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    Home»Altcoins»Crypto Dealer Says One High-50 Altcoin May Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum – The Day by day Hodl
    Crypto Dealer Says One High-50 Altcoin May Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum – The Day by day Hodl
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    Crypto Dealer Says One High-50 Altcoin May Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum – The Day by day Hodl

    By Crypto EditorNovember 21, 2024No Comments3 Mins Read
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    Cryptocurrency analyst and dealer Michaël van de Poppe is leaning bullish on one top-50 altcoin by market cap whereas providing his perception on Bitcoin (BTC) and Ethereum (ETH).

    Beginning with Stacks (STX), Van de Poppe tells his 738,800 followers on the social media platform X that the native token of the Bitcoin layer-2 challenge might go up by roughly 109% from the present degree after a consolidation part that has taken over six months.

    “The markets are waking up, that means you ought to be scanning for tasks prepared for a breakout.

    One is STX, which has been consolidating for 200+ days.

    They’ve efficiently accomplished the Nakamoto improve [a hard fork that was designed to, among others, improve the transaction speed]!

    Break above $2.20 after which it ought to run to a brand new all-time excessive.”

    Supply: Michaël van de Poppe/X

    STX is buying and selling at $1.85 at time of writing, about 52% beneath the all-time excessive worth of $3.86 reached in early April.

    Turning to Bitcoin, the extensively adopted dealer says that the crypto king might attain a worth of between $100,000 to $120,000 over the “coming one to 2 months.”

    “After that, the beginning of the altcoin season identical to 2017 has been.”

    Bitcoin is buying and selling at $93,700 at time of writing.

    Subsequent up is the Ethereum/Bitcoin (ETH/BTC) pair. In accordance with Van de Poppe, the ETH/BTC pair is more likely to backside out subsequent month after failing to interrupt above a key resistance degree and if it continues falling additional.

    “ETH couldn’t flip the realm at 0.036 BTC and continues to fall.

    We’re ready for help to be discovered. If this downtrend continues, then we’re seemingly seeing 0.03 BTC in December and reverse from there.”

    Supply: Michaël van de Poppe/X

    Ethereum is buying and selling at 0.03302 BTC ($3,094) at time of writing.

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    Disclaimer: Opinions expressed at The Day by day Hodl will not be funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any losses it’s possible you’ll incur are your accountability. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please word that The Day by day Hodl participates in internet online affiliate marketing.

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