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Popular crypto analyst and EightGlobal founder Michael Van De Poppe says that a year before the Bitcoin (BTC) halving is a good time to stock up on altcoins. He advises his Twitter followers to stay profitable if they start buying altcoins now.
For altcoins, the time to accumulate them has come. One year before the halving -> time to buy those positions. Reached an important level here, which is also approx. 1 year before the halving.
Writes Van de Poppe, who explains that he gives such advice based on historical experience.
It provides graphs showing the price movements of altcoins since 2016 in relation to halving cycles. In addition, his optimism is supported by the market capitalization dominance of altcoins.
Altcoin market dominance refers to the proportion of altcoin capitalization compared to the overall cryptocurrency market capitalization. Currently, according to “Tradingview,” altcoins hold a market dominance of 8.95 percent.
In recent times, this indicator dropped to 8.70, a level not seen since 2021. Van de Poppe states that the crucial range for altcoins lies between 7.02 and 8.70. If altcoins rebound from this critical range, it suggests an influx of capital and sets the stage for an upward trend.
Van de Poppe does not specify altcoins, all of which have the most opportunities. However, he adds, there are a few altcoins that investors can use the most, and they can grow the altcoin market even more. He asked his users on Twitter which altcoins he prefers.
Bitcoin’s next halving is expected between April and May next year. Currently, miners receive 6.25 bitcoins for each block they open, and after the halving, this figure will decrease to 3.125 bitcoins.
The popularity of altcoins is steadily growing, and many traders and analysts are confidently stating that depending only on Bitcoin is not the key to success. Coinmarketcap shows how Bitcoin and altcoin prices fluctuate.
BTC price for now is 26,967 USDT
Also, Lets see TOP altcoins prices
ADA — 0.3653 USDT
WBT — 4.63 USDT
ETH — 1823 USDT
MATIC — 0.871 USDT
Inherently, it is important to conduct thorough research and not consider this as any form of financial advice.
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