An analyst said that recent developments in the crypto market pointed to a period similar to the Dot-Com balloon at the end of the 1990s. In the analyst’s evaluation, it was suggested that the Dot-Com period, where technology and internet-based companies experienced major value increases, could be experienced again for cryptos. Expert, corporate actors’ interest in crypto assets has increased day by day.
Trader Michaël Van de Poppe said that he expects a very positive atmosphere in crypto markets with his statements on social media. According to Van de Poppe, the current conditions of crypto assets show features close to the excessive rise period observed during the Dot-Com the balloon in the past. According to the analyst’s claim, a high amount of liquidity entry into the market and increasing adoption has carried crypos well in front of other existence classes.
The Dot-Com the balloon ended in 2000 and led to major losses of value and the bankruptcy of many companies. It is discussed that the crypto market can go through a similar cycle. However, the analyst thinks that the process is still in the stage of rise and that new peaks can be tested.
Altcoin predictions that attract attention
Van de Poppe also made price estimates for some prominent crypto currencies. Particularly, the analyst, which attracts attention to XRP, a payment -based subcoin, said that this crypto currency can approach $ 3.40, the highest level of all time. He also emphasized the important entry points for XRP and said that the level of $ 1.75 in price movements is critical.
Michaël Van de Poppe: “In this cycle, everything will rise wildly. It will be beyond what has been seen so far. Crypto, Dot-Com the balloon type in a cycle; there is plenty of liquidity and adoption.
Van de Poppe, XRP is currently $ 2.52, he said. It is important for investors to look at long -term perspective in vertical price movements, and it may be appropriate to take positions in large time periods during serious increases.
Another crypto currency on the analyst’s radar was his Solana rival. Van de Poppe predicted that SEI may increase from current levels to 169 percent. He said that the level of $ 0.30 in the short term was the target, that there may be a slight correction after this level, and then the band of 0.50 to 0.70.
Michaël Van de Poppe: “Indeed, the break and return took place, the next target is 0.30 dollars. I expect SEI to rise more significantly.
SEI is traded at $ 0.26 at the time of the news. While Van de Poppe’s statements highlight the expectation of rise in the crypto market, the risks in the Dot-Com balloon in which they analogy are indirectly drawn attention. The expert emphasized the issue of careful monitoring of price movements and conducting transactions in large time periods.
According to the analyst’s views, the increasing interest of institutions to the sector, Bitcoin $103,910.46 And it can support prices in various subcoins. However, it should be taken into consideration that there may be great corrections after the rapid rise in the past. It is recommended that investors pay attention to analysis and market movements in such periods and adopt long -term and cautious approaches. Considering the volatility in crypto markets, the implementation of risk management strategies when price tracking during rise periods is critical.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
