0
0
Forecast by Crypto Analyst Michaël van de Poppe
Micahël van de Poppe, a renowned crypto analyst, has made a bold prediction regarding Ethereum (ETH) that could potentially impact the Securities and Exchange Commission’s (SEC) decision on spot Ethereum Exchange Traded Funds (ETFs). With a substantial following of 717,600 individuals, van de Poppe has informed his audience that the SEC is unlikely to grant approval for these ETF applications in the near future.
SEC’s Role in ETH ETF Applications
The SEC is currently evaluating applications for ETH ETFs submitted by prominent players in the market such as Hashdex and Ark 21Shares. Van de Poppe emphasizes that the SEC’s decision on these applications will have a significant impact on the overall market capitalization of altcoins.
Interestingly, the current trading value of AIOZ stands at approximately $0.795. Another altcoin that has caught the attention of traders is Arbitrum (ARB), a service that upgrades Ethereum. As the correction phase nears its end, significant outflows in the market are anticipated to fill the existing gaps. Van de Poppe suggests that ETH could experience a decline to below $2,700 before potentially rebounding to reach $3,800.
Current State of Ethereum and AIOZ
As of now, Ethereum is valued at $2,920. AIOZ, considered a promising Layer 1 crypto project, is expected to sustain its upward trajectory as long as its trading value remains above $0.65. Van de Poppe views AIOZ as a resilient and high-potential asset that is likely to fluctuate within the range of $0.63 to $0.68, with a potential for further growth to anywhere between $0.35 and $1.45.
Conversely, ARB might see a dip to $0.90 in the near future. Van de Poppe also directs attention towards Veracity (VRA), a traditional asset in the realm of video-sharing blockchains. Currently experiencing a downward trend, VRA could potentially reach $0.004, although its current value stands at $0.0051.
Image/Photo credit: source url
