An experienced crypto trader is making bold predictions about the future performance of certain altcoins, as well as providing insights into the current state of Bitcoin (BTC) and the cross-chain protocol Wormhole (W).
During a recent strategy session, renowned crypto analyst Michaël van de Poppe shared with his 728,300 followers on X that the layer-1 blockchain Sui Network (SUI) could see a surge in value, with potential buying opportunities between $1.30 and $1.60.
According to Van de Poppe, SUI is on track to reach new all-time highs after a corrective phase.
“SUI – Where to buy? While there may be technically better opportunities, SUI is likely to be among the top 10 coins by the end of the cycle. Aggressive entry point: $1.50-$1.60. Conservative entry point: $1.30-$1.40. Targets: New all-time highs.”
Currently, SUI is trading at $1.92.
Turning attention to the decentralized machine learning network Bittensor (TAO), Van de Poppe suggests that this asset is also poised for a significant rally towards new all-time highs, with $500 as a key support level and $620 as a crucial breakout zone.
“The next coin to surpass all-time highs could be TAO. Strong potential for returns and a solid asset. Anticipating a test of $500 for support before heading towards a new all-time high. Crucial breakout level: $620.”
TAO is currently priced at $650.
Shifting focus to the interoperability platform Wormhole, Van de Poppe notes that the asset is showing positive signs and is likely to continue its upward trajectory if it maintains above the $0.25 level.
“W is showing promising signs. It has absorbed liquidity and is now looking for a higher low. Expecting further growth if it stays above $0.25. Ideal entry points for long positions are between $0.25-$0.275.”
Currently, W is trading at $0.351.
Regarding Bitcoin, Van de Poppe believes that BTC is gearing up for a significant rally extending into December.
“The markets are showing continued upward momentum, especially with staking coins gaining traction. Bitcoin has crossed $62,000, preparing for a bullish phase from October to December.”
As of now, the price of BTC stands at $63,814.
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Featured Image: Shutterstock/DanieleGay/Sashkin
