Michael van de Poppe on Crypto Market Fluctuations
It is essential to keep a level-headed perspective when observing price fluctuations in the cryptocurrency markets. Corrections happen, and it’s crucial to consider the broader context, as advised by Michael van de Poppe to his 670,000 social media followers.
Van de Poppe’s Altcoin Entry Point
Van de Poppe states that despite Bitcoin’s significant growth, investors should expect a downswing soon. He predicts a liquidity sweep towards $33-33.5K before bouncing back up. However, he sees this as an opportunity to invest in smaller cap cryptos, referring to these dips as entry points for altcoins.
Altcoins Have Been A Talking Point In Recent Times
BeInCrypto highlighted the growth potential of three altcoins for November, with Injective (INJ) and OKB showing potential to reach new peaks. Additionally, recent on-chain data reveals growing interest in XRP from crypto whales following the SEC lawsuit drop against Ripple.
Another article reported on 5 alt-coins to watch before year-end, including e-Cash (XEC) and its upcoming upgrade launch on November 15.
Hot Take: The Future of Altcoins
The future of altcoins looks promising based on Michael van de Poppe’s advice and recent market trends. It’s clear that altcoins are gaining traction and could be worth investing in. Keep an eye on the smaller cap cryptos for potential entry points during market corrections.
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