In his latest video, popular crypto analyst and trader Michaël van de Poppe shares his top picks for alternative cryptocurrencies in the current market cycle.
Van de Poppe, who has a significant following of 165,000 subscribers on YouTube, predicts that as Bitcoin (BTC) investors begin to reap profits, they will likely reinvest in altcoins, driving up the value of these projects.
“Altcoins are poised for success. Despite recent struggles due to Bitcoin ETFs, I believe we are on the verge of a significant uptrend for altcoins,” he states.
The trader reveals his optimism for a number of newer altcoins, suggesting that while his existing portfolio may perform well, newer assets are expected to outshine them.
One of his top picks is Renzo (REZ), a liquid re-staking token affiliated with EigenLayer.
Observing recent price movements, Van de Poppe mentions that he has shifted from older altcoins like ATOM and Curve to newer projects, with Renzo being one of his recent favorites.
Renzo is currently trading at $0.172, showing a slight increase in value over the past 24 hours.
Another promising altcoin highlighted by the trader is Portal (PORTAL), a project designed to bring together games from various blockchains on a cross-chain token platform.
Portal is currently priced at $0.97, experiencing a 3.5% decrease in value over the last 24 hours.
Lastly, Van de Poppe points to the potential gains of Wormhole (W), a cross-chain messaging protocol.
Wormhole is currently trading at $0.66, showing an impressive 7% increase in value over the past 24 hours.
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