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Home»ALTCOIN NEWS»Trader Michaël van de Poppe predicts all-time highs for two altcoins, updates outlook on Bitcoin and wormholes
ALTCOIN NEWS

Trader Michaël van de Poppe predicts all-time highs for two altcoins, updates outlook on Bitcoin and wormholes

By Crypto FlexsOctober 7, 20243 Mins Read
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Trader Michaël van de Poppe predicts all-time highs for two altcoins, updates outlook on Bitcoin and wormholes
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A widely respected cryptocurrency trader has updated his outlook for Bitcoin (BTC) and cross-chain protocol Wormhole (W), predicting that the two altcoins will hit new all-time highs.

In a new strategy session, cryptocurrency analyst Michaël van de Poppe told his 728,300 followers on social media platform

Traders say SUI will ultimately hit a new all-time high after a correction.

“SUI – where can I buy it? Although technically there is a chance for it to be better (expected value), SUI will likely be one of the coins to achieve a top 10 ranking at the end of the cycle. The aggressive entry point is $1.50-$1.60. A conservative entry point is $1.30-$1.40. target? “It has reached an all-time high.”

Source: Michaël van de Poppe/X

SUI is trading at $1.92 at the time of this writing.

Van de Poppe goes on to say that the decentralized machine learning network Bittensor (TAO) is poised to move towards new highs, with the $500 level acting as support and the $620 level indicating an important breakout zone.

“The next thing to hit an all-time high will probably be TAO. Super powerful returns, super powerful assets. I am expecting a test of the $500 hold for support after which we will run towards new all-time highs. Critical Breakout: $620.”

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Source: Michaël van de Poppe/X

TAO is worth $650 at the time of this writing.

Moving on to interoperability platform Wormhole, traders say it’s “finally” looking good and should continue to rise if it stays above $0.25.

“The W finally looks really good. We have secured liquidity and are currently looking for higher lows. If it stays above $0.25, I expect there to be some continuation from here. The optimal entry to buy is $0.25-$0.275.”

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Source: Michaël van de Poppe/X

W is trading at $0.351 at the time of this writing.

As for Bitcoin, Van de Poppe says BTC is gearing up for a rally that will last until December.

“The market continues to show upward momentum, especially with the re-staking coin awakening. Bitcoin has recovered above $62,000 and is poised for an October-December rally.”

As of this writing, BTC is worth $63,814.

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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 that 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/DanieleGay/Sashkin

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