Michael van de Poppe predicts growth for Omni Network altcoin
Crypto trader Michael van de Poppe told his 722,400 followers on the X social network, which is banned in Russia, that the Omni Network token (OMNI), which aims to integrate the Ethereum deployment ecosystem (ETH) into a single unified network, could soon rise in value by more than 16%.
I'm very interested in new coins, especially those listed on Binance. OMNI is one of those that is on the cusp of a big upward breakout. It is ready to break through the $16 level, but before that it needs to hold above the support at $12.50.
In addition, the analyst noted that bitcoin (BTC) is in an uptrend after a period of consolidation and could return to all-time highs (ATH) around $73,000. He also believes bitcoin could get a boost from the expected approval of spot ETH exchange-traded funds (ETFs).
The analyst shared a chart that reflects the lowest retail investor demand in three years. This means that demand from this class of investors will soon resume and lead to a surge in bitcoin.