Bitrabo Editorial
Crypto market expert Michael Van de Poppe forecasts a bullish trend for altcoins, indicating a potential surge in their value. He also outlines a timeline for this anticipated upswing and the magnitude of growth expected for these alternative cryptocurrencies.
Anticipated Altcoin Surge During Summer Months
Van de Poppe, through a recent post on X, suggested that the altcoin market is poised for an upward trajectory and is likely to experience substantial momentum between late June and either September or October. The analyst noted that during this phase, altcoins would regain their intrinsic value, hinting at a reversal of the significant decline they have seen since the beginning of the year.
Emphasizing the undervaluation of altcoins, Van de Poppe previously predicted a noteworthy surge in their performance against Bitcoin post-halving. He also foreshadowed a shift in focus towards Ethereum and projected that the leading altcoin could pave the way for a broader altcoin season.
Van de Poppe speculates that the initiation of Spot Ethereum ETFs could act as a catalyst for the upcoming altcoin season. This aligns with his forecast of a late June commencement, synchronized with Bloomberg analyst Eric Balchunas’ projection of Ether-based ETF trading activities around the same timeframe.
Strategic Positioning for the Impending Altcoin Season
With an eye on the impending altcoin season, Van de Poppe disclosed his strategic allocation by transitioning his Bitcoin holdings into altcoins. He further diversified his altcoin portfolio to optimize returns and confidently anticipated a robust performance in the altcoin market.
Van de Poppe also revealed a curated list of ten undervalued tokens that he believes hold promising potential in the current market cycle, including Chainlink (LINK), Celestia (TIA), Arbitrum (ARB), Polkadot (DOT), and Cosmos (ATOM), among others.
Another cryptocurrency analyst, Lark Davis, suggested positioning oneself early for the imminent altcoin surge, signaling a favorable time to explore riskier assets in preparation for the anticipated season. Data from Blockchain Center indicates that the market has yet to enter a full-fledged altcoin season, with only a limited number of altcoins outperforming Bitcoin over the past 90 days.
Referencing the Altcoin Season Index by Blockchain Center, a genuine surge in altcoin dominance is characterized by 75% of the top 50 cryptocurrencies by market capitalization overshadowing Bitcoin’s performance. However, with only a dozen altcoins outperforming Bitcoin currently, it suggests that the market is still predominantly influenced by Bitcoin.