title: Crypto Market Poised to Replicate the Dot-com Bubble, Triggered by a Surge in Internet Adoption

Trader Michaël van de Poppe tells his 785900 followers on the social media platform X that he's extremely bullish on the crypto market as mainstream institutional players begin to embrace the asset class.

A widely followed analyst says that a new bull market in crypto is unfolding and could see one coin, in particular, come close to reaching its all-time high.

Trader Michaël van de Poppe is extremely bullish on the crypto market as mainstream institutional players begin to prefer crypto to traditional markets and liquidity flows into 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.

“All I know:

This is the cycle where everything is going to go ballistic.

Higher than ever.

The Dot-com bubble type of cycle for crypto, where there’s a lot of liquidity flowing into this asset class and a lot of adoption.

It’s basically the only asset class to be significantly outperforming everything.”

The Dot-com bubble burst in 2000, destroying $5 trillion in wealth and leading to the bankruptcy of thousands of companies.

One altcoin that the trader is keeping an eye on 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.

“When things go absolutely vertical, that’s the moment where you want to zoom out and get higher time-frame entry points.

The same applied for XRP.

Marked the level around $1.75 as an important one for entries and it’s up 50% since.

I assume we’ll attack the ATHs soon.”

At the time of writing, XRP is trading at $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.

“Indeed, break and flip and the next target is $0.30.

I think that SEI will be trending up significantly more.

First stop is $0.30, after that a slight correction for people to jump into the asset and then we’ll continue towards the $0.50-$0.70 range.”

At the time of writing, SEI is trading at $0.26.

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