Cryptocurrency analyst and trader Michaël van de Poppe is predicting that the leading smart contract platform Ethereum (ETH) will hit five figures this cycle.
Van de Poppe tells his 806,900 followers on X that ETH still remains in a bullish trend and could reach the $10,000 level, a more than 120% increase from its current value.
“If there’s going to be a dip on ETH of ~20%-30% in the uptrend, I’m more than happy to be buying it. ETH isn’t going to peak at $4,800, it’s literally only starting, wouldn’t be surprised if this is going north of $10,000.”
Ethereum is trading for $4,531 at time of writing, up 2.5% in the last 24 hours.
Lastly, the analyst says that Sam Altman’s World (WLD) cryptocurrency has convincingly entered an uptrend after breaking through 20-week MA resistance level at around $1.11.
“WLD is a great example of what we’re about to see on the markets. It broke the 20-week MA and started turning upwards. Additionally, it provided a 117% push during this week, due to the fact that it broke such an important indicator. More altcoins are likely to follow along.”
WLD is trading for $1.59 at time of writing, down 1.4% in the last 24 hours.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
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 losses 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: DALLE3