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.