Renowned crypto strategist and trader Michaël van de Poppe shares his top altcoin selections for the current market cycle.
In a recent video outlining his strategy, Van de Poppe informs his 165,000 YouTube followers that as Bitcoin (BTC) investors begin to reap profits, they are likely to channel their gains into alternative coins, driving up the value of alt projects.
“Altcoins are poised for significant growth. They have faced challenges due to Bitcoin exchange-traded funds in the past, but I anticipate a shift towards a bullish trend for altcoins.”
The trader reveals his optimistic outlook for a number of newer altcoins.
“The altcoins in my portfolio are expected to perform well, although they may be overshadowed by newer assets.”
One of his top new altcoin choices is Renzo (REZ), a liquid re-staking token associated with EigenLayer.
“Based on recent price movements, I have exchanged some older altcoins like ATOM and Curve in my portfolio for newer options. One such project that I have been endorsing is Renzo.”
Renzo is currently trading at $0.172, showing a slight increase in value over the past 24 hours.
Moving forward, Van de Poppe highlights Portal (PORTAL) as a project with significant growth potential in this cycle. Portal aims to connect games from various blockchains through its cross-chain token platform.
Portal is currently valued at $0.97, representing a 3.5% decrease in the last 24 hours.
Lastly, the trader mentions Wormhole (W) as a cross-chain messaging protocol that could experience substantial gains.
Wormhole is currently trading at $0.66, showing an increase of nearly 7% in the last 24 hours.
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