Cryptocurrency analyst Michaël van de Poppe, with over 600,000 followers on Twitter, has suggested to his followers that it’s not Bitcoin but altcoins leading the cryptocurrency market’s resurgence.
Implying that the total market capitalization of cryptocurrencies could reach $2.1 trillion by April, he notes the current trading price of TOTAL is $1.578 trillion, attributing this growth mainly to altcoins. Van de Poppe indicates that Bitcoin’s market share in the crypto market seems to be following patterns similar to 2016 and 2020, suggesting that Bitcoin might bottom out before it halves, possibly dropping to around $36,000. His Bitcoin price prediction ranges from $36,000 to $40,000, and we can observe Bitcoin’s current price has indeed dropped to $40,000.
Van de Poppe advises investors to consider entering the market after a 20% correction, suggesting that if they have confidence in Bitcoin spot ETFs, buying Bitcoin at a low price could lead to substantial profits in the future.
In addition to Michaël, another influencer, AltApe$Alpha, who is the founder of a 100x Gem project, has shared altcoin-related updates on Twitter. With his passion for and continuous monitoring of cryptocurrencies, he has carefully selected some promising altcoins, indicating that these altcoins may lead the bull market.
Once Bitcoin bottoms out, altcoins are expected to outperform the overall market. The question arises: Can altcoins withstand market volatility and thrive beyond Bitcoin, shaping the future of decentralized finance? The cryptocurrency market is unpredictable, and investors need to closely monitor changes to make informed decisions promptly.