Token

Render

2024

Bitcoin

<p>Despite recent market turbulence, optimists firmly believe in a crypto comeback. As the market goes through a correction phase, some experts predict a strong return of altcoins, driven by solid fundamentals.</p>
<h2 id="h-signs-of-crypto-recovery">Signs of Crypto Recovery</h2>
<p>Yesterday, Bitcoin showed <a href="https://www.cointribune.com/en/bitcoin-and-altcoins-an-unexpected-recovery/" target="_blank" rel="noopener noreferrer nofollow">encouraging signs</a>, suggesting <strong>a possible end to its free fall</strong>. This rebound has rekindled hope among investors that the crypto market might be on the verge of a recovery.</p>
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<p>Michael van de Poppe, a renowned crypto analyst, pointed out that <strong>this correction could be the last</strong> before new capital flows into altcoins.</p>
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     <p lang="en" dir="ltr">This chart explains it all. The <a href="https://twitter.com/hashtag/Altcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Altcoin</a> sentiment is terrible currently, as the BTC valuations of all the altcoins are reaching new lows.<br><br>The last time this happened:<a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> went +500%<a href="https://twitter.com/search?q=%24FET&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$FET</a> went +650%<a href="https://twitter.com/search?q=%24RNDR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$RNDR</a> went +300%<br><br>This time, altcoins are likely to do the same. <a href="https://t.co/KYpzPqwDKV" rel="noopener noreferrer nofollow">pic.twitter.com/KYpzPqwDKV</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1804559982064541737?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 22, 2024</a>
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  Optimistic tweet from Michael van de Poppe about altcoins – Source: X
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<p>Last week, the crypto market, except for Bitcoin, retreated by 3%, while <strong>last month, it fell by nearly 10%.</strong></p> 
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<p>However, <strong>altcoins like Solana, Fetch.ai, and Render Token</strong> are showing signs of potential spectacular rebounds, with <strong>anticipated increases of 500%, 650%, and 300% respectively</strong>.</p>
<p>This Bitcoin turnaround could therefore signal a similar growth phase for these secondary cryptos.</p>
<h2 id="h-optimism-for-altcoins">Optimism for Altcoins</h2>
<p>Despite the prevailing pessimism, Michael van de Poppe remains <strong>optimistic about the future of altcoins</strong>, states <a href="https://coinpedia.org/news/crypto-market-correction-altcoins-poised-for-a-major-comeback-with-100-rally/" target="_blank" rel="noopener noreferrer nofollow">CoinPedia</a>. He notes that the market cap of altcoins is currently 50% below its all-time high of 2021.</p>
<p>With the recent correction amplifying their decline by 30%, <strong>the current situation could be setting the stage</strong> for <a href="https://www.cointribune.com/en/bitcoin-aiming-for-90000-prepare-for-the-rally/" target="_blank" rel="noopener noreferrer nofollow">a significant recovery</a>.</p>
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<p>History shows us that <strong>correction periods often precede impressive rallies</strong>. For example, Solana, Fetch.ai, and Render Token have already experienced spectacular increases in similar contexts.</p>
<p>Van de Poppe believes this trend could repeat, leading to <strong>a potential 100% increase in altcoins</strong>. This forecast is supported by solid fundamentals and a reduced supply of certain altcoins, suggesting that the worst may be behind us.</p>
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<p>In conclusion, despite <a href="https://www.cointribune.com/en/is-the-bitcoin-and-altcoin-bull-market-over/" target="_blank" rel="noopener noreferrer nofollow">recent declines</a>, cryptos could experience a major recovery. The question remains: will this comeback mark a new turning point for the crypto market?</p>

Crypto: Why could altcoins soon explode?

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Cointribune EN

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