Michael van de Poppe, founder of MN Consultancy, made remarkable evaluations about the altcoin season.
As the cryptocurrency market continues to rise, investors are looking to see a potential rally in altcoins. While many altcoins have fallen short of their all-time highs, altcoins are expected to follow suit after Bitcoin’s record-breaking cycle.
While Bitcoin is approaching $100,000, Ethereum is trading around $3,600. There are notable increases in the positive altcoin market.
Crypto analyst Michael van de Poppe emphasized in his posts on the X platform that the upward cycle of altcoins will continue. Poppe used the following statements:
“This is the last easy cycle where you can turn your $1,000 into $100,000.”
Michael van de Poppe predicts that the rise in the Bitcoin and altcoin markets will continue until the end of the year. Drawing attention to the approaching monthly close, Poppe stated that increases in altcoins may be seen throughout the weekend. According to the analyst, altcoins that continued their upward trend over the weekend will complete the monthly close positively.
Poppe also stated that the Labor Market data to come from the US next week will contribute to the rise in altcoins. He stated that interest rates in the US will decrease and this will be reflected positively in the altcoin market.
The analyst predicts that ETH will continue its positive trend in the next few weeks. He said that he thinks the bull run will continue in the last quarter of 2024 and the rally will carry over to 2025. Poppe emphasized that this bullish cycle in altcoins is the last big opportunity and investors should not miss it.
Poppe added the following:
“Altcoins will peak next year.”