An influential crypto analyst predicts that a popular altcoin, which has seen significant growth in the past five months, could experience a new wave of price increases.
Crypto trader Michaël van de Poppe, sharing his insights with his 722,700 followers on X, suggests that memecoin Brett (BRETT) might rally following a 50% price correction.
BRETT, operating on the Base network, has shown remarkable gains of 13,000% since February and currently boasts a market cap of $1.16 billion.
“Despite not previously trading meme coins, the volatility and opportunities they present are substantial. BRETT has undergone a 50% correction but appears to be finding support. If it breaks past $0.1350, another surge could be on the horizon.”
On February 29th, BRETT hit its lowest point at $0.0008475. Currently, the memecoin is trading at $0.11.
Shifting focus to Ethereum, Van de Poppe expresses optimism about the leading altcoin, anticipating potential approval of Ethereum (ETH) exchange-traded funds (ETF) in the spot market.
“The launch of the Ethereum ETF is scheduled for next week! Following my attendance at ETHCC (community conference), it’s evident that Ethereum’s impact is undervalued on social media. With BlackRock’s $500 million tokenization fund in ETH, interest is rapidly growing. I’m bullish on ETH!”
Recently, the trader highlighted Ethereum’s strength compared to Bitcoin (BTC) over the past nine weeks.
“ETH has outperformed Bitcoin by 20% and is shifting its trend. It won’t be long before the entire ecosystem gains momentum.”
ETH is currently priced at $3,138.
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