A well-known crypto analyst and strategist showcase his bullish stance around Polygon (MATIC), Cosmos (ATOM), Avalanche (AVAX), Concordium (CCD), and SKALE (SKL). This comes up as he expects the market to go greener in the days to come.
Analyst, Michael van de Poppe informs his 619,400 Twitter fanbase that he is piling up his altcoin holding which will yield him a return of 20 to 60x.
According to him, the currencies that he is planning to purchase are all set to enter the next bull run. These include ATOM, MATIC, AVAX, CCD, and SKL
Fed Interest Rate Hikes To Drop Eventually
Meanwhile, Federal Reserve Chairman, Jerome Powell, during a press conference on Wednesday, July 27th, spoke about the increasing interest rate. Jerome said that though the interest rates are being hiked now, this will slide down gradually in the month to come.
In response to this, Michael van de Poppe quotes that if the interest rate hikes drop gradually as predicted by Jerome, then this will have a positive impact on the crypto market.
Ethereum Mainnet Merge In September
Next, is the upcoming Ethereum merger between Ethereum’s mainnet and the Beacon Chain’s proof-of-stake. The merger is scheduled for this September and Van de Poppe expects the merger will see a bullish effect on the crypto space.
If the merger launches successfully, then this will see an emergence of Ethereum 2.0. Through this, the network will be transferred from proof-of-work to proof-of-stake, solving the platform’s scalability issue.
Hence, there are too many events lined up for the next quarter of the year 2022. This includes
- Decrease in the interest rates as claimed by Fed chair, Jerome Powell
- Ethereum merger scheduled for September
- Further impact on 3AC, Celsius, Three Arrow and more.
Further Van de Poppe ends his analysis by claiming that Ethereum will soon rally towards $2,400 and Bitcoin price rally between $28,000-$30,000.