Altcoins
Altcoins Poised for Major Comeback with 100% Rally
Over the past week, the crypto market, excluding Bitcoin, fell by 3% and last month it fell by almost 10%. This suggests that money is flowing away from altcoins, which could cause them to lose value over time. However, some altcoins with stronger fundamentals or reduced supply could see a comeback.
Meanwhile, a well-known crypto analyst Michael van de Pop plans This is potentially the last correction before new capital re-enters the altcoin market.
Capital turnover in Altcoins
According to van de Pop, the sentiment surrounding altcoins is currently pessimistic, as evidenced by the falling Bitcoin valuations of various altcoins, reaching new lows. Van de Pop’s analysis suggests that current situation in the altcoin market could reflect past trends, hinting at the possibility of a similar resurgence.
Highlighting past events, van de Pop highlights the impressive increases seen by Solana ($SOL), Fetch.ai ($FET), and Render Token ($RNDR), which saw gains of over 500%, 650%, and 300%. %. , respectively.
These historical patterns provide compelling evidence for van de Pop’s predictions regarding a potential altcoin resurgence. Despite the current challenges faced altcoinsIn relation to Bitcoin, van de Pop’s analysis suggests that the market could be ready for a reversal similar to past rallies.
Altcoin ready for 100% rally
Analyst van de Pop expressed optimism about the future of altcoins. He highlighted that the alternative market cap remains 50% below its 2021 all-time high, with the recent correction exacerbating the decline by another 30%.
As the correction comes to an end, Poppe anticipates a potential 100% rally in altcoins, mirroring the trajectory of Bitcoin.
Read also: Don’t panic, sell! Expert Reveals Top Reasons Why Bitcoins and Altcoins Will Rise Soon