A closely followed crypto analyst says that one top-50 altcoin by market cap is primed for an explosive breakout.
Crypto trader Michaël van de Poppe tells his 745,200 followers on the social media platform X that the native token of the Bitcoin (BTC) layer-2 project Stacks (STX) could increase 70% from its current value as the coin challenges a key resistance level.
“The Bitcoin ecosystem fires up. STX attacks the recent high, and is likely breaking through this resistance zone. Next stop? I think a new all-time high.”
STX is trading for $2.29 at time of writing, up nearly 20% in the last seven days. STX reached an all-time high of $3.86 in April.
Next up, the analyst predicts that Bitcoin will hit six figures for the first time in its history if it can break through the $98,000 resistance level on the four-hour chart.
“Bitcoin should break $98,000, and then we’ll see $100,000 with 100% certainty as it breaks the trend. History to be made.”
Bitcoin is trading for $98,266 at time of writing, up 3.4% in the last 24 hours.
Lastly, the analyst is turning bullish on the native asset of the supply-chain management project VeChain (VET).
“Older coins are actually growing. VET is one of them. They recently announced VeBetterDAO, $B3TR, an ecosystem in which you earn tokens for taking sustainable actions. I think that communities and ‘earn’ tokens are going to be massive in the coming years as it’s a whole new reward system and business model.
VeBetterDao combines these factors in the sense that it connects real-world asset (RWA), communities, a
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Author: Daily Hodl Staff
