Crypto Analyst Michaël van de Poppe Says This Ethereum (ETH)-Based Altcoin Is Ready to Skyrocket

In a new strategy session, crypto trader Michaël van de Poppe tells his 732,000 followers on the social media platform X that decentralized credit marketplace Clearpool (CPOOL) is gearing up for a massive rally and should break out if it shoots past the $0.22-$0.23 level.

Crypto analyst Michaël van de Poppe is keeping a close eye on one Ethereum-based altcoin, predicting a potential skyrocket in its price. Here's what he had to say.

Michaël van de Poppe, a popular crypto analyst, recently shared his analysis on the price movements of several cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Clearpool (CPOOL).

DeFi Credit Marketplace Clearpool (CPOOL) Token Might Skyrocket

renowned crypto analyst Michaël van de Poppe is keeping a close eye on the decentralized credit marketplace Clearpool (CPOOL) token, predicting a potential skyrocket in its price if it can break past the $0.22-$0.23 resistance zone.

“CPOOL is nicely consolidating and preparing for a big breakout. I think RWA (real-world assets) is going to be a big pillar of this market, through which I assume we’ll see upward momentum after a test at $0.22-0.23.”

According to CoinGecko, the CPOOL token is currently valued at $0.223, with a marginal decrease of 0.7% over the last 24 hours. However, the token has seen a significant surge of 123.2% in the past 30 days.

Clearpool is a decentralized credit marketplace that aims to connect borrowers and lenders directly, offering a wide range of crypto assets for lending and borrowing.

Top Crypto, Bitcoin (BTC) and Ethereum (ETH)

Moving on to the top cryptocurrency by market capitalization, Bitcoin (BTC), van de Poppe suggests that both Bitcoin and Ethereum are approaching a point where traders may consider buying the dips.

“Dip buying, that’s what we want with Bitcoin. Getting close to the first point of interest, and, in the meantime, ETH is getting close towards an optimal entry as well.”

At the time of writing, Bitcoin is trading at $89,250, showing a slight decrease of 0.3% over the last 24 hours. However, BTC has seen a gain of 6.7% in the past 30 days.

On the other hand, Ethereum is valued at $3,040, with a 0.2% decrease in the last 24 hours. However, ETH has seen a 30.4% surge in the past 30 days.

CryptoSlate recently covered an analysis by van de Poppe, where he discussed potential Fib levels for Bitcoin, suggesting a possible move towards $100,000.

Analyst Advises Buying the Dip in Altcoins

The crypto analyst also highlighted the importance of identifying entry points in other altcoins during the next few weeks.

“The general plan for the upcoming period is to buy the dip. It’s as easy as it is. Altcoins are likely breaking out left and right in the upcoming weeks and you’d want to maximize that through buying those 20-50% dips.”

This analysis is provided for informational purposes only and should not be considered financial advice.

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