A widely followed crypto analyst says that the next two months will be dynamite for altcoins as he updates his outlook on three digital assets.
Crypto strategist Michaël van de Poppe tells his 676,100 followers on the social media platform X that while the bottom for the BTC/ETH pair may be coming in, the next two months will be “electric” for altcoins.
“Bitcoin still consolidating around $43,000 while Ethereum is taking more momentum. The bottom for ETH/BTC is close or maybe in. Coming two months are going to be electric for altcoins further. Enjoy the ride!”
ETH/BTC is trading for $0.0536 at time of writing.
Van de Poppe goes on to give his outlook on layer-2 blockchains Optimism (OP) and Arbitrum (ARB) as well as popular meme asset Pepe (PEPE).
According to the analyst, meme coin PEPE is showing a lot of momentum and could end up being the next Dogecoin (DOGE), also noting that buying the dips is a viable strategy.
“This one shows a lot of momentum, but I’d like to see a retest at 1285-1350 and then continue towards 2000. Buying dips on this one is a proper strategy at this market stage. It may be the new DOGE.”
PEPE is trading for $0.000002 at time of writing.
Moving on to layer-2 scaling solution Optimism, van de Poppe says it appears as if it is following the same path as top smart contract platform Ethereum (ETH).
“Another one follows the path of Ethereum. If there’s a correction, then it would be wise to look at the region between $1.85-1.935 to ensure you’re getting a proper entry. Right now, you’re basically chasing the candles.”
OP is trading for $2.11 at time of writing.
The strategist concludes his analysis by saying that ARB, much like OP, is following the path of Ethereum and is setting the stage up to surge to the $1.30 level, adding that a bullish Q1 will follow.
“Arbitrum is following in the footsteps of Ethereum. Ethereum is showing strength, so is Arbitrum and so is Optimism. Great move here, probably some retests lower, but it seems ready for $1.30 and a bullish Q1.”
ARB is moving for $1.16 at time of writing.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Credit: Source link
