Cryptocurrency

Cardano

Cryptocurrency analyst, <a href="https://www.newsbtc.com/news/crypto-analyst-unveils-ultimate-altcoin-buying-guide/">Michael van de Poppe </a>has alerted the broader cryptocurrency community about an upcoming <a href="https://bitcoinist.com/5-altcoins-primed-for-success-in-the-impending-bull-market-surge/" rel="nofollow">altcoin rally</a>. The analyst has cited the recent upward trend experienced by <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-uptrend-70k/">Bitcoin</a> as a positive signal for this prediction.&nbsp; 
<h2 id="get-ready-for-major-altcoin-run">Get Ready For Major Altcoin Run</h2> 
In a recent X (formerly Twitter) post, Poppe suggested that altcoins are poised to become the next in line for the <a href="https://bitcoinist.com/we-asked-chatgpt-what-3-cryptocurrencies-will-lead-the-2024-bull-run/" rel="nofollow">2024 bullish momentum. </a>Citing Bitcoin’s recent upward surge to <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-restarts-rally-65k/">over $60,000</a>, the crypto analyst has <a href="https://x.com/cryptomichnl/status/1764364460787909032?s=46" rel="nofollow">disclosed</a> that this substantial price increase is a clear signal for a potential altcoin rally in the market.&nbsp; 
He predicts that during this <a href="https://bitcoinist.com/altcoin-price-boom-with-ethereum-dencun-upgrade/" rel="nofollow">potential altcoin run</a>, major cryptocurrencies may experience substantial surges that could potentially push their prices far above their previous all-time highs. In light of this, the crypto analyst has advised the broader cryptocurrency community to remain vigilant and make necessary preparations for this anticipated bullish event.&nbsp; 
Lately, market sentiment has been indicating a <a href="https://bitcoinist.com/bitcoin-whales-sell-but-price-holds-on-above-62000/" rel="nofollow">shift</a> from Bitcoin investments to <a href="https://bitcoinist.com/whale-abandons-massive-pepe-position-for-shiba-inu-how-much-shib-did-they-buy/" rel="nofollow">meme coins</a> and other major <a href="https://www.newsbtc.com/news/company/as-bitcoin-breaks-past-57000-which-altcoins-are-also-set-to-boom/">altcoins</a>. Just last week, a Solana-based memecoin, <a href="https://www.newsbtc.com/meme-coin/dogwifhat-what-memecoin-barges-into-86th-spot-with-320-rally-whats-going-on/">Dogwifhat (WIF)</a> experienced a massive surge, propelling its price to $1 and boasting a year-to-year gain of over 90%.&nbsp; 
Furthermore, popular altcoins like Solana and Cardano have witnessed significant price increases and growth in their respective markets. On March 1, <a href="https://bitcoinist.com/solana-price-2-year-high/" rel="nofollow">Solana’s price surged</a> to two-year highs, skyrocketing above $136. Conversely, Cardano <a href="https://bitcoinist.com/cardano-network-sees-massive-growth-in-new-wallets/" rel="nofollow">recorded a boost in its adoption rate</a>, with the total number of Cardano wallets in the ecosystem approaching 4.6 million.&nbsp; 
These subtle developments are indicating a potential shift in the <a href="https://www.newsbtc.com/altcoin/altcoins-season-analyst-predicts-2x-surge-post-bitcoin-rally/">market dynamics of altcoins</a>, as an increasing number of cryptocurrencies are beginning to mirror Bitcoin’s bullish momentum.&nbsp; 
<h2 id="altcoins-gearing-to-pump">Altcoins Gearing To Pump</h2> 
A crypto analyst, identified as “Dami Defi” on X has <a href="https://x.com/damidefi/status/1763835615718863057?s=46" rel="nofollow">disclosed</a> that recent market trends are signaling that “altcoins are getting ready to pump.” 
Dami Defi’s predictions are anchored in the diminishing dominance of <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-profitability-reaches-97-for-the-first-time-in-over-2-years/">Bitcoin</a> in the cryptocurrency market. He explained that when the market capitalization of the entire crypto market is on the rise and simultaneously, <a href="https://bitcoinist.com/bitcoin-dominance-returns-above-50/" rel="nofollow">Bitcoin’s dominance</a> decreases, it often signals a healthy and widespread bull market in the crypto space.&nbsp; 
According to the analyst, this scenario implies that the market’s growth is not solely focused on Bitcoin but would also potentially be distributed across various <a href="https://bitcoinist.com/bitcoin-dominance-climbs-above-50/" rel="nofollow">altcoins</a>. He has revealed that despite Bitcoin’s recent price rally, the cryptocurrency has been experiencing <a href="https://bitcoinist.com/bitcoin-outflows-from-exchanges-rise-to-8-month-highs-will-btc-rise-to-60000/" rel="nofollow">notable outflows</a>, with a substantial portion of these funds moving into altcoins.&nbsp; 
“If we continue to see BTC dominance go down and total 3 resistance gets broken, all hell will break lose and altcoins will pump crazy,” Dami Defi stated.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/NfuPGVJv/" alt="Altcoin total market cap from Tradingview.com (Crypto analyst)" width="3286" height="1530">

Crypto Expert Says ‘Prepare Yourself’ For Massive Altcoin Run, Here’s Why

Table of Contents

NewsBTC

Other articles published on Mar 4, 2024

'Dogecoin Killer' Shiba Inu's Burn Rate Explodes 30,000% After SHIB Introduces New Privacy-Focuse...

RFK Jr. Blames Big Banks For Turning Congressmembers Against Bitcoin: 'We Need To Make Sure That ...

Litecoin (LTC) & DeeStream (DST) Presale Synergy & 50X Gains Expected in the Crypto Streaming Rev...

Bitcoin Withdrawals From Crypto Exchanges Surpassed $2 Billion In A Day As Bitcoin Surges Towards...

Cardano (ADA) Adds $2 Billion in 24 Hours Amid 42% Volume Surge

Revolutionizing Social Finance with DeChat AI: Introducing the Validator Vault

Join our free newsletter for daily crypto updates!