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altcoin market correction may end early 2025 predicts trader michaël van de poppe
Cryptocurrency analyst Michaël van de Poppe anticipates that the altcoin market correction will conclude in early January 2025, with signs of a bullish reversal on the TOTAL3 chart, which tracks altcoin market capitalization. He notes increasing trading volume for altcoins like Optimism (OP), indicating investor accumulation, while Ethereum (ETH) shows potential for an uptrend against Bitcoin (BTC).
ethereum struggles as layer two solutions gain popularity and market share
Ethereum is facing significant challenges as user activity and fees decline, raising concerns about its future role in crypto commerce. The rise of Layer-2 blockchains, such as Arbitrum and Optimism, has led to a 430% increase in transactions since March, while Ethereum's fees have plummeted by 87%, highlighting a shift in the ecosystem.
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