Altcoins
Crypto Trader Michaël van de Poppe Outlines Top Altcoin Gems for This Cycle – Here are His Picks
Closely followed crypto strategist and trader Michaël van de Poppe names his top altcoin picks for the current cycle.
In a new strategic video, Van de Poppe tell its 165,000 YouTube subscribers than Bitcoin (BTC), investors will likely start channeling their profits into altcoins, which will propel alternative projects much higher.
“Altcoins are going to do very well. That’s probably what they will do. They have suffered a lot lately because of Bitcoin exchange traded funds, but I think the rotation is going to be very close to a bullish one for altcoins.
The trader says he is now bullish on several newer altcoins.
“So the altcoins that I had in my portfolio are probably going to do well, but they will be outperformed by the new assets.”
Among his new favorite picks is Renzo (GROUND), a liquid re-staking token for EigenLayer.
“Seeing the price action that happened, I rotated some of the relatively old altcoins like ATOM, like Curve in my portfolio and swapped them for newer coins. One of these more recent pieces is a project I started tweeting, Renzo.
Source: Michaël van de Poppe/YouTube
Renzo is trading at $0.172 at the time of writing, up slightly over the past 24 hours.
Then the trader thinks that Portal (PORTAL), a project that aims to unite games from different blockchains on its cross-chain token platform, has a lot of upside potential this cycle.
Source: Michaël van de Poppe/YouTube
Portal is trading at $0.97 at the time of writing, down 3.5% in the last 24 hours.
Finally, the trader indicates that the Wormhole cross-chain messaging protocol (W) could post significant gains.
Source: Michaël van de Poppe/YouTube
Wormhole is trading at $0.66 at the time of writing, up almost 7% in the last 24 hours.
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