Altcoins
Crypto expert Michaël van de Poppe updates his altcoin portfolio
After going all-in on altcoins four weeks ago, professional crypto trader Michaël van de Poppe shook up his altcoin portfolio, removing some of the cryptocurrencies he considered underperforming to replace them with better alternatives that could provide a better return on investment (ROI).
Indeed, van de Poppe explained that altcoins have suffered because of the United States Securities and Exchange Commission (SECOND) endorsing Bitcoin spot (BTC) exchange traded funds (AND F), but that some of them offered opportunities for significant gains, in a context video broadcast on his YouTube channel on June 6.
Altcoins released: ATOM and CRV
More specifically, one of the altcoins that the crypto The expert removed Cosmos from his wallet (ATOM), which he said was “fundamentally very strong but did not perform at all,” considering that “ATOM has seen a correction of up to 50% at this point.” It’s a lot.”
Cosmos Price Action Analysis. Source: Michael van de Poppe
Additionally, as another example of a crypto asset to remove from one’s portfolio, van de Poppe chose Curve (CRV), which “has also underperformed (…)” recently, “with extremely weak performance” and “continues to decline” against Bitcoin And Polygon (MATIC).
At the same time, he stressed that these “projects may not be bad (…) but they have been significantly underperforming” and “I just see fewer arguments for their presence in my portfolio because they have already been very underperforming over the last period.”
Altcoins in: SEI and TIA
On the other hand, the crypto market The analyst stressed that he wanted to position himself “on coins which do not have these back-holders, (…) are likely to have a higher return because the repricing has not yet taken place” and which offer the opportunity cost of having them. in his wallet.
For example, one of those altcoins with great potential, according to him, is Sei (SEI), which “experienced a (…) quotation correction, and after that it climbed to almost 8x relative to Bitcoin, even due to the fact that Bitcoin went live with the ETF.” As van de Poppe further pointed out:
“After that period, we basically went down, which means this one will just go back up. I think it’s actually a very safe model that’s being crushed due to the fact that the Bitcoin ETF went live, so that one fell by approx. 70% since and fuels an opportunity.
Additionally, the crypto trading expert mentioned Celestia (AIT) as “another one that provided exactly the same peaks during the week of Bitcoin ETF Launchrose 650% and corrected 75%,” reiterating his view that “these are substantial opportunities.”
Conclusion
All things considered, van de Poppe is a seasoned trader who has experienced his share of wins and losses, risks and opportunities and is well aware of what he is getting into when trading crypto assets, illustrating the The importance of doing your own research before making decisions. all big invest the decisions.
Disclaimer: The content of this site should not be considered investment advice. The investment is speculative. When you invest, your capital is at risk.
Watch the full video below:
