🗞️ Michaël van de Poppe observed that altcoins are currently at their lowest levels relative to Bitcoin in the past 3 years. He highlighted an analyst’s arguments for impending altcoin growth, citing a recent hawkish Federal Reserve meeting. Van de Poppe recalled October 2023, when many altcoins surged 5 to 10 times compared to Bitcoin amid peak bond yields, followed by Bitcoin’s resurgence, leading to altcoin price declines.

He underscored the cyclical nature of the crypto market, using Chainlink as an example: after a 2022 correction, it rose 120% in the latter half, and a similar trend was seen in 2023 with a 150% increase. Van de Poppe noted a current downtrend in altcoins (Chainlink down over 60%), anticipating a potential turnaround in the second half of 2024.

He emphasized that the launch of an ETH-ETF in the US could spark rapid altcoin growth.

ℂ𝕣𝕪𝕡𝕥𝕠 𝕖𝕟𝕥𝕙𝕦𝕤𝕚𝕒𝕤𝕥, 𝕘𝕪𝕞-𝕘𝕠𝕖𝕣 🦾, 𝕡𝕙𝕠𝕥𝕠𝕘𝕣𝕒𝕡𝕙𝕖𝕣 📸, 𝕒𝕟𝕕 𝕓𝕠𝕠𝕜 𝕝𝕠𝕧𝕖𝕣 📚.…………..ℍ𝕆𝔻𝕃 🦾😎