United

Bitcoin ETF

Bitcoin

<p>The post <a href="https://coinpedia.org/price-analysis/altcoin-market-cap-could-double-in-the-next-two-to-four-months-predicts-michael-van-de-poppe/">Altcoin Market Cap Could Double in the Next Two to Four Months – Predicts Michaël van de Poppe</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>As the spot Bitcoin ETF frenzy in the United States settles, investors were observed taking refuge in the stablecoins market amid short-term uncertainties. Notably, the latest report by CoinShares shows that digital assets investment products saw significant outflows from a global perspective, totaling about $500 million last week. </p> 
<p>Interestingly, while Bitcoin and Ethereum’s investment products recorded an outflow, Solana-based products remained a favorite among investors, with an inflow of $3 million last week, thus signaling heightened demand for medium and small-capped altcoins.</p> 
<h2 class="wp-block-heading" id="h-ultimate-altseason-signal">Ultimate Altseason Signal</h2> 
<p>Amid the heightened demand for low-cap altcoins with higher chances of rising soon, crypto analysts have unanimously concluded that the altseason will be signaled by the bullish breakout of the ETH/BTC pair from a multi-week falling trend. Having found a solid support level around 0.051 and the recent rally towards 0.061, crypto traders should consider a rally toward 0.071 as a signal of the much-anticipated altseason.</p> 
<h2 class="wp-block-heading" id="h-critical-targets-for-the-altcoin-market-cap">Critical Targets for the Altcoin Market Cap</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">The <a href="https://twitter.com/hashtag/Altcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoin</a> market capitalization is holding above the crucial threshold of $675 billion.<br><br>I'm expecting continuation to be happening towards $1-1.25T in the coming 2-4 months. <a href="https://t.co/b1ggOn6XjN">pic.twitter.com/b1ggOn6XjN</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1752251553333805286?ref_src=twsrc%5Etfw">January 30, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>According to a popular crypto analyst, Michaël van de Poppe, based in Amsterdam, Netherlands, the altcoin market cap could easily double in value in the coming four months. Notably, the crypto analyst has set the first target for the altcoin market cap at around $1.03 trillion and the second at about $1.25 trillion. In a worst-case scenario, Poppe expects the support level of around $675 billion to hold strongly.</p>

Altcoin Market Cap Could Double in the Next Two to Four Months – Predicts Michaël van de Poppe

İçindekiler

CoinPedia News

30 Oca 2024 tarihli diğer yazılar

Decentraland Crypto: Can MANA Crypto Price Plummet or Fly Above?

Bitpanda launches institutional crypto platform with cold storage

Stock market chills: S&P 500 defies gravity while Bitcoin remains in a precarious balance

dYdX Eyes $30M Boost from DAO: Expansion, Diversification & More!

German Police Makes Largest Bitcoin (BTC) Seizure in Tax Bust

Bitcoin Mining Revenue Skyrockets: BRC-20 Adoption Leads to Exponential Growth

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!