Analyst Sees Crypto Repeating Dot-Com Bubble, Predicts Rallies for XRP and One Solana Challenger

Crypto

Analyst Sees Crypto Repeating Dot-Com Bubble, Predicts Rallies for XRP and One Solana Challenger

A widely followed analyst believes that crypto is poised to replicate a bubble witnessed in the late 1990s, triggered by a surge in internet adoption.

Trader Michaël van de Poppe tells his 785,900 followers on the social media platform X that hes extremely bullish on the crypto market as mainstream institutional players begin to embrace the asset class.

According to Van de Poppe, conditions in the crypto market are reminiscent of the Dot-com era, when tech and web-based firms saw their valuation skyrocket as investors piled in and became overexuberant on the emerging sector.

The Dot-com bubble exploded in 2000, destroying $5 trillion in wealth and driving thousands of companies into bankruptcy.

One altcoin on the traders radar for a potential repeat of the Dot-com bubble is payments altcoin XRP. Van de Poppe predicts that the coin will come close to its all-time high (ATH) of $3.40.

Source: Michaël van de Poppe/X

At time of writing, XRP is worth $2.52.

The trader is also bullish on the Solana (SOL) rival Sei (SEI). Van de Poppe predicts that SEI will rally by as much as 169% from current levels.

Source: Michaël van de Poppe/X

At time of writing, SEI is worth $0.26.