This Altcoin Set to Soar 200%, Analyst Predicts Potential ATH by Early Next Year

A popular crypto analyst is predicting significant gains for one Ethereum layer-2 scaling solution, forecasting a potential surge of over 200%.

Michaël van de Poppe suggests that Optimism (OP), a competitor to Polygon (POL), could reach a new all-time high (ATH) by early next year, provided it holds key support levels.

Volatility is increasing.$OP has tested the crucial resistance, but dropped more than 20% in the past few days.

If there’s another test at $1.80-1.90, then I expect we’ll break upwards and have an ATH test in January. pic.twitter.com/nPNfm0Awxx

— Michaël van de Poppe (@CryptoMichNL) November 14, 2024

Van de Poppe notes that while OP has recently faced a 20% drop, it is testing critical resistance zones.

He anticipates that if Optimism can retest the $1.80-$1.90 range, it could break upward and challenge its ATH of $4.84 by January, representing a 214% increase from its current value of $1.54.

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Turning to Bitcoin (BTC), the analyst believes the leading crypto could potentially hit $100,000 by the end of the week.

A massive chart for #Bitcoin.

It’s up a lot since Trump’s Election.

The question is: Are we seeing $100K during this week? We might.

We’ll also have a flash crash across the markets in the coming 1-2 weeks to take liquidity on the downside.

Marked some levels. pic.twitter.com/FjM0SeFGfA

— Michaël van de Poppe (@CryptoMichNL) November 14, 2024

However, he also warns of a flash crash within the next couple of weeks, which could disrupt liquidity across the crypto markets.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.