- If there’s no Bitcoin If the market has grown by 40% from its lows, then altcoins could show growth of 100-300%, a crypto analyst concluded. Michael van de Poppe.
- Trader Mark Chadwick believes that altcoins are “showing the strongest signals in years” and will therefore also rise in price.
Cryptanalyst Michael van de Poppe published message that altcoins will begin to break through upwards, lagging behind Bitcoin by one to three weeks.
If his prediction is correct, alternative coins could generate profits of 100-300%, depending on momentum and liquidity levels.
If there’s no Bitcoin “If [the market] has risen 40% from its lows, then altcoins could show growth of 100-300% depending on momentum and liquidity. Yes, we are at that stage,” the analyst wrote.
Trader Mark Chadwick shares a similar view, confident that altcoins are “showing the strongest signals in recent years.” He indicated on the breakout of a large descending wedge and described last week’s candles as the biggest breakouts in a long time.
The expert is also confident that the meeting of the Senate Banking Committee for consideration of the bill The meeting on the cryptocurrency market structure, scheduled for May 14, may lead to the long-awaited adoption of the document. This will stimulate institutional investment in the crypto sector.
Predicting an altcoin rally, Van de Poppe рассказал about his personal digital currency portfolio. He spent a total of $160,000 on it, and now it’s worth $78,000, down about 50%, having recovered 75% of the loss.
The analyst plans to invest another $40,000 by September 1st and then take a break. He believes the market has bottomed out and a gradual recovery is ahead.
Portfolio structure of Michael van de Poppe. Source X
At the moment, information CoinGecko, Bitcoin price is hovering around $81,000, maintaining a daily gain of 0,3%. Ethereum It’s still hovering around $2300, up 0,6%. Most coins are showing minimal, single-digit gains, which doesn’t look like they’re building momentum.
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