Cryptocurrency

Rally

Satoshi

Read

Chainlink

<p>Cryptocurrency analyst Michaël van de Poppe provides thoughts on the present condition of altcoins. He suggested they are at their lowest point in three years and could be on the verge of a massive bull market.</p>
<p>In his latest tweet, van de Poppe shares several key factors that could cause a surge in altcoin prices.</p>
<h2 class="wp-block-heading" id="factors-shaping-the-crypto-market">Factors Shaping the Crypto Market</h2>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Altcoins</a> are the cheapest in three years! <br><br>You might wonder whether we’ll be having a bull market for altcoins ever again. I think it’s on the horizon and in this video, I explain which event needs to be happening: <a href="https://t.co/kLK5AWuUPS" target="_blank" rel="noopener noreferrer nofollow">https://t.co/kLK5AWuUPS</a><br><br>Multiple arguments can be found for a… <a href="https://t.co/KYHIsTE4OX" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/KYHIsTE4OX</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1807791565122732143?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 1, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Van de Poppe stated that the last Federal Reserve meeting was the most hawkish in the past year. Despite Jerome Powell’s bearish remarks on crypto, the analyst notes a major decrease in Treasury bond yields.</p>
<p>This divergence suggests that the market is pricing in potential rate cuts sooner than the Fed’s projections. Van de Poppe is also predicting multiple rate cuts rather than the single cut forecast by the Fed.</p>
<p>The analyst draws a parallel to October 2023, when treasury yields peaked and altcoins experienced substantial runs. During this period, many altcoins saw 5-10x gains against Bitcoin before BTC reasserted its dominance.</p>
<p><strong><em>Read more:&nbsp;<a href="https://captainaltcoin.com/is-ripple-behind-massive-400-million-unlock-in-xrp/" target="_blank" rel="noopener noreferrer nofollow">Is Ripple Behind Massive $400 Million Unlock in XRP?</a></em></strong></p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="cyclical-nature-of-crypto-markets">Cyclical Nature of Crypto Markets</h2>
<p>Van de Poppe highlights a remarkable seasonality in crypto markets over the past three years. He uses <a href="https://chain.link/" target="_blank" rel="noopener noreferrer nofollow">Chainlink (LINK)</a> as a prime example:</p>
<ul>
 <li>2022: Correction in the first half, followed by a 120% surge in the second half</li>
 <li>2023: Similar pattern with a nearly 150% increase in the latter half of the year</li>
 <li>2024: Currently experiencing downward momentum, with Chainlink correcting by over 60%</li>
</ul>
<p>The analyst suggests that this pattern indicates a potential reversal in the second half of 2024, with bottoms typically forming in May/June.</p>
<p><strong><em>Read more: <a href="https://captainaltcoin.com/analyst-predicts-where-ripples-xrp-price-is-headed-next-hint-ath-incoming/" target="_blank" rel="noopener noreferrer nofollow">Analyst Predicts Where Ripple’s XRP Price is Headed Next: Hint – ATH Incoming</a></em></strong></p>
<p>Examining the OTHERS/BTC chart, which represents the performance of altcoins against Bitcoin, van de Poppe identifies a double bottoming procedure.</p>
<p>This technical formation, coupled with altcoins being at their lowest valuations compared to Bitcoin in three years, supports his thesis of an impending altcoin season.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/crypto-analyst-altcoins-like-chainlink-link-are-the-cheapest-in-3-years-shares-factors-that-could-trigger-a-rally/" rel="noopener noreferrer nofollow">Crypto Analyst: Altcoins Like Chainlink (LINK) Are the Cheapest in 3 Years; Shares Factors That Could Trigger a Rally</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Crypto Analyst: Altcoins Like Chainlink (LINK) Are the Cheapest in 3 Years; Shares Factors That Could Trigger a Rally

Table of Contents

CaptainAltcoin

Alte articole publicate pe 2 iul. 2024

Solana (SOL) and Mpeppe (MPEPE): The Power Duo Revolutionizing Crypto Investments

Crypto Analyst Criticizes Market-Wide Bitcoin Price Predictions

Solana Increases Liquid Staking Rate

Cardano and Ethereum Bullish Breakouts Signal Major Gains

TheMoonMemes Announces $TMM Token Presale and Special Rate for Early Adopters

WadzPay Revolutionizes Digital Currency Payments, Could a Ripple-Wadz Collab Happen?

Join our free newsletter for daily crypto updates!