A widely followed crypto analyst says one under-the-radar altcoin is about to break out while updating his outlook on the top two digital assets by market cap.
In a new strategy session, crypto trader Michaël van de Poppe tells his 763,900 followers on the social media platform X that Clearpool Protocol (CPOOL), a decentralized marketplace where institutions can obtain loans, is on the cusp of a new upward trend.
“What a bounce on CPOOL. 70% from the lows. I think it’s in for a new leg upwards. They’ve been classified as ‘most innovative real-world asset (RWA) [protocol]’ in CoinMarketCap’s 2024-2025 Yearbook too and I’m expecting RWA to be a big pillar in the coming years.”
The trader’s chart appears to show CPOOL shooting near the $0.40 price tag sometime in May. Earlier this morning, the asset was trading for $0.342. However, at time of writing, it is valued at $0.427, a 15.8% rise during the last 24 hours.
Moving on to Ethereum (ETH), the trader says he expects the leading smart contract platform to test the $4,000 price area sometime this quarter.
“Ethereum took all the liquidity beneath the lows and reversed back up. If this is going to hold above $3,000, then I assume we’ve seen the low and are going to test the $4,000 area during this quarter.”
Concluding his analysis of Bitcoin (BTC), Van de Poppe says he expects the crypto king’s dominance levels to fall as altcoins continue to surge.
“Bitcoin consolidating at $100,000 while starting the week with a correction to $88,500. Good times. Altcoins have seen a strong move upwards, and I expect that to continue in the coming weeks. Bitcoin dominance to fall.”
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Credit: Source link
