Ethereum

2024

Bitcoin

Spot

<p>The post <a href="https://coinpedia.org/news/altcoin-season-poised-to-begin-as-legendary-analyst-reveals-exact-month-when/">Altcoin Season Poised To Begin As Legendary Analyst Reveals Exact Month When&nbsp;&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The past few weeks have been significant for the crypto market, as the US SEC took many by surprise by <a href="https://coinpedia.org/news/big-win-for-ethereum-as-the-sec-approved-spot-ethereum-etfs/">approving all 8 Ethereum ETFs</a>. Adding to the momentum, Australia and Thailand have each launched their first-ever Spot Bitcoin ETF.</p> 
<p>Now, the focus has shifted to the altcoin market. Despite recent corrections with some altcoins dropping by 10-20%, they are now ready for another upward move. Fueling this optimism, Legendary crypto analyst Michael van de Poppe expects a massive rally for <a href="https://coinpedia.org/news/altcoin-season-is-on-the-horizon-as-analysts-predict-massive-breakout-ahead/">altcoins in the coming months</a>.</p> 
<h2 class="wp-block-heading" id="h-altcoins-are-ready-to-move">Altcoins Are Ready To Move</h2> 
<p>Michael van de Poppe, known for his insightful market analyses, believes that altcoins are primed for a notable rally. Van de Poppe highlighted that the momentum for altcoins is expected to build up from late June, continuing through September and into October.&nbsp;</p> 
<p>This suggests a potential period of sustained growth and recovery for altcoins, which have been underperforming in recent months.</p> 
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   <p lang="en" dir="ltr">The <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> are ready for their upwards run. <br><br>I think we'll be seeing a lot of momentum from late June until September – October.<br><br>A repricing back to their normal values after the big cascade of the first period of the year.</p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1798663876005020106?ref_src=twsrc%5Etfw">June 6, 2024</a>
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<p>Further into analysis, Van de Poppe elaborated that this expected rally represents a repricing of altcoins back to their “normal values.” This implies that altcoins, which have been trading below their historical averages, may soon see a correction that aligns their prices with their intrinsic values.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-shifting-interest-from-btc-to-altcoin">Shifting Interest From BTC To Altcoin</h2> 
<p>Looking at the bitcoin price trajectory BTC is currently continuing the fight against the resistance zone in between $69K and $71K. Even Bitcoin has been suffering a substantial correction in the past two weeks.&nbsp;</p> 
<p>Many in the crypto space believe that hat if Bitcoin’s price dips below the $68k mark, investor attention will shift towards altcoins. This shift is driven by the expectation of higher returns on alternative cryptocurrency investments.</p>

Altcoin Season Poised To Begin As Legendary Analyst Reveals Exact Month When

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