Cryptocurrency markets have recently entered a period that has attracted the attention of analysts and investors. In particular, evaluations about the future of altcoins attract great attention with obvious changes in the markets. In this context, analyst Michaël van de Poppe’s views on altcoins are quite remarkable.
According to Van de Poppe’s assessment, altcoins may witness major rises in the coming months. The analyst notes that the TOTAL3 chart, which investors use to track the performance of the altcoin market, witnessed a devaluation of over 16% during the recent correction. However, he considers this decline as part of a strong upward trend.
According to Van de Poppe, with Bitcoin gaining strength, a healthy correction in the altcoin market value is taking place, and a break to higher levels seems likely in the coming months.
Additionally, as we reported yesterday, many cryptocurrencies have reached their lowest levels. believes and observes “major force in the altcoin market.”
“Looking at the weekly candles across the markets, it looks like we have reached a relative bottom for most altcoins.”
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This assessment offers a promising perspective for altcoin investors. Van de Poppe had previously predicted that the total market value of altcoins would reach approximately $1 trillion. TOTAL3 is at $751.125 billion at the time of writing this article.
The analyst also made an evaluation specifically for Bitcoin (BTC). In his statement, Van de Poppe states that Bitcoin maintains its momentum and emphasizes that the dips may present a buying opportunity. He states that if the $ 68,000 level is maintained, Bitcoin can reach historical peaks before the halving.
Bitcoin reaching an all-time high could create general optimism in the cryptocurrency market and boost investors’ confidence. However, given the volatile nature of the market, it is important to be careful and consider the risks before making any investment decisions.
You can access current market movements here.
