Crypto Trader Says Under-the-Radar Altcoin on Cusp of New Leg Upwards, Updates Outlook on Bitcoin and Ethereum
A widely followed crypto analyst says one under-the-radar altcoin is about to break out while updating his outlook on the top two digital assets by market cap.
In a new strategy session, crypto trader Michaël van de Poppe tells his 763,900 followers on the social media platform X that Clearpool Protocol (CPOOL), a decentralized marketplace where institutions can obtain loans, is on the cusp of a new upward trend.
“What a bounce on CPOOL. 70% from the lows. I think it’s in for a new leg upwards. They’ve been classified as ‘most innovative real-world asset (RWA) [protocol]’ in CoinMarketCap’s 2024-2025 Yearbook too and I’m expecting RWA to be a big pillar in the coming years.”
Source: Michaël van de Poppe/X
The trader’s chart appears to show CPOOL shooting near the $0.40 price tag sometime in May. Earlier this morning, the asset was trading for $0.342. However, at time of writing, it is valued at $0.427, a 15.8% rise during the last 24 hours.
Moving on to Ethereum (ETH), the trader says he expects the leading smart contract platform to test the $4,000 price area sometime this quarter.
“Ethereum took all the liquidity beneath the lows and reversed back up. If this is going to hold above $3,000, then I assume we’ve seen the low and are going to test the $4,000 area during this quarter.”
Source: Michaël van de Poppe/X
Concluding his analysis of Bitcoin (BTC), Van de Poppe says he expects the crypto king’s dominance levels to fall as altcoins continue to surge.
“Bitcoin consolidating at $100,000 while starting the week with a correction to $88,500. Good times. Altcoins have seen a strong move upwards, and I expect that to continue in the coming weeks. Bitcoin dominance to fall.”
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