Cryptocurrency Trader Unveils Trading Strategy for the Following Months, Claims Altcoins Are Just Getting Started
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Noted cryptocurrency expert shares his current trading approach.
Cryptocurrency expert Michaël van de Poppe discloses his trading strategy to his substantial Twitter following of almost 700,000 for the next couple of months.
“Current strategy over the next period:
– Brace for a potential downturn in Bitcoin (BTC), as the cryptocurrency seems ready to consolidate after its recent peak.
– Shift attention toward the Ethereum (ETH) ecosystem.
Hodl for 1-2 months, then convert to cash and wait out the anticipated correction.”
Van de Poppe, favoring alternative cryptocurrencies for the next period, believes that the market cap for altcoins, classified as all cryptocurrencies excluding BTC and ETH, may surge to a $1 trillion valuation.
“The Altcoin market cap hasn’t fully kicked into gear yet.
Plenty of room for growth and opportunities ahead, where I foresee a potential rally up to the $800 billion to $1 trillion mark.”
He also emphasizes that the ideal time to invest in cryptocurrencies and BTC is not when they are soaring to new highs.
“Here’s the insight on Bitcoin and Crypto.
When an asset is down 80%, interest is low.
But at new peaks, everyone’s attention spikes.
So, given that most Altcoins are still 50-80% below their peak values, they present an excellent investment chance.
It’s pre-halving periods that are often the best times to acquire them.”
At the moment, BTC’s value stands at $51,582.
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Disclaimer: The views expressed at The Daily Hodl are not investment advice. Before engaging in high-risk investments in Bitcoin, cryptocurrencies, or digital assets, investors should conduct careful due diligence. Please be advised that your trades and transfers are your own responsibility, and you may incur losses for which you alone are accountable. The Daily Hodl is neither an investment advisor nor does it endorse the purchase or sale of any cryptocurrencies or digital assets. Please note that The Daily Hodl engages in affiliate marketing.
Featured Image: Shutterstock/Iryna Palmina/Natalia Siiatovskaia
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