Featured image from Coinpedia, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Cryptocurrency analyst, Michael van de Poppe has alerted the broader cryptocurrency community about an upcoming altcoin rally. The analyst has cited the recent upward trend experienced by Bitcoin as a positive signal for this prediction.\u00a0 Get Ready For Major Altcoin Run In a recent X (formerly Twitter) post, Poppe suggested that altcoins are poised to become the next in line for the 2024 bullish momentum. Citing Bitcoin\u2019s recent upward surge to over $60,000, the crypto analyst has disclosed that this substantial price increase is a clear signal for a potential altcoin rally in the market.\u00a0 Related Reading: Bitcoin Profitability Reaches 97% For The First Time In Over 2 Years He predicts that during this potential altcoin run, major cryptocurrencies may experience substantial surges that could potentially push their prices far above their previous all-time highs. In light of this, the crypto analyst has advised the broader cryptocurrency community to remain vigilant and make necessary preparations for this anticipated bullish event.\u00a0 Lately, market sentiment has been indicating a shift from Bitcoin investments to meme coins and other major altcoins. Just last week, a Solana-based memecoin, Dogwifhat (WIF) experienced a massive surge, propelling its price to $1 and boasting a year-to-year gain of over 90%.\u00a0 Furthermore, popular altcoins like Solana and Cardano have witnessed significant price increases and growth in their respective markets. On March 1, Solana\u2019s price surged to two-year highs, skyrocketing above $136. Conversely, Cardano recorded a boost in its adoption rate, with the total number of Cardano wallets in the ecosystem approaching 4.6 million.\u00a0 These subtle developments are indicating a potential shift in the market dynamics of altcoins, as an increasing number of cryptocurrencies are beginning to mirror Bitcoin\u2019s bullish momentum.\u00a0 Altcoins Gearing To Pump A crypto analyst, identified as \u201cDami Defi\u201d on X has disclosed that recent market trends are signaling that \u201caltcoins are getting ready to pump.\u201d Dami Defi\u2019s predictions are anchored in the diminishing dominance of Bitcoin in the cryptocurrency market. He explained that when the market capitalization of the entire crypto market is on the rise and simultaneously, Bitcoin\u2019s dominance decreases, it often signals a healthy and widespread bull market in the crypto space.\u00a0 Related Reading: Crypto Exchange Says Cardano Price Can Reach $165, Here\u2019s When According to the analyst, this scenario implies that the market\u2019s growth is not solely focused on Bitcoin but would also potentially be distributed across various altcoins. He has revealed that despite Bitcoin\u2019s recent price rally, the cryptocurrency has been experiencing notable outflows, with a substantial portion of these funds moving into altcoins.\u00a0 \u201cIf we continue to see BTC dominance go down and total 3 resistance gets broken, all hell will break lose and altcoins will pump crazy,\u201d Dami Defi stated.\u00a0 Altcoins market cap at $1.08 trillion | Source: Crypto Total Marekt Cap Exclusing BTC Featured image from Coinpedia, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":596168,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,138,87788,142,89606,6664,90232,14690],"class_list":["post-596155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-altcoin-news","tag-altcoin-rally","tag-altcoins","tag-altcoins-news","tag-crypto","tag-crypto-expert","tag-crypto-news"],"acf":[],"yoast_head":"\n
Crypto Expert Says \u2018Prepare Yourself\u2019 For Massive Altcoin Run, Here\u2019s Why<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n