Crypto analyst Michaël van de Poppe, speaking on social media platform X, said: $2,360He stated that he predicted that NEAR Protocol, one of its competitors, could rise 275 percent above its current value in the next six months. The analyst stated that NEAR has found support at $2.75-$3.40 levels and that as long as these levels are maintained, the price could rise to $15. NEAR is trading at $4 at the time of writing and has fallen 1.3 percent in the last 24 hours.
Prospects for Bitcoin
Michaël van de Poppe, also Bitcoin 
$58,156He stated that Bitcoin could soon regain $60,000 levels. He said that Bitcoin broke the downtrend of $56,000 and could rise to the $60,000-$61,000 range after a retracement at this level. Bitcoin is trading at $57,390 at the time of writing.
Developments in the Altcoin Market
The analyst suggested that the correction in the crypto market is over and many altcoins may enter a process of gaining value against Bitcoin. He noted that altcoins have seen bottoms and technical signals are showing improvement. However, he emphasized that a deeper correction may occur in the ETH/BTC pair and this may happen before a potential rise.
ETH is trading at 0.04081 BTC ($2,361) against BTC and has lost more than 1% in the last 24 hours. The analyst noted that ETH could face further declines if Bitcoin rises to $60,000-$61,000.
Michaël van de Poppe’s analyses provide investors with important clues about potential movements in the cryptocurrency markets. It should be noted that every investor should make informed decisions by doing their own research.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
