Michaël van de Poppe, a famous crypto analyst, states that history repeats itself and thinks that Bitcoin (BTC) and a low-cap altcoin will experience a market rally in the coming months.
Van de Poppe told his 536,400 Twitter followers that before altcoins take off in the first quarter of 2022, the crypto market will continue to bottom out from this month to January, followed by BTC in the next quarter.
Van de Poppe believes that the overall crypto market will experience a third-quarter market correction next year, followed by a bull run that will end in the fourth quarter. Sharing his own moves on the subject, the analyst made the following comment:
“If I want to position myself well, I would like to invest in cryptocurrencies at this stage.
The sentiment isn’t the best you can be yet, many altcoins have dropped a lot, some even off their ATH [tüm zamanların en yüksek seviyesi] has since declined by as much as 80 percent.
Even adoption is on the rise and in terms of price these coins are in strong support zones.”
Noting the choice of altcoin, Van de Poppe, eSports and blockchain-based video entertainment protocol Verasity‘s native token VRAbelieves it is a good time to invest in .
“The VRA actually followed the path here nicely. After the first run, he retested the lows, as we did in the Summer. At this point, it seems very suitable for trading.”
This one actually followed the path beautifully here, and it is $VRA.
A retest of the lows, just like we’ve been doing in the Summer after the first run.
Looks very decent for an entry for trade here.
Also on the USD pair. pic.twitter.com/w53whyOcrZ
— Michaël van de Poppe (@CryptoMichNL) December 21, 2021
Verasity is a decentralized next-generation video-sharing blockchain network that provides reward-incentive infrastructure to major publishers and game developers around the world.
The 370th-ranked crypto asset by market cap, VRA is trading at $0.03567 at the time of writing, up nearly 5% in the last 24 hours.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.