Will Stacks and VeChain See Major Gains?

Michaël van de Poppe, a prominent figure in the cryptocurrency community, has highlighted two altcoins that could potentially see substantial gains. He took to social media to share insights about the Stacks (STX) token, which operates as a layer-2 solution for Bitcoin (BTC). Van de Poppe anticipates that STX could surge by up to 70% from its current price, which has recently shown promising upward movement.

What Could Drive STX’s Rise?

The expert believes STX has the capacity to break through a key resistance point, potentially reaching a new peak shortly. Presently, STX has experienced a 20% increase over the past week, recovering from its all-time high of $3.86 achieved in April.

Why Is There Optimism for VeChain (VET)?

Van de Poppe has also spotlighted VeChain (VET), emphasizing its role in supply chain management. He noted that VET is backed by the VeBetterDAO initiative, which promotes sustainable practices. He predicts that the ecosystem surrounding VET is set for significant growth.

Currently, VET trades at $0.0442, reflecting an 8.1% increase in the last day, with expectations that it may soon test the $0.074 resistance level.

• STX has shown a potential for rapid price increase, estimated at 70%.
• The token is trading 20% higher over the past week.
• Bitcoin’s potential breakthrough over the $98,000 mark is crucial for market dynamics.
• VET’s backing from sustainable initiatives positions it for growth.

The insights provided by Michaël van de Poppe suggest significant shifts within the cryptocurrency landscape. His analysis plays a vital role in pinpointing trading opportunities, especially with the forecasted surges for STX and VeChain, underscoring the ever-evolving nature of the market.