Altcoin ready for a big comeback with a 100% rally.

Last week, the cryptocurrency market, excluded Bitcoin, has shrunk by 3% and in the last month has fallen by almost 10%. This suggests that money is moving away from altcoins, possibly causing them to lose value over time. However, some altcoins with stronger fundamentals or reduced supply could see a return.

Meanwhile, well-known crypto analyst Michael van de Pop predicts this is potentially the last correction before new capital re-enters the altcoin market.

Capital rotation in Altcoins

According to van de Pop, the sentiment surrounding altcoins is currently pessimistic, as reflected in the declining Bitcoin valuations of various altcoins, which have reached new lows. Van de Pop’s analysis suggests that the current situation in the altcoin market they may mirror past trends, suggesting the potential for a similar recovery.

Highlighting past events, van de Pop points to the impressive increases witnessed by Solana ($SOL), Fetch.ai ($FET) and Render Token ($RNDR), which recorded gains of over 500%, 650% and 300% . , respectively.

These historical patterns serve as compelling evidence for van de Pop’s prediction of a potential altcoin resurgence. Despite the current challenges altcoinsCompared to Bitcoin, van de Pop’s analysis suggests the market may be ready for a turnaround similar to past rallies.

Altcoin Set for a 100% Rally

Analyst van de Pop expressed optimism for the future of altcoins. He pointed out that the alternative market capitalization remains 50% below its 2021 all-time high, with the recent correction exacerbating the decline by a further 30%.

As the correction nears its conclusion, Poppe predicts a potential 100% rally in altcoins, mirroring Bitcoin’s trajectory.

Read also: Don’t panic, sell! Expert Reveals Top Reasons Why Bitcoin and Altcoins Will Rise Soon

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