The altcoin market is ready to explode
A cryptocurrency trader analyzed the altcoin market.
Cryptocurrency analyst Michaël van de Poppe told his 708,700 followers on X that the altcoin market is preparing to hit a new all-time high (ATH).
“I am expecting a correction to occur, or at least a sideways move, before a surge towards ATH.”
Looking at specific altcoins, the analyst thinks Litecoin, Cosmos and Polkadot are on the rise.
Turning to overall cryptocurrency market capitalization, Van de Poppe said the market could stagnate momentarily before rebounding.
“Huge increase in market capitalization.
Overall, I suspect we will consolidate before the recovery continues.
This year has been a breakout year and this will likely continue to be so, but for now it is flat.”
Finally, focusing on crypto king BTC, the trader told his followers not to expect Bitcoin to rise to $100,000 too soon.
