A widely respected cryptocurrency analyst has updated his outlook for three digital assets, saying the next two months will be dynamite for altcoins.
Cryptocurrency strategist Michaël van de Poppe says A 676,100 follower on social media platform
“Bitcoin is still consolidating around $43,000 and Ethereum is gaining more momentum. The bottom for ETH/BTC is near or perhaps at the bottom. The next two months will see more biographies about altcoins. have a great time!”
ETH/BTC is trading at $0.0536 at the time of writing.
Van de Poppe goes on to present his outlook on layer 2 blockchains Optimism (OP) and Arbitrum (ARB), as well as the popular meme asset Pepe (PEPE).
According to analysts, meme coin PEPE is exhibition It could gain a lot of momentum and eventually become the next Dogecoin (DOGE), while also noting that buying the dip is a viable strategy.
“This shows a lot of momentum but I hope to see a retest at 1285-1350 and continue into 2000. Buying dips in this product is an appropriate strategy at this stage of the market. It might be the new DOGE.”
PEPE is trading at $0.000002 at the time of this writing.
Moving to Layer 2 Scaling Solutions Optimism, van de Poppe Called It appears to follow the same path as Ethereum (ETH), the leading smart contract platform.
“Another follows the path of Ethereum. If you have a fix, I recommend looking at the area between $1.85-1.935 to see if you have the right one. Now you’re basically chasing candles.”
OP is trading at $2.11 at the time of this writing.
strategist conclusion Like OP, ARB is following Ethereum’s path and is setting the stage for a surge to the $1.30 level, he said, adding that he expects a strong first quarter as well.
“Arbitrum is following in Ethereum’s footsteps. Ethereum is going strong, so is Arbitrum, and so is Optimism. There will be a big move here and perhaps some retests lower. But it looks poised for strength at $1.30 and in the first quarter.”
ARB is trading at $1.16 at the time of this writing.
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