⚠️ Analyst Names Top Altcoins to Buy After Recent Market Dip

Popular analyst Michaël van de Poppe shares a list of altcoins that could bounce off more strongly after the last dip. This comes as crypto markets reel from the recent correction that saw Bitcoin (BTC) test the depths of $49,000.

🔸 Bittensor (#TAO )

An analyst has predicted a 5 to 10X potential for TAO, an AI-driven crypto coin, following its 70% rally from recent lows. This surge has caught the attention of many traders. Michaël van de Poppe is not alone in his optimism; other experts also foresee further gains for the Bittensor token, considering it a strong investment.

“If you’re aiming for a significant boost in your portfolio, TAO might be a compelling choice. Currently, the market cap stands at an impressive $2 billion, reflecting the strong performance and potential of TAO,” noted Lucky, a seasoned Bitcoin investor.

🔸 Aave (#AAVE )

Michaël van de Poppe has also pointed to AAVE as a promising asset, noting significant accumulation against Bitcoin and the formation of higher highs against the USDT stablecoin, both signs of growing bullish momentum. He observes that AAVE has been in horizontal consolidation, with no significant price drops, which he sees as a strong indicator.

Beyond the bullish technical outlook, on-chain metrics for AAVE are also favorable. The Aave blockchain boasts a total value locked (TVL) of around $11.5 billion, against a market capitalization of over $1.4 billion.

🔸 Aevo (#AEVO )

Michaël van de Poppe also highlights AEVO as a promising buy, pointing to its predictions and options market. From a technical perspective, he notes a bullish divergence in the Relative Strength Index (RSI), where the RSI shows higher lows against the price’s lower highs, indicating growing bullish momentum.

Van de Poppe further identifies a falling wedge pattern on AEVO’s one-day chart, which suggests a potential breakout to the upside. This pattern is widely regarded as a bullish reversal signal.