A well-known cryptocurrency analyst predicts that altcoins will initiate a significant surge by the end of June.
In a recent post, crypto trader Michaël van de Poppe updates his 719,600 followers on X social media platform, indicating that altcoins are gearing up for a return to their normal values.
“The altcoins are prepared for an upward trend. I anticipate a surge in momentum from late June to September – October. A reevaluation back to their regular values following the earlier decline in the year.”
Van de Poppe also highlights the strength of three cryptocurrencies. He mentions that Bitcoin (BTC) is demonstrating signs of upward momentum, emphasizing that if Bitcoin can maintain the $70,000 price level, it may achieve new all-time highs.
“The uptrend of Bitcoin is ongoing. Breaking through $70,000 is significant, and now the key is to hold $70,000 for further progress towards the all-time high.”
Bitcoin is currently priced at $71,595.
Shifting focus to Ethereum (ETH), Van de Poppe suggests that the leading smart contract platform could benefit from financial institutions obtaining approval from the U.S. Securities and Exchange Commission (SEC) for ETH-based exchange-traded funds (ETFs).
“Ethereum is aiming for a higher low. I believe that certainty around S-1 approvals will lead to a strong upward movement and a higher low. It’s just a matter of waiting.”
Ethereum is valued at $3,847.
Wrapping up his analysis with the layer-2 scaling solution Polkadot (DOT), Van de Poppe mentions that there is still time to accumulate despite the gradual increase in price.
“DOT is experiencing significant growth in fundamentals. They are concentrating on real-world assets and have several promising projects within the ecosystem (Centrifuge and Energy Web). The price is gradually rising, and I believe it’s still a good time to build a position.”
Polkadot is currently trading at $7.28.
To stay updated, subscribe for email alerts directly to your inbox. Follow us on X, Facebook, and Telegram for the latest price action.
Disclaimer: The opinions expressed by The Daily Hodl are not financial advice. Investors should conduct thorough research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. All transfers and trades are done at your own risk, and any losses incurred are your responsibility. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is it an investment advisor. Please be aware that The Daily Hodl engages in affiliate marketing.