Recent developments concerning Bitcoin’s price at $67,300 and allegations surrounding Tether have significantly impacted the market. Cryptocurrency assets such as SHIB, DOGE, ADA, and XRP have experienced declines as a result. This raises questions about the current projections for POPCAT and Ethereum (ETH) 
$3,892. Let’s examine the charts and comments shared by experts a few hours ago, focusing on their price targets.
POPCAT Coin Analysis
Cat-themed meme coins have performed well this year, with POPCAT being a standout. In today’s market analysis, Altcoin Sherpa highlighted the potential of meme coins in 2024. However, he expressed skepticism about a large movement starting in this category just yet.
“POPCAT’s movement indicates that it is not yet the time for cat memes. To see progress and follow-up, more continuation is needed. Nonetheless, cat-themed memecoins still hold significant long-term potential, and I expect many of them to make significant gains before this period ends.”
OP Coin and Ethereum (ETH) Predictions
The volatility in Bitcoin’s price has intensified due to allegations surrounding Tether. Michael Poppe stated that OP Coin would trigger a bullish moment if it closes above $1.75. He also expects that the upcoming week will revitalize altcoins and the ETH ecosystem.
For now, since these allegations have not been confirmed by official institutions, it’s challenging to ascertain their validity. Should the Department of Justice make an official announcement, the situation could become more complicated.
The analyst’s initial target for OP Coin is the $3 level, contingent on breaking above $1.75. Additionally, Daan Crypto Trades pointed out the significance of Ether’s position against BTC.
“ETH is testing the highest levels since 2016 against Bitcoin 
$99,148. Currently, it is trading below a descending wedge that has consolidated for several years. This is nearly the last major high timeframe support level.”
Any potential reversal in the ETHBTC pair is crucial for the rest of the cryptocurrencies. The correlation between BTC’s decline and ETH’s rise suggests that we might witness a major rally in altcoins if the leading altcoin moves upward.
Although current ETH ETF inflows do not support this, the anticipated scenario could materialize as soon as the U.S. elections and recent Tether-related fears are behind us.
