Altcoins
Altcoin Season Is About to Begin as Legendary Analyst Reveals the Exact Month When
The crypto world has been abuzz recently with major moves that could signal a significant shift in the market. Attach your belt ! From the unexpected approval of the 8 Ethereum ETF by the US SEC until the launch of Spot Bitcoin ETFs in Australia and Thailand, prepare for potential disruption.
But what does this mean for the altcoin market, crypto’s long-forgotten stepchild? Will they finally spend their day in the sun? Keep reading to find out!
Altcoins are ready for a comeback!
With Ethereum and Spot Bitcoin ETFs hitting the market in the United States and Thailand, crypto enthusiasts are witnessing a new chapter in mainstream adoption of digital assets.
Now all eyes are on the altcoin arena. Despite recent declines of 10 to 20%, hopes for a significant increase are high. Renowned crypto analyst Michael van de Poppe is bullish on altcoinspredicting a major rally in the coming months.
The optimistic vision of Michael van de Poppe
Renowned for his keen vision of the market, van de Poppe foresees a recovery which will begin from the end of June and extend until September and October. This could signal a period of sustained growth and recovery for altcoins, which have been lagging.
Further in the analysis, Van de Poppe explained that this expected rally represents a return of altcoins to their “normal values”. This implies that altcoins, which are trading below their historical averages, could soon experience a correction that aligns their prices with their intrinsic values.
The challenge of resistance
Meanwhile, Bitcoin is struggling with resistance levels between $69,000 and $71,000, following significant corrections in recent weeks.
Many in the crypto community believe that a drop below $68,000 for Bitcoin could redirect investor attention towards altcoins, due to the potential for higher returns from alternative crypto investments.
Read also: Breaking News: Robinhood to Acquire “Bitstamp” from Crypto Exchange for $200 Million
Which altcoins are you most optimistic about for the coming months? Let us know.