Polkadot

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 A widely followed crypto analyst is taking a look at the altcoin markets as they trade against Bitcoin (BTC).
 Crypto trader Michaël van de Poppe&nbsp;tells&nbsp;his 710,800 followers on the social media platform X that altcoins are down big right now when trading against BTC.
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 “Altcoins are down 50-70% in their Bitcoin pairs.
 That’s an actual opportunity to get yourself positioned into them.”
 Despite the recent consolidation in the altcoin markets, Van de Poppe&nbsp;says&nbsp;alts still have room to grow.
 “… the altcoin market capitalization has seen a correction, which ultimately leads to dip buying opportunities.&nbsp;
 However, taking a look at the broader scope of things, it doesn’t really show a large correction and there’s still way more to gain…”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GKLskCfXMAAvEUL?format=png&amp;name=4096x4096" alt="" width="1063" height="499">
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 Source: Michaël van de Poppe/X
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 Looking specifically at the altcoin Polkadot (DOT), Van de Poppe&nbsp;says&nbsp;the interoperability chain has a good chance of running up against BTC in the coming months.
 “Polkadot is still at a cycle low in the BTC pair.
 Altcoins have been losing value against Bitcoin in the previous period as Bitcoin took the spotlight.
 In the coming months, likely this will reverse.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GKTfK6aXgAAigSP?format=png&amp;name=large" alt="" width="1063" height="499">
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 Source: Michaël van de Poppe/X
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 DOT is worth 0.00013 BTC ($8.60) at time of writing, down 10% in the last week.
 Focusing on Ethereum (ETH), the crypto analyst says&nbsp;ETH is preparing to take off, regardless of trader fear, uncertainty and doubt (FUD).
 “Ethereum facing cycle low at 0.049 BTC ($3,311) as it’s approaching the support level.
 This is one of the two regions where I’m interested:
 – Sweep and reclaim and I’m more than interested into taking longs.
 The rotation towards Ethereum is likely to begin, despite the FUD.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GKTfYBmXkAASnt1?format=png&amp;name=large" alt="" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Michaël van de Poppe/X
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 ETH is worth 0.050 BTC ($3,379) at time of writing, up 1.2% in the last 24 hours.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/as-altcoins-take-a-dip-against-bitcoin-one-crypto-analyst-breaks-down-opportunities-for-traders-tbt84480.html">https://thebittimes.com/as-altcoins-take-a-dip-against-bitcoin-one-crypto-analyst-breaks-down-opportunities-for-traders-tbt84480.html</a>

As Altcoins Take a Dip Against Bitcoin, One Crypto Analyst Breaks Down Opportunities for Traders

TheBitTimes

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