Michaël van de Poppe, a crypto analyst, predicts a major transformation in Ethereum (ETH) that will prevent the SEC from granting consent regarding applications for spot Ethereum Exchange Traded Funds (ETFs). He duly informs his 717,600 followers that, in his opinion, this will not happen soon.
The Securities and Exchange Commission (SEC) is expected to either consent to or disallow the ETH ETF-related applications submitted by big-time players such as Hashdex and Ark 21Shares. Van de Poppe believes the SEC’s verdict on the matter will greatly influence altcoins’ market capitalization.
Incidentally, AIOZ’s trade value is to the tune of $0.795.
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The Ethereum upgrading service Arbitrum (ARB) is one more altcoin on traders’ bucket lists and is towards the end of the correction. Big amounts of outflow cause markets to fill the gaps pertaining to the markets. It is anticipated that ETH will slide to under $2,700, following which it may reemerge to reach $3,800.
Presently, ETH comes with a value of $2,920.
The following layer 1 crypto project is AIOZ. As per Van de Poppe, the predominant anticipation is that it will maintain its upward trend as long as it continues to trade at more than $0.65. In his opinion, it seems to be the most prospective and robust asset available. It will remain between $0.63 and $0.68. There is every possibility that the following step pulls it up to anywhere between $.35 and $1.45.
In all probability, ARB may drop to $0.90.
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The other altcoin being targeted by Van de Poppe is the conventional asset pertaining to the video-sharing blockchain veracity, VRA, which is currently on a downward slide and just might reach $0.004. However, as of now, it stands at $0.0051.
