Cryptocurrency markets remain volatile, however there are signs that a major change might occur in the near future. Michaël van de Poppe, a widely followed crypto analyst, sees the breakout of alternative coins (altcoin) as positive news for the crypto sector. To support his argument, he shows the significant market cap jump from Pepe (PEPE), a memecoin, to over $1 billion. From April 28, its value has experienced a 1,300% increase. In the macro markets, four banks have collapsed in the past month, the US Federal Reserve has raised rates by 500 basis points in one year and unemployment is at the lowest its been in 54 years. Van de Poppe believes these factors are indications that good news is coming for the markets, something he also states for Bitcoin (BTC). Currently, BTC is worth $29,625 (2.5% up on the day), with Van de Poppe forecasting that $28,900 must sustain if BTC is to continue on its path to the target of $30,500. In conclusion, through evidence from a memecoin and from macro markets, Van de Poppe predicts an explosive crypto market in the near future.



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