• Crypto trader Michaël van de Poppe suggests that Ethereum’s (ETH) current price dip could be related to Bitcoin’s upcoming halving.
• He also believes that Bitcoin will follow in the footsteps of commodities such as silver and gold.
• Van de Poppe names his top “newer coins” and “memecoins”, which include ARB/OP/INJ/SUI and PEPE/DOGE, respectively.
Comparing Ethereum to Bitcoin
Crypto trader Michaël van de Poppe is comparing Ethereum (ETH) and Bitcoin (BTC). He suggests to his 663,900 followers on the social media platform X that ETH’s current price dip might have something to do with BTC’s upcoming halving. Van de Poppe believes that in 2019, Ethereum dipped towards the cycle low eight months prior to the Bitcoin halving; he sees a similar trend happening this year as well.
Bitcoin Following Commodities
Van de Poppe also states that Silver & Gold are showing massive strength after terrible PMI rates; with yields likely to top out, he predicts that Bitcoin will follow these commodities. He provides a chart to help solidify his point further – noting that if we have another sweep of the lows at $24,000-25,000 then he would buy into it before the bull run begins again.
Van de Poppe shares his top “newer coins” and “memecoins”; these include ARB/OP/INJ/SUI and PEPE/DOGE respectively. He believes these categories could outperform during this period, much like they did in 2020.
A crypto analyst has opened up history books on Ethereum (ETH) while comparing Bitcoin (BTC) to commodities such as silver and gold. His predictions suggest ETH’s current price dip could be due to BTC’s upcoming halving; furthermore it is likely for BTC to follow in the footsteps of these commodities should there be another sweep of its lows at $24000-25000. Lastly Van de Poppe names off his top altcoins – newer coins such as ARB/OP/INJ/SUI and memecoin PEPE/DOGE – which he believes may outperform like they did last year during 2020.
In conclusion, crypto analyst Michaël van de Poppe has given insight on Ethereum (ETH), Bitcoin (BTC), silver & gold prices along with naming off some rising altcoins which he believes may perform well during this period of time much like they did last year in 2020!