Altcoin
Market expert says Altcoin summer is just around the corner, here’s the timeline
Cryptocurrency expert Michael Van de Poppe he had recently predicted this altcoins would make significant upward movements. The analyst also provided a timeline of when this will happen and how parabolic the move could be for these crypto tokens.
Altcoins will move in the summer
Van de Poppe mentioned in an X (ex Twitter) send that altcoins are ready for their bull run and they will see it a lot of momentum from the end of June until September or October. The crypto analyst added that these altcoins will return to their normal values when this move occurs, alluding to the “big waterfall” they have undergone since the beginning of the year.
Van de Poppe has been banging on about how undervalued altcoins are for some time previously expected that they would make significant movements in their Bitcoin pair post-halving. Back then, he also predicted that there would be a narrative shift towards Ethereum and suggested that the second largest cryptocurrency by market would bring more altcoins into the altcoin season.
The analyst also believes that the Spot ETF on Ethereum they could trigger this altcoin season once trading begins. This would explain why he predicted that the altcoin season would begin in late June Bloomberg analyst Eric Balchunas predicted that these Ethereum ETFs would begin trading around that time.
Van de Poppe also revealed that he is well positioned for this altcoin season. Him once mentioned who had exchanged all of his Bitcoin holdings for altcoins. In a recent X post, also stated that he has shifted his altcoin exposure to different altcoins in a bid to enjoy a higher return on investment (ROI). He stated that he was comfortable with his exposure and reaffirmed that there would be a “strong run on altcoins.”
The analyst also provided some insights into the altcoins he might have accumulated way back when listed ten undervalued tokens that he believes will make a run for it in this bull cycle. The tokens he listed included Chainlink (LINK), Celestia (TIA), Arbitrum (ARB), Polkadot (DOT), and Cosmos (ATOM), among others.
It’s time to position yourself for altcoin season
Crypto analyst Lark Davis recently mentioned that “it may be time to lower the risk curve” and position ourselves early for the altcoin season. He made this statement while discussing whether or not the altcoin season would begin soon. She shared data from the Blockchain Center, which demonstrated that the market is still far from an altcoin season.
Blockchain Center has an altcoin seasonal index that measures whether or not it is altcoin season. Based on the index, it’s just altcoin season when 75% of the top 50 coins by market cap outperform Bitcoin in the last 90 days. So far, only 12 altcoins have outperformed Bitcoin during this period, meaning it is still Bitcoin season.
Featured image created with Dall.E, chart from Tradingview.com