Crypto analyst Michaël van de Poppe, who has gained a place in the market with his successful predictions, evaluated the recent decline in the market. Van de Poppe has been investing entirely in altcoins since May 2024. He admits that this strategy is risky given the volatility of the cryptocurrency market. However, the analyst urges investors to hold on to their altcoins despite the current sell-off.
Should altcoins be sold when prices are falling?
In his latest analysis, popular analyst Michaël van de Poppe discusses the ups and downs of owning an altcoin portfolio. The analyst underlines that although many altcoins are declining, the potential for significant gains remains. Thus, it highlights unpredictable market recoveries. “Crypto sentiment can change in a day and a bull market can happen in just a few weeks,” Van de Poppe said. So the question is, what will the game plan be?” says.
The analyst points out that even major altcoins are performing poorly. Elsewhere, an analyst with the pseudonym Daan Crypto admits that most altcoins are down between 40% and 90%. For example, Ethereum, which is the leader among altcoins, lost significantly over 10%. Chainlink saw a 26% decline. Some investments, such as Wormhole, have suffered significant losses, falling more than 40% in the past month.
Analyst Aylo: This is the best place to buy altcoins!
Despite these setbacks, analysts such as Van de Poppe and Aylo continue to trust this strategy. They even increased their risk exposure by replacing old altcoins with new ones, which they believed would perform better when the market recovered. “This is the best place to buy altcoins since mid-2023,” Aylo said. We need to be patient as we will stay in this region for a while. “It certainly doesn’t seem like a good place for panic selling,” he says.
Van de Poppe: I think you should consider defending your position!
During a previous bear market, Van de Poppe disclosed investments in Polygon, Phantom, and Ferosity. These altcoins experienced an initial setback. But he eventually reaped big returns, especially from Ferosity, which rose to 95 times its initial value. The analyst attributes his success to his understanding of market cycles and having the resilience to endure difficult times. Looking ahead, Van de Poppe sees Ethereum as an important indicator for the broader market. He predicts that once Ethereum gains momentum, it will trigger a broader altcoin season.
That’s why Van de Poppe advises investors to maintain a long-term perspective and resist the urge to sell during downturns. In this context, Van de Poppe shares the following assessment for altcoins:
I think you should consider protecting your position and continue saving if possible. If you have the ability to continue accumulating your position, then this is also a period when you need to show that you are strong as steel.
The opinions and predictions in the article belong to the analysts and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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