Cryptocurrency expert Michael Van de Poppe recently predicted it altcoins will make significant upward movements. The analyst also provided a timeline for when this will happen and how parabolic this move could be for these crypto tokens.
Altcoins will make a move in the summer
From de Poppe mentioned in X (formerly Twitter) post that altcoins are ready to grow and see a lot of momentum from the end of June to September or October. The cryptocurrency analyst added that the prices of these altcoins will return to normal values when this move occurs, referring to the “great cascade” they have experienced since the beginning of the year.
Van de Poppe has been wondering for some time how undervalued altcoins are previously predicted that they are going to make significant moves in their Bitcoin pair after halving. He also predicted back then that there would be a narrative shift towards Ethereum and suggested that the second largest cryptocurrency by market would usher other altcoins into the altcoin season.
The analyst also believes that Spot Ethereum ETFs may start the altcoin season once trading begins. This would explain why he predicted that the altcoin season would begin at the end of June Bloomberg analyst Eric Balchunas predicted that trading in these Ethereum ETFs would begin around this time.
Van de Poppe also revealed that he was well prepared ahead of the altcoin season. He once mentioned that he converted all his Bitcoin holdings to altcoins. In recent Post Xhe also stated that he switched his exposure to altcoins to other altcoins in order to enjoy a higher return on investment (ROI). He claimed to be comfortable with his exposure and confirmed that there will be “strong altcoin growth.”
The analyst also offered some insights into the altcoins he was able to accumulate when he did so listed ten undervalued tokens that he believes will succeed 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 the Altcoin season
Crypto analyst Lark Davis Lately mentioned that “it may be time to move down the risk curve” and take a position earlier altcoin season. He made this statement while discussing whether altcoin season would begin soon. He divided himself data from Blockchain Center, which showed that the market is still far from altcoin season.
Blockchain Center has an altcoin season index that rates whether it is altcoin season or not. Judging by the index, it’s only altcoin season when 75% of the top 50 coins by market capitalization outperform Bitcoin in the last 90 days. So far, only 12 altcoins have outperformed Bitcoin during this period, which means it’s still Bitcoin season.
Featured image created with Dall.E, chart from Tradingview.com
