Analyst Predicts Altcoins to Double in Value
Crypto analyst Michaël van de Poppe believes altcoins are poised for a significant rally in the coming months. He analyzed the TOTAL3 chart, which tracks the total market cap of all cryptocurrencies excluding Bitcoin and Ethereum, and identified a bullish higher low setup at around $450 billion. Van de Poppe believes this indicates that altcoins could potentially double in value.
Bitcoin to Reach $48,000-$50,000 Before Halving
Van de Poppe also predicts that Bitcoin will rally to the $48,000 to $50,000 level before its April halving, when BTC miners’ rewards are cut in half. He believes this rally will be followed by a correction down to $38,000, which will give altcoins the opportunity to outperform Bitcoin.
Chainlink Rival API3 Poised for Gains
Van de Poppe also highlighted Chainlink rival API3 as a cryptocurrency with potential for growth. He believes that API3 is “waking up” and heading toward a price tag of between $4.60 and $4.80 as long as it can maintain its support around $2.50.
The opinions expressed in this article are not investment advice. Investors should do their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.