Market Analyst Michaël van de Poppe Forecasts Record Highs for Two Alternative Cryptocurrencies, Provides Bitcoin and Wormhole Market Update

An influential cryptocurrency analyst is sharing his bullish projections for a pair of alternative coins, while also revising his perspective on Bitcoin (BTC) and the interconnected protocol Wormhole (W).

During a recent analysis session, the market expert Michaël van de Poppe informed his audience of over 728,000 on social media platform X about potential bullish zones for the layer-1 blockchain Sui Network (SUI), highlighting price ranges of $1.30 to $1.60.

He asserts that SUI is poised for record-breaking peaks post-correction.

“Regarding SUI – where should you consider buying? There might be technically better opportunities in terms of expected value, yet SUI stands a good chance of entering the top 10 by cycle’s end. For those looking to enter aggressively, consider $1.50-$1.60. For a more cautious approach, $1.30-$1.40. The goal? To achieve new all-time highs.”

As of the last update, SUI’s trading price is $1.92.

Taking a look at the decentralized machine learning platform Bittensor (TAO), Van de Poppe indicates its trajectory toward unprecedented heights, highlighting $500 as the support level and $620 as the pivotal breakout point.

“TAO is the next in line to breach past all-time highs. The return is enormously strong, presenting a very potent asset. Anticipating a support test at $500 to be successful, followed by a surge to new all-time highs. The critical breakout point to note is at $620.”

The current valuation of TAO is $650.

Examining Wormhole’s progress, the analyst notes that its performance is looking positive and forecasts its continued uptrend, provided it sustains above the $0.25 threshold.

“Wormhole (W) is finally exhibiting promising trends. After collecting liquidity, it’s now searching for a higher support level. Anticipate further movement upward if it stays over the $0.25 mark. Ideal long entry points would be in the $0.25-$0.275 range.”

At this point, W is exchanged at $0.351.

With respect to Bitcoin, Van de Poppe presents a bullish forecast for BTC, suggesting it will embark on a rally expected to span from October through December.

“The markets are showing a streak of upward movements, with staking coins especially stirring. Bitcoin has reclaimed its position above $62,000 and seems prepped for the upcoming upward trajectory in October through December.”

At present, the value of BTC is recorded at $63,814.

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Disclaimer: The views expressed at The Daily Hodl do not constitute investment advice. Before engaging in any high-risk investments in Bitcoin, cryptocurrencies, or digital assets, investors should perform thorough due diligence. Please be aware that your transactions and trades are your sole responsibility, and any losses incurred are your liability. The Daily Hodl is not an investment advisor and does not endorse purchasing or selling any cryptocurrencies or digital assets. The Daily Hodl engages in affiliate marketing programs.

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