Altcoins To Have ‘Severe Corrections?’ Analyst Issues Warning
Main Idea
An analyst warns of potential severe corrections in altcoins, while highlighting specific altcoins like Omni, Optimism, and Celestia showing upward movement and their roles in the Ethereum ecosystem.
Key Points
1. Omni, Optimism, and Celestia are showing signs of upward movement after days of slow market activity.
2. Optimism (OP) and Celestia (TIA) are key players in scaling the Ethereum ecosystem.
3. Omni recently surged 300%, demonstrating the potential of micro-cap altcoins in favorable market conditions.
4. Wormhole (W) and AAVE are making strong comebacks in the market.
5. The article includes price predictions for various cryptocurrencies like BNB, Quant (QNT), Ethereum (ETH), and Cardano (ADA) for late July 2025.
Description
Ethereum’s rise over Bitcoin is helping altcoins gain some momentum. Bitcoin dominance chart hints at a possible trend change ahead. Omni, Optimism, and Celestia are showing signs of upward movement. After days of slow movement, the altcoin market is starting to recover. Popular analyst Crypto Michael said Ethereum is one of the reasons behind this change. Ethereum has been performing better against Bitcoin lately and this shift has helped altcoins. However, he also warned that the Bitcoin domin...
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