Crypto expert Michael van de Poppe He predicted this recently Alternative currencies It would make big upward moves. The analyst also provided a timeline for when this will happen and what the equivalent movement could be like for these cryptocurrency tokens.
Altcoins will move in the summer
From D-Pop Marked with an X (formerly Twitter) mail Altcoins are ready to rise and we will see that Lots of momentum From late June until September or October. The cryptocurrency analyst added that these altcoins will be re-priced to their normal values when this move occurs, referring to the “big chain” that has suffered since the beginning of the year.
Van de Poppe went on for a while talking about how depreciating altcoins were and I expected earlier They were going to make significant moves in their Bitcoin pair After half. At the time, he also predicted that there would be a shift in the narrative to Ethereum and suggested that the second-largest cryptocurrency by market would lead other altcoins into altcoin season.
The analyst also believes that Ethereum ETFs This could kick off altcoin season as soon as trading begins. This would explain why he expects the altcoin season to start in late June since then Bloomberg Analyst Eric Balchunas Expect ETFs to start trading around that time.
Van de Poppe also revealed that he is in a good position heading into this altcoin season. It is one time Mentioned He exchanged all of his Bitcoin holdings for altcoins. at recent days Share XHe also stated that he shifted his altcoin exposure to different altcoins in an attempt to enjoy a higher return on investment (ROI). He claimed that he was comfortable with his exposure and reiterated that there would be a “strong altcoin trend.”
The analyst also provided some insights into altcoins he may have collected while he was included Ten undervalued symbols that are believed to succeed in this bull cycle. Tokens listed include Chainlink (LINK), Celestia (TIA), Arbitrum (ARB), Polkadot (DOT), Cosmos (ATOM), and others.
It's time to take a stand ahead of Altcoin season
Cryptocurrency analyst Lark Davis newly Mentioned That “this might be a good time to get down the risk curve” and position it early Altcoin season. He made this statement while discussing whether or not altcoin season will start soon. He said he shared Data From Blockchain Center, which showed that the market is still far from altcoin season.
Blockchain Center has an altcoin season indicator that measures whether it is altcoin season or not. Based on the indicator, it is just that Altcoin season At 75% of the top 50 coins by market cap It outperforms Bitcoin Over the past 90 days. So far, only 12 altcoins have outperformed Bitcoin during this period, which means it is still Bitcoin season.
Featured image created with Dall.E, chart from Tradingview.com