In a recent tweet, Michaël van de Poppe shared which altcoin projects he would prefer for the coming months. But another analyst takes a completely different view with Poppe.
Van de Poppe picks 5 altcoins for the coming months
Michaël van de Poppe, one of the well-known Twitter analysts, shared which altcoins he will complete his portfolio with. Instead of Bitcoin (BTC), the analyst highlights Ethereum (ETH) and then some altcoins. In his November 1 tweet, Poppe shared 5 cryptocurrencies for his altcoin portfolio:
- Ethereum (ETH)
- Chalink (LINK)
- Cosmos (ATOM)
- BNB Coin (BNB)
- Chiliz (CHZ)
Another Twitter analyst criticized Poppe, recommending 6 altcoins instead
Poppe also ends his tweet by asking his followers what currencies they would add to their portfolios. In response to the question posted by Poppe, CryptoMocro, a crypto enthusiast posted an interesting answer. CryptoMocro stated that instead of buying Bitcoin and Ethereum and working for his boss, he is willing to lose all low-value tokens or wait for a bull run to turn into capital. He used the following statements in his tweet:
This is his portfolio that has made millions of dollars. Not for your followers. Rather than buy BTC, ETH, ATOM, BNB and continue working for my boss, I’d rather lose all of the small-volume altcoins like KAS, VRA TRIAS, CHNG, XDB, RIO with a x100-x1000 chance in the next rally.
Michaël van de Poppe also takes a look at historical data
Specifically, in a later Twitter post, Poppe states that the total crypto market cap could fall and then rise following the same trend since 2019. According to the trend, a small drop in overall market value was followed by an uptrend. He also states that if the aforementioned trend materializes, the next immediate-higher will be 1.2 trillion.
He also predicts that BTC will reach $25,000 if the aforementioned trend is followed. While Poppe is optimistic about BTC, it is not clear why he prefers ETH over BTC.
Is Bitcoin bottoming out?
According to Glassnode, the realized price of BTC is currently around $21,105. According to the report, the Balanced Price of a crypto refers to the difference between its Realized Price and its Transferred Price. In essence, it calculates the difference between how much a coin is earned and how much is sold. The Balanced Price of BTC is also currently around $16,513.
Glassnode also found that the price of BTC has been fluctuating in these ranges for about three months. However, compared to previous bear cycles where BTC lasted in these ranges from 5.5 to 10 months, “this indicates that duration may remain a missing component in our current cycle,” he said. cryptocoin.comAs you follow, BTC price is trading around $20,600 after a 75 basis point rate hike.
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