- Michaël van de Poppe chose established projects like ETH and some new ones.
- ETH flipped the $2,300, while OP and ARB may follow its bullish direction.
- LINK has recovered from earlier profit-taking as SUI tries to claim $1.
Analyst Michaël van de Poppe has disclosed the five altcoins he believes will perform well in the first quarter of 2024. Van de Poppe noted in his post on X that the altcoin season was already in play.
However, he opined that chasing cryptocurrencies with 100x potential might not be the way to go this time. Instead, he advised his 679,700 followers to consider coins with large market caps and great utility. Here are the five altcoins he mentioned and the reasons he chose them.
Ethereum (ETH)
According to the analyst, Ethereum (ETH) would outperform Bitcoin (BTC) this quarter because he believes that a spot Ethereum ETF would soon be approved. Although he admitted that a Bitcoin ETF would also get the go-ahead, he mentioned that the positive effect on the altcoin would be better.
At press time, ETH’s price was $2,381. This was after the cryptocurrency gained 4.38% in the last 24 hours, CoinMarketCap revealed.
From the techni…
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