Accumulate

Litecoin

Bitcoin

Shiba Inu

Time

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/altcoin/altcoin-market-awaits-breakout-is-it-right-time-to-buy-altcoins/">Altcoin Market Awaits Breakout: Is It Right Time To Buy Altcoins?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In recent weeks, the altcoin market has struggled to capitalize on Bitcoin’s shortcomings, leaving many investors disappointed. However, amidst this trend, a few outliers have emerged, with Shiba Inu (SHIB) notably rallying over 20% in the first week of August. The much-anticipated Litecoin halving, though hyped, resulted in an 11% correction, dampening the spirits of bullish traders. While many altcoins have been consolidating horizontally, uncertainty looms in the short term.</p> 
<p>Despite this apparent stagnation, there is a beacon of hope from an influential figure in the crypto realm. Michaël van de Poppe, a prominent crypto analyst and influencer hailing from Amsterdam, Netherlands, has maintained an optimistic outlook for the altcoin market. </p> 
<p>In a recent YouTube video, Poppe shared his conviction that the long-standing consolidation phase is paving the way for an impending surprise rally.</p> 
<h2 id="why-accumulate-altcoins-now" data-name="why-accumulate-altcoins-now" class="wp-block-heading">&nbsp;Why Accumulate Altcoins Now?</h2> 
<p class="has-text-align-center"><img decoding="async" src="https://lh3.googleusercontent.com/WWdEc7nFmY1xArBvHceiYK1O-EDT6Mf--az0wFVeS0t16ups46g0ob7Eh8U-KWRwfg7xPJ71Jq5zz3KQUtEQz5HRMA8X_Xes8-dJ8ynzKG2qUz6U8sMBIcqkH0v3kKE4DFNASCZ41sqHKEQu1rHu0fbCG-IklZHJjhPZG4450u0Vei5YqjxglUSa-00jBA" width="624" height="311"></p> 
<p>Poppe’s assessment hinges on the idea that the current market conditions, which have left many traders frustrated and disheartened, are merely a prelude to a significant upturn. He envisions a potential surge that could propel the overall crypto market cap to around $1.75 trillion, homing in on a crucial supply and demand zone.</p> 
<p>The crux of Poppe’s argument rests on the anticipation that altcoins will spearhead this rally, asserting their dominance while Bitcoin’s hold wavers in the short term. A notable observation is the weakening grip of Bitcoin’s dominance on the weekly timeframe, approaching a pivotal resistance level according to historical data. This development raises the possibility of Bitcoin undergoing a direct price capitulation.</p> 
<p class="has-text-align-center"><img decoding="async" src="https://lh6.googleusercontent.com/mBiTq0KQuWAJvgcVDzFGLJwLGWpBNTCfGc7ln9UB1NdxtyVYpEVb0qgZpIztDbmCnbqvObm-Z9NZpY9NADLDL3ga-xO7rzNDZaSWDQ-Oc2ZAhktNKcpRtgBIWykUw7XYgKE0bGGL8xY8xV3l-fV4O1CzJwBW5LHgPkuf0HuDXwWUdpcezKVuPv9zxOhnjw" width="624" height="311"></p> 
<p>An intriguing catalyst fueling this anticipated turnaround is the growing interest of institutional investors, particularly spearheaded by heavyweight player BlackRock. These entities are increasingly immersing themselves in the crypto market, a move driven by the need to counter escalating global inflation amid rising interest rates.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
 <div class="wp-block-embed__wrapper"> <iframe title="Now is the time to BUY ALTCOINS! | CryptoMichNL" width="1220" height="686" src="https://www.youtube.com/embed/wpr9xlAUl9Q?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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Altcoin Market Awaits Breakout: Is It Right Time To Buy Altcoins?

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