MN Consultancy founder Michael van de Poppe made remarkable statements about the altcoin market.
The cryptocurrency market has experienced a significant decline in recent days. Following the 20%+ value loss in altcoins, $1.76 billion was liquidated and more than 500 thousand traders were liquidated.
Poppe had said in a post he made hours before the fall, “Bitcoin seems undecided about what to do, a potential downtrend may begin. Altcoins will decline.” Drawing attention with this prediction, Poppe made striking comments about the future of the crypto market.
Poppe told his followers on the X platform that the sudden drop in altcoins was a normal correction. Drawing attention to the correction that took place in the market, the analyst made the following statement:
“There is a sudden drop in altcoins. Some altcoins lost nearly 30% of their value during the day. Don't worry, altcoins will recover quickly.”
Poppe argued that such declines in the market provide a buying opportunity, and that the clearing of large declines and liquidity accumulated in the upward direction will have a healthy effect on the market. He gave the following message:
“We continue.”
Poppe stated that peak coin could stand out in the DePIN area and Stacks (STX) coin could rise in the Bitcoin ecosystem. He also predicts that Ethereum (ETH), the leader of altcoins, will finish the year with an increase.
Another crypto analyst, Ali Martinez, also thinks that the market rally will continue. Martinez predicts that the price of Cardano (ADA) could reach the $4 to $6 range.
