Crypto analyst Michaël van de Poppe predicted that major changes in Ethereum (ETH) will prevent the SEC from granting consent to applications for a spot Ethereum exchange-traded fund (ETF). He duly informs his 717,600 followers that, in his opinion, this isn’t going to happen anytime soon.
The U.S. Securities and Exchange Commission (SEC) is expected to approve or disapprove applications related to the ETH ETF submitted by large companies such as Hashdex and Ark 21Shares. Van de Poppe believes that the SEC’s ruling on this matter will have a significant impact on the market capitalization of altcoins.
Incidentally, the trading value of AIOZ is $0.795.
Ethereum upgrade service Arbitrum (ARB) is another altcoin on traders’ bucket lists, and it’s nearing the end of its correction. Due to large outflows, the market fills the gap related to the market. ETH is expected to fall below $2,700 before reaching $3,800 again.
The current value of ETH is $2,920.
The next layer 1 crypto project is AIOZ. According to Van de Poppe, the upward trend is expected to remain as long as it continues to trade above $0.65. In his opinion, this is the most promising and strongest asset. It will remain between $0.63 and $0.68. In the next phase, it is likely to rise to between $.35 and $1.45.
In all probability, ARB could fall to $0.90.
Another altcoin that Van de Poppe is targeting is the legacy asset associated with the video-sharing blockchain Veracity VRA, which is currently in a downward trend and could reach $0.004. But as of now, it is $0.0051.