A generally followed analyst is of the opinion that crypto is ready to replicate a bubble that was observed in the late 1990s, caused by an increase in the adoption of the internet.
Trader Michaël van de Poppe tells His 785,900 followers on the social media platform X that he is extremely bullish on the cryptomarkt as the regular institutional players begin to embrace the activa class.
According to Van de Poppe, the circumstances in the crypto market are reminiscent of the DOT-COM era, when technology and web-based companies rose their appreciation while investors were piling up and overloaded on the emerging sector.
“Everything I know:
This is the cycle in which everything goes ballistic.
Higher than ever.
The DOT-Com Bubble-Type cycle for Crypto, where a lot of liquidity flows in this activa class and a lot of adoption.
It is actually the only asset class that considerably surpasses everything than everything. “
The Dot-Com bubble exploded in 2000, destroyed $ 5 trillion of wealth and drives thousands of companies into bankruptcy.
An Altcoin on the trader’s radar for a potential repetition of the DOT-Com Bubble is payments Altcoin XRP. Van de Poppe to predict That the coin comes close to its highest (ATH) of $ 3.40.
“If things get absolutely vertical, that is the moment you want to zoom out and get higher time frame points.
The same applies to XRP.
Marked the level around $ 1.75 as an important for entries and it has since risen 50%.
I assume we will attack the ATHS soon. ‘
At the time of writing, XRP is worth $ 2.52.
The trader is also Bullish on the Solana (SOL) rival Sei (SEI). Van de Poppe to predict That SEI will meet with no less than 169% compared to the current levels.
“Indeed, break and flip and the next goal is $ 0.30.
I think Sei will be considerably more trending.
First stop is $ 0.30, then a small correction for people to jump into the active and then we continue to $ 0.50-0.70.“
At the time of writing, SEI is worth $ 0.26.
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Generated image: midjourney
