- Industry experts predict an altcoin surge after a turbulent first half of the year.
- Altcoin market cap is consolidating above $1 trillion.
- Bitcoin’s market dominance may decline as investors diversify into altcoins.
After a volatile first half of the year, leading industry analysts are predicting a strong upward trend for altcoins. Michaël van de Poppe, Founder and CIO of MN Trading, voiced his optimism about the altcoin market.
The #Altcoins are ready for their upwards run.I think we'll be seeing a lot of momentum from late June until September – October.
A repricing back to their normal values after the big cascade of the first period of the year.
— Michaël van de Poppe (@CryptoMichNL) June 6, 2024
The altcoins are poised for their upward run, claims van de Poppe. “From late June until September or October, I believe there will be a lot of momentum.” This comment suggests that after the significant falls earlier this year, altcoins are being revalued back to their usual values.
Besides, well-known trader and crypto analyst Mags supports van de Poppe’s prediction. Using technical analysis, Mags noted that altcoins are about to take off.
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