Cryptocurrency analyst Michaël van de Poppe made optimistic predictions about the future of the market and made remarkable predictions about important altcoins. In his evaluations regarding the levels of Bitcoin (BTC) $98,719 and Ethereum (ETH) $3,380, Poppe predicted that a new altcoin season would begin with the rise of Bitcoin. In this context, a major price increase was also expected for the Stacks (STX) token.
Van de Poppe stated that Stacks (STX) has been in a consolidation period for a long time and that if its price rises above the $ 2.20 level, it can reach new records. Poppe emphasized that STX has a great potential to rise, especially with the successful completion of the Nakamoto update. These expectations indicate a 109% increase from STX's current price level. The analyst thinks that the performance of STX and similar projects will strengthen even more with the rise of Bitcoin.
Poppe, who also made remarkable predictions for Bitcoin and Ethereum, predicted that Bitcoin could reach levels of $100,000 to $120,000 in the next 1-2 months. He stated that this price movement could re-trigger the altcoin season of 2017 and said that Bitcoin's rise would reflect positively on the altcoin market. However, he advised investors to be prepared for these price movements.
In his predictions regarding the Ethereum-Bitcoin (ETH/BTC) parity, Poppe predicted that Ethereum could lose value against Bitcoin. He stated that if the ETH/BTC parity cannot overcome the critical resistance level, Ethereum could decline to 0.03 BTC levels against Bitcoin. He said that this decline could create a bottom in December and then a reverse movement could follow.
Poppe’s predictions provide an optimistic outlook for the overall market outlook. However, it is important to remember that in volatile crypto markets, these predictions can change depending on market conditions. For investors, Poppe’s analysis can provide guidance on potential price movements.
