A well-known cryptocurrency analyst is looking at the altcoin market trading Bitcoin (BTC).
Cryptocurrency trader Michaël van de Poppe says 710,800 followers on social media platform
“Altcoins are down 50-70% on Bitcoin pairs.
It’s a real opportunity to establish yourself in that field.”
Despite recent consolidation in the altcoin market, Van de Poppe Called Alt still has room to grow.
“… Altcoin market caps saw a correction, which ultimately led to a buying opportunity.
But if you look at the broader picture, you don’t really see a big correction and there’s still more to be gained… ”
Looking specifically at altcoin Polkadot (DOT), Van de Poppe Called Interoperability chains will likely compete with BTC in the coming months.
“Polkadot is still in a low cycle on the BTC pair.
Altcoins have been losing value relative to Bitcoin in previous periods as Bitcoin has been in the spotlight.
“It is likely that the situation will turn around in the coming months.”
DOT is worth 0.00013 BTC ($8.60) at the time of this writing, down 10% in the past week.
Focusing on Ethereum (ETH), cryptocurrency analyst Called ETH is poised to take off regardless of traders’ fears, uncertainties and doubts (FUD).
“Ethereum is facing a cycle low of 0.049 BTC ($3,311) as it approaches support levels.
One of the two regions I am interested in is:
– Cleaning and salvaging I am interested in putting in long hours.
Despite the FUD, the replacement to Ethereum is likely to begin.”
At the time of writing, the value of ETH is 0.050 BTC ($3,379), up 1.2% in the last 24 hours.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us TwitterFacebook, Telegram
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Featured Image: Shutterstock/Voger Design/SensVector