😱🚀🚀Market correction Are these Altcoins poised for a massive 100% comeback?
In the past week, the crypto market, excluding Bitcoin, has shrunk by 3%, and in the last month, it’s down by almost 10%. This suggests that money is moving away from altcoins, possibly causing them to lose value over time. However, some altcoins with stronger fundamentals or reduced supply could see a comeback.
Meanwhile, well-known crypto analyst Michael van de Pop foresees this as potentially the last correction before new capital re-enters the altcoin market.
Capital Rotation Into Altcoins
According to van de Pop, the sentiment surrounding altcoins is currently pessimistic, as reflected by the declining Bitcoin valuations of various altcoins, reaching new lows. Van de Pop’s analysis suggests that the present situation in the altcoin market may mirror past trends, hinting at the potential for a similar resurgence.
Highlighting past occurrences, van de Pop points out the impressive surges witnessed by Solana ($SOL ), Fetch.ai ($FET ), and Render Token ($RNDR ), which recorded gains of over 500%, 650%, and 300%, respectively.
These historical patterns serve as compelling evidence for van de Pop’s forecast of a potential altcoin resurgence. Despite the current challenges facing altcoins, relative to Bitcoin, van de Pop’s analysis suggests that the market may be poised for a turnaround similar to past rallies.
Altcoin Poised For 100% Rally
Analyst van de Pop expressed optimism for the future of altcoins. He highlighted that the alt market cap remains 50% below its all-time high from 2021, with the recent correction exacerbating the decline by an additional 30%.
As the correction approaches its conclusion, Poppe anticipates a potential 100% rally in altcoins, mirroring Bitcoin’s trajectory.
