Altcoins
Crypto trader Michaël van de Poppe outlines the best Altcoin gems for this cycle – here are his picks
Michaël van de Poppe, a widely followed cryptocurrency strategist and trader, is naming his top altcoin picks for the current cycle.
In a new strategic video, Van de Poppe tells its 165,000 YouTube subscribers that Bitcoin (Bitcoin) investors are likely to start funneling their profits into altcoins, sending alt projects much higher.
“Altcoins are going to do really well. They probably will. They have suffered a lot lately due to Bitcoin Exchange Traded Funds, but I think the rotation will be very close to the upside for altcoins.”
The trader says he is now bullish on several newer altcoins.
“So the altcoins I had in my portfolio will probably do well, but they will be outperformed by newer assets.”
Among his most recent choices is Renzo (REZ), a liquid re-staking token for EigenLayer.
“Seeing the price action that was occurring, I rotated some of the altcoins that are relatively old like ATOM, like Curve in my portfolio and swapped them for newer coins. One of those newer coins is a project I started tweeting and it’s Renzo.”
Source: Michaël van de Poppe/YouTube
Renzo is trading for $0.172 at the time of writing, up slightly over the past 24 hours.
Next, the trader believes that Portal (PORTAL), a project that aims to merge games from different blockchains onto its cross-chain token platform, has a lot of upside potential this cycle.
Source: Michaël van de Poppe/YouTube
Portal trades for $0.97 as of this writing, down 3.5% over the past 24 hours.
Finally, the trader claims that the Wormhole cross-chain messaging protocol (W) could see big gains.
Source: Michaël van de Poppe/YouTube
Wormhole trades for $0.66 at the time of writing, up nearly 7% over the past 24 hours.
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