Crypto Expert Says Dogecoin, Shiba Inu, PEPE, Others Are About To Explode
09 Mars 2024 - 4:00PM
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Crypto analyst Michaël van de Poppe has laid a bullish narrative
for altcoins, predicting that these crypto tokens will make a
significant run of theirs soon. This prediction is based on his
belief that altcoins are still undervalued compared to the flagship
crypto, Bitcoin. Crypto Analyst Says Altcoins Are About To
Explode Michaël van de Poppe mentioned in an X (formerly Twitter)
post that “there is still around 40-60% market capitalization to
gain for the altcoins.” In a subsequent X post, he noted that the
valuations of these crypto tokens in their BTC pairs are still
relatively low, and that suggests that “strength is still to come,”
he claimed. Related Reading: Dogecoin To $100? Crypto Analyst
Reveals The Key The analyst believes that the valuation of these
altcoins should be done using their “Bitcoin values” and no other
way. If that is done, he remarked that one will be able to see that
“most altcoins are still heavily undervalued compared” to the
flagship crypto. Meanwhile, he hinted that altcoins will enjoy
these significant gains once Bitcoin consolidates. In a video
posted on his YouTube Channel, Michaël van de Poppe elaborated on
the correlation between Bitcoin and these altcoins. The analyst
stated that Bitcoin hitting new highs means that there is more
money in the market and that this money will rotate to other crypto
tokens soon enough. Once that happens, he expects these
altcoins to make significant returns that might be underestimated
because of the bear market stigma. Meanwhile, Michaël van de Poppe
predicts that altcoin season will come in different rounds. The
first one will see these crypto tokens coming close to their
all-time high (ATH) or even breaking it, as seen with some
already. The Best Time To Have Bought Altcoins Michaël
van de Poppe had previously prepared his followers for this
imminent altcoin season when he advised them on the right time to
buy these crypto tokens. Back then, he mentioned that the best time
to invest in altcoins was “6-10 months prior to the Bitcoin
Halving.” Related Reading: Shiba Inu Sees 2,000% Explosion In
Adoption, Is SHIB Headed For A $0.0008 ATH? The analyst called that
one correctly, seeing as altcoins have made significant runs since
then alongside Bitcoin. AI and Meme coins, in particular, have led
the way, with tokens like the foremost meme coins, Dogecoin (DOGE)
and Shiba Inu (SHIB), seeing a significant increase in their market
cap. Despite the tremendous run these tokens have made so
far, there still seems to be an opportunity for investors to
position themselves, considering that Michaël van de Poppe
mentioned that they are still undervalued. DOGE price at
$0.166 | Source: DOGEUSDT on Tradingview.com Featured image from
The Crypto Times, chart from Tradingview.com
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