Altcoins
A small-cap altcoin on the verge of a major breakthrough, says analyst Michaël van de Poppe: Here are its goals
A widely followed cryptocurrency analyst believes an under-regarded altcoin is on the verge of a huge breakthrough.
Cryptocurrency trader Michaël van de Poppe tells his 722,400 followers on the social media platform X that Omni Network (OMNI), which aims to integrate Ethereum (ETH) the rollup ecosystem into a single unified network, could soon increase by more than 16% from its current value and continue to grow.
“I am very interested in the newer coins, especially those listed on Binance. OMNI is one of them, which is on the verge of a big breakout to the upside. It needs to break above $16, but first of all, it needs to hold above $12.50 as support.”
Source: Michaël van de Poppe/X
At the time of writing, OMNI is trading at $13.70, up nearly 3% in the last 24 hours.
Next up is the analyst He says Bitcoin (BTC) is likely in an uptrend and could revisit the all-time highs (ATH) around $73,000 after a period of consolidation. He also believes that Bitcoin could get a boost from the expected approval of spot ETH exchange-traded funds (ETFs).
“Bitcoin is back in the range. We will likely see a continuation from here towards the all-time high. I think we will consolidate a bit more and start to see substantial strength from ETH after the ETF listing.”
Source: Michaël van de Poppe/X
The analyst also has actions A chart showing that retail investor demand is at its lowest in three years, down 15% over the past 30 days, suggesting that demand from this class of investors will soon reverse and send Bitcoin’s value skyrocketing.
“This is a fantastic chart and visualizes current sentiment. The gap between institutional interest in Web 2.0 and Web 3.0 sentiment has never been bigger. This is the lowest point in years on the demand side. This is going to change direction for Bitcoin. Now is the time.”
Source: Michaël van de Poppe/X
At the time of writing, Bitcoin is trading at $66,852, up 5% in the last 24 hours.
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