Markets
Top Crypto Trader Reveals Why He’s ‘More Interested’ in These Ethereum-Linked Coins
Widely followed cryptocurrency analyst Michael van de Poppe detailed his altcoin trading strategy, highlighting a substantial allocation to coins in Ethereal ETH/USD Ecosystem.
What happened: In a video shared on his official YouTube channel, Van de Poppe stressed the importance of investing in the right coins in a hyped market environment. He said he is “heavily” involved in the Ether ecosystem.
The analyst particularly emphasized the high expectations he has for the two Layer-2 network tokens, Referee ARB/USD and Optimism OP/USD.
“I’m even more interested in them because there’s more activity in the Ethereum ecosystem, and with spot ETFs, it’s going to get even better,” he noted.
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Van de Poppe revealed that he will continue to HODL these coins at this time, as they are greatly undervalued. “It makes no sense to sell them so soon.”
Because matter: This comment comes a week after Van de Poppe stressed Ethereum’s Low Valuation and Long-Term Upside Prospects.
He predicted that Ethereum would hit a new all-time high faster than the rest of the market and described the upcoming launch of spot ETFs as a major catalyst.
As things stand, funds follow the spot price of Ethereum are set to debut this weekmarking a new milestone for the world’s second largest cryptocurrency.
Price Action:At the time of writing, Ether was trading at $3,508.72, remaining essentially unchanged over the past 24 hours, according to data from Benzinga ProArbitrum rose 1.01% to $0.7872, while Optimism gained 1.85% to $1.94.
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