Cryptocurrency analyst Michaël van de Poppe made optimistic predictions for assets such as Bitcoin, Ethereum, and Stacks. Poppe stated that with the rise of Bitcoin, a new altcoin season will begin and that Bitcoin will have a great impact on the market, which will positively affect investors.
Poppe also made a remarkable prediction for Stacks (STX), Bitcoin’s layer-2 solution. He stated that Stacks, which has been moving sideways for a long time, will make a significant increase if its price exceeds $ 2.20. Stating that this rise indicates a 109 percent increase from the current level, Poppe also emphasized that STX has great growth potential after the “Nakamoto update.”
Poppe believes that a possible increase in the price of Bitcoin could further increase the value of tokens like STX, and he thinks that Stacks will attract market attention after the consolidation process.
Poppe, who has a very optimistic view on Bitcoin, predicts that the price could reach $100,000 to $120,000 in the next few months. He also stated that this increase could trigger a new altcoin season, as it has in the past.
In his comments on Ethereum, Poppe focused on the Ethereum and Bitcoin (ETH/BTC) parity. He stated that if ETH/BTC cannot overcome critical resistance levels, Ethereum may lose value against Bitcoin. The analyst stated that this situation could bottom out towards the end of the year, and then added that the probability of recovery is high.
Reminding that precise predictions are difficult due to the volatile nature of cryptocurrency markets, Poppe said that these projections can guide investors about possible scenarios, but he emphasized the importance of investors making decisions by carefully following market dynamics.
