cryptocurrency analyst, michael van de poppe has alerted the broader cryptocurrency community to upcoming events. altcoin rally. Analysts noted the recent uptrend. Bitcoin As a positive signal for this prediction.
Get ready for large scale altcoin executions
In a recent post on X (formerly Twitter), Poppe suggested that altcoins are poised to become the next coin. Bullish momentum for 2024. Citing Bitcoin's recent rise, Over $60,000crypto analyst disclosed This significant price increase can be seen as a clear signal of the altcoin's potential to rise in the market.
During this time he predicts: Possibility of running altcoins, major cryptocurrencies have experienced significant appreciation, with prices likely to far exceed their all-time highs. In light of this, cryptocurrency analysts advised the broader cryptocurrency community to remain vigilant and make the necessary preparations for this anticipated bullish event.
Recent market sentiment is shift From Bitcoin investment meme coin and other major altcoin. Just last week, a meme coin based on Solana Dogwifat (WIF) experienced a significant increase, with prices rising to $1, an increase of over 90% year-over-year.
Additionally, popular altcoins such as Solana and Cardano have witnessed significant price appreciation and growth in their respective markets. March 1st, The price of Solana has skyrocketed. It rose to a two-year high, exceeding $136.Cardano on the contrary Recorded increased adoption ratethe total number of Cardano wallets in the ecosystem is approaching 4.6 million.
These subtle developments indicate potential changes in the world. Altcoin market trendsas more and more cryptocurrencies are starting to mirror Bitcoin's bullish momentum.
Gearing to altcoin pumps
The crypto analyst identified on X as “Dami Defi” disclosed Recent market trends indicate that “altcoins are getting ready to pump.”
Dami Defi's prediction is rooted in a decline in control. Bitcoin In the cryptocurrency market. He said that at the same time as the market capitalization of the entire virtual currency market is rising, Advantages of Bitcoin When it declines, it often signals a healthy and widespread bull market in the cryptocurrency space.
According to analysts, this scenario suggests that market growth may not be focused solely on Bitcoin, but may be spread across different sectors. altcoin. He revealed that despite Bitcoin's recent price increase, the cryptocurrency continues to slump. significant spilla significant portion of these funds will move into altcoins.
“If we continue to see BTC dominance decline and a total of three resistances broken, all hell will break loose and altcoins will soar like crazy,” said Dami Defi.
Altcoins market cap at $1.08 trillion | Source: Crypto Total Marekt Cap Exclusing BTC
Featured image from Coinpedia, chart from Tradingview.com
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