Cryptocurrency analyst Michael van de Poppe He is bullish on altcoins and predicts the following: These cryptographic tokens We will see their big results soon. This prediction is based on his belief that altcoins remain undervalued compared to the leading cryptocurrency, Bitcoin.
Cryptocurrency analyst says altcoins are on the verge of exploding
michael van de poppe Mentioned by X (formerly Twitter) post “Altcoins still have room to capture about 40-60% of market cap,” he said.after that ×postHe said the valuation of these crypto tokens in the BTC pair remains relatively low, which suggests “strength is yet to come.”
Analyst believe The evaluation of these altcoins is “Bitcoin value”And we wouldn’t have it any other way. If that happens, he said, it will show that “most altcoins are still significantly undervalued.” Main cryptocurrency. On the other hand, he hinted that altcoins could also enjoy these significant gains if Bitcoin consolidates.
in video Michael van de Poppe posted on his YouTube channel detailing the correlation between Bitcoin and these altcoins. The analyst said that Bitcoin hitting new highs means there is more money in the market and this money will soon be circulated into other crypto tokens.
If that happens, he expects these altcoins to deliver significant returns, but those returns may be underestimated. bear market stigma. Meanwhile, Michael van de Poppe predicts that the altcoin season will arrive in different rounds. The first, as we are already seeing in some quarters, could see these crypto tokens approach or even break all-time highs (ATH).
Best time to buy altcoins
michael van de poppe Previously, he advised on the right time to buy these crypto tokens, preparing his followers for the impending altcoin season. At that time, he mentioned The best time to invest in altcoins is Bitcoin halving”
Analysts rightly called it that, seeing as altcoins have grown significantly alongside Bitcoin since then. AI and meme coinsIn particular, it has led the way with tokens like cutting-edge meme coins. Dogecoin (DOGE) and Shiba Inu (SHIB), We are seeing a significant increase in market capitalization.
Despite the incredible rally these tokens have seen so far, investors are doubting their It seems there is still an opportunity to establish a position.
DOGE price at $0.166 | Source: DOGEUSDT on Tradingview.com
Featured image from The Crypto Times, chart from Tradingview.com
