This Altcoin Set to Soar 200%, Analyst Predicts Potential ATH by Early Next Year

A popular crypto analyst is predicting significant gains for one Ethereum layer-2 scaling solution, forecasting a potential surge of over 200%.

Michaël van de Poppe suggests that Optimism ( OP ), a competitor to Polygon ( POL ), could reach a new all-time high (ATH) by early next year, provided it holds key support levels.

Van de Poppe notes that while OP has recently faced a 20% drop, it is testing critical resistance zones.

He anticipates that if Optimism can retest the $1.80-$1.90 range, it could break upward and challenge its ATH of $4.84 by January, representing a 214% increase from its current value of $1.54.

Turning to Bitcoin ( BTC ), the analyst believes the leading crypto could potentially hit $100,000 by the end of the week.

However, he also warns of a flash crash within the next couple of weeks, which could disrupt liquidity across the crypto markets.