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Home Altcoin

Total Altcoin Market Cap Could Jump to $2,800,000,000,000, Says Michaël van de Poppe – Here’s the Timeline

n70products by n70products
February 6, 2025
in Altcoin
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Total Altcoin Market Cap Could Jump to ,800,000,000,000, Says Michaël van de Poppe – Here’s the Timeline
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Analyst and dealer Michaël van de Poppe is leaning bullish on altcoins amid a crypto market correction that resulted in digital belongings value billions of {dollars} getting liquidated earlier this week.

Van de Poppe tells his 771,900 followers on the social media platform X that 2025 might be a “huge expansive 12 months” and the market cap of altcoins may rise to $2.8 trillion.

“Altcoin market capitalization at $280 billion.

Inside the subsequent 12-24 months, this has doubtless completed a 10x.”

Image
Supply: Michaël van de Poppe/X

Turning to Bitcoin (BTC), the broadly adopted analyst says that the flagship crypto asset has not hit a cycle peak and that the “actual” bullish wave is but to return. Van de Poppe says that Bitcoin may go up by no less than 10% from the present stage this month.

“Bitcoin bounced again swiftly and is at the moment appearing throughout the vary.

I assume we’ll see new all-time highs in February and it’s fairly regular to appropriate after such a powerful bounce.

Volatility by way of the roof, however, so long as Bitcoin stays above $93,000, a brand new all-time excessive is probably going.”

Image
Supply: Michaël van de Poppe/X

Bitcoin is buying and selling at $98,141 at time of writing.

Citing the instance of cross-chain protocol Wormhole (W) towards Bitcoin on the three-day timeframe, Van de Poppe says varied crypto belongings are experiencing “huge bullish divergence.” A bullish divergence happens when the value of an asset is recording decrease highs whereas an indicator such because the Relative Energy Index (RSI) is recording greater lows.

Image
Supply: Michaël van de Poppe/X

Wormhole is buying and selling at 0.00000182 BTC ($0.179) at time of writing.

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