A widely respected cryptocurrency analyst has said that altcoins are poised to trigger a massive rally starting in late June.
In a new thread, cryptocurrency trader Michaël van de Poppe told his 719,600 followers on social media platform
“Altcoins are poised for an upswing. I think we’ll see a lot of momentum from the end of June through September-October. “After the big fall at the beginning of the year, prices have been adjusted back to normal prices.”
Van de Poppe went on to say that the three cryptocurrencies are also showing strength. Bitcoin (BTC) is showing signs of upward momentum, according to traders, noting that the cryptocurrency king could hit a new all-time high if it can sustain the $70,000 price level.
“Bitcoin’s upward momentum continues to occur. “$70,000 has been breached, and with that, the important level is to hold $70,000 now to continue the all-time high.”
At the time of this writing, Bitcoin is trading at $71,595.
Van de Poppe moves to Ethereum (ETH), making it the leading smart contract platform at scale as financial institutions secure S-1 filings for an ETH-based exchange-traded fund (ETF) approved by the U.S. Securities and Exchange Commission (SEC). He said he would get this benefit. secretary).
“Ethereum is focused on creating higher lows. I think certainty about S-1 approval will lead to strong bulls and higher bottoms. It’s just a matter of patience.”
As of this writing, Ethereum is worth $3,847.
The analyst concludes his analysis with layer 2 scaling solution Polkadot (DOT), saying that despite its price rising slowly, there is still time to accumulate.
“DOT is making great progress in fundamental growth. They are focused on RWAs (real world assets) and have several great projects within their ecosystem (centrifuges and energy web). “Now prices are starting to rise and I think it’s still a good time to accumulate positions.”
DOT is trading at $7.28 at the time of this writing.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us XFacebook, Telegram
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Featured image: Shutterstock/lassedesignen/Natalia Siiatovskaia