- Michael van de Poppe revealed that now may be the perfect time to stock up on altcoins.
- The analyst also predicted that altcoins may soon enter into their respective bull cycles.
- As hype surrounding BTC Spot ETFs starts to simmer, van de Poppe predicts ETH could rise to above $3K.
The renowned cryptocurrency trader and analyst Michael van de Poppe stated in his latest analysis that now may be the perfect time to stock up on altcoins. In the video, he also predicted that the altcoin market may be entering a bull cycle.
At the core of van de Poppe’s prediction, the altcoins may rally soon, as the dominance of Bitcoin (BTC) may be leveling off. He also shared that the hype surrounding Spot Bitcoin ETFs (exchange-traded funds) may be cooling down as well. Subsequently, he anticipates that capital will soon flow from BTC into altcoins.
Given the fact that Ethereum (ETH) is the largest altcoin in terms of market cap, he expects it to benefit the most from this potential shift in capital allocation. Adding to his bullish outlook for ETH, the analyst believes that the hype surrounding Spot Ethe…
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