- Michaël van de Poppe, renowned strategist, stands out in cryptocurrencies; More than 690,000 followers on social networks follow his analysis and predictions.
- Focusing on altcoins, Van de Poppe highlights API3, an emerging competitor in the dynamic cryptocurrency market.
In the cryptocurrency sector, the pace of change is astonishing, and a momentary lapse in attention can result in missing out on a significant opportunity. This time, we delve into the recent predictions of Michaël van de Poppe, a prominent strategist whose insights have attracted over 690,000 followers on social media platforms. What’s his main focus? Altcoins and a new market generating buzz: API3.
Have you heard of TOTAL3?
It’s a chart that many overlook, but Van de Poppe has been scrutinizing it closely. This chart displays the market capitalization of all cryptocurrencies, excluding the giants Bitcoin and Ethereum. And you know what? There’s a bullish pattern that we can’t ignore. With higher lows, hovering around the $450 billion mark, it’s dropping hints about what might be coming.
The #Altcoin market capitalization remains unchanged.
Crucial area at $600B flips for support, through which a 530 days range has ended, and the markets are in a trend.
I'm expecting continuation to $1T+ market cap. pic.twitter.com/OKi18P6upl
— Michaël van de Poppe (@CryptoMichNL) February 5, 2024
But wait, what about Bitcoin? According to Van de Poppe, before April, when the next halving event is expected, Bitcoin could reach between $48,000 and $50,000. That sounds great, but here’s the twist: a correction could follow this surge. And who would benefit? Exactly, the altcoins.
#Bitcoin stuck in a range, markets are in an equilibrium.
I'd be looking at the range-bound construction for the coming months.
Pre-halving a final run towards $48K, after that consolidation, before the breakout towards an ATH in Q3/Q4 of 2024. pic.twitter.com/jZznulSiwJ
— Michaël van de Poppe (@CryptoMichNL) February 5, 2024
Now, let’s talk about API3.
You’ve probably heard it mentioned in discussions about decentralized oracles, where Chainlink has been the undisputed king. But API3 is emerging as a strong competitor. Van de Poppe suggests that API3 is “awakening,” with the potential to reach between $4.60 and $4.80. Of course, provided it maintains a solid support at $2.50.
Why is this important?
Because in the cryptocurrency sector, where innovation and competition are the order of the day, keeping an eye on these movements can make the difference between staying ahead or falling behind. Van de Poppe is essentially telling us not to take our eyes off altcoins, and particularly, API3.
Have you ever wondered how these predictions can influence your next move in the cryptocurrency market? Consider this: with the possible rise of Bitcoin and the potential subsequent correction, altcoins could offer fertile ground for investors looking to diversify and capitalize on market dynamism. In that scenario, API3 might not only be a competitor to Chainlink; it could become a new system for those seeking fresh opportunities.
So, are you ready to explore beyond Bitcoin and Ethereum? According to Van de Poppe’s observations, the altcoin sector is brimming with possibilities, with API3 emerging as a key player. Keep your eyes open and your mind ready to adapt. In the world of cryptocurrencies, those who remain static lose out, while those who move intelligently, win.
