Crypto trader Michaël van de Poppe predicts a turnaround for altcoins in early 2025. He believes the current correction is nearing its end.
Altcoin Market Correction Nearing its End?
Van de Poppe, who boasts a large YouTube following, analyzed the TOTAL3 chart (which tracks the market cap of all cryptos except Bitcoin, Ethereum, and stablecoins). He sees signs pointing towards a bullish reversal. He expects the correction to possibly last only a couple more weeks into January before prices start to climb again.
Ethereum and Other Alts Showing Strength
He’s also optimistic about Ethereum’s performance against Bitcoin (ETH/BTC), noting an emerging uptrend. He points to increased trading volume in some altcoins, like Optimism (OP), as a sign of investor accumulation. This suggests that investors are buying the dip, anticipating future price increases. He highlights the gap between Ethereum’s performance and other altcoins within the Ethereum ecosystem, indicating undervaluation.
Current Prices and Disclaimer
At the time of writing, OP/BTC was trading at 0.00002051 BTC ($2.01), up nearly 6% in the last 24 hours. ETH/BTC was trading at 0.03675 BTC ($3,606), up over 3% in the same period.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies. Investing in crypto is risky, and you could lose money./p>
