminent surge in altcoins starting late June.
He anticipates a return to normal values for these digital assets after a tumultuous period earlier this year.
Van de Poppe highlighted the strength of three cryptocurrencies in particular. Bitcoin (BTC), currently trading at around $71,500, shows promising signs of upward momentum, provided it can maintain the $70,000 price level for further gains.
The upwards momentum on #Bitcoin continues to happen.
$70K broke upwards, through which the important level is to hold $70K now for continuation to the all-time high. pic.twitter.com/UJGxdGpZ8B
— Michaël van de Poppe (@CryptoMichNL) June 6, 2024
Moving on to Ethereum (ETH), Van de Poppe believes that the platform stands to benefit from financial institutions securing approval for ETH-based exchange-traded funds (ETFs) from the U.S. Securities and Exchange Commission (SEC).
READ MORE: Trader Predicts Bitcoin Could Hit $205,000 This Cycle
With Ethereum trading at $3,847, he expects a strong upward movement once S-1 filings are approved.
#Ethereum focusing on generating that higher low.
I think, certainty regarding the S-1 approvals is going to lead to a strong upwards move and the higher low.
Just a matter of patience. pic.twitter.com/yjsZybayU6
— Michaël van de Poppe (@CryptoMichNL) June 5, 2024
Regarding Polkadot (DOT), Van de Poppe suggests that despite its price slowly rising, there’s still an opportunity to accumulate positions.
He notes the project’s focus on real-world assets and the presence of promising projects like Centrifuge and Energy Web within its ecosystem.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
