A largely followed analyst believes that the crypto is about to reproduce a bubble observed in the late 1990s, triggered by a wave of internet adoption.
The merchant Michaël Van de Poppe says to his 785,900 subscribers on the X social media platform that he is extremely optimistic in the cryptography market while traditional institutional players are starting to embrace the asset class.
According to Van de Poppe, the conditions on the cryptography market recall the DOT-Com era, when technological and web-based companies have seen their assessment arrows while investors have stacked and have become overexubor in the emerging sector.
“Everything I know:
This is the cycle where everything will become ballistic.
Higher than ever.
The type of dot-com bubble cycle for the crypto, where there is a lot of liquidity that flow in this asset class and a lot of adoption.
It is essentially the only class of active ingredients to surpass everything considerably. »»
The Dot-Com bubble exploded in 2000, destroying 5 dollars of wealth and leading thousands of bankruptcy companies.
An altcoin on the merchant’s radar for a potential repetition of the DOT-COM bubble is the Altcoin XRP payments. Van de Poppe provides that the medal will be close to its top of all time (ATH) of $ 3.40.
“When things become absolutely vertical, this is the moment when you want to zoom in and get higher calendar points.
The same applied for XRP.
Marked the level around $ 1.75 as important for entries and has been up 50% since.
I guess we will attack aths soon.
At the time of writing, XRP is worth $ 2.52.
The merchant is also optimistic about the Rival Solana (Sol) Sei (SEI). Van de Poppe predicts that Sei will gather up to 169% compared to current levels.
“Indeed, the break and the flip and the next target are $ 0.30.
I think Sei will take care of much more.
The first stop is $ 0.30, after that, a slight correction so that people can jump into the assets, then we will continue towards the range from 0.50 to 0.70 $.“”
At the time of writing, SEI is worth $ 0.26.
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