{"id":598855,"date":"2024-03-20T15:00:16","date_gmt":"2024-03-20T15:00:16","guid":{"rendered":"https:\/\/ktsl888.com\/?p=598855"},"modified":"2024-06-11T06:51:18","modified_gmt":"2024-06-11T06:51:18","slug":"altcoins-opportunity-analyst","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/altcoins-opportunity-analyst\/","title":{"rendered":"Altcoins Shows Buy Signals, Massive Opportunity Beckons: Analyst"},"content":{"rendered":"

As the price of Bitcoin (BTC) continues to demonstrate a major fall in valuation, indicating a gloomy attitude toward the crypto asset, the bulls in the market are hopeful that the market will soon enter another <\/span>Season for Altcoins<\/span><\/a>.<\/span><\/p>\n

Altcoins Showing Massive Buying Opportunity\u00a0<\/span><\/h2>\n

Bitcoin’s recent dip signaled the beginning of the decline in the cryptocurrency market, causing several <\/span>altcoins<\/span><\/a>\u00a0to drop significantly. However, many cryptocurrency analysts believe that the drop in these altcoin prices might serve as an opportunity for future gains since the alt-season is on the horizon.<\/span><\/p>\n

Related Reading: The Tipping Point: Altcoins Bull Market Incoming, Predicts Analyst \u2013 Here\u2019s Why<\/a><\/div>\n

Popular cryptocurrency expert and trader Michael Van De Poppe has <\/span>revealed<\/span><\/a> his optimism in the altcoin market, highlighting the significant opportunities of getting into these tokens before the alt-season begins.<\/span><\/p>\n

According to Michael Van De Poppe, “some altcoins have now dropped by over 40%” in comparison to their past all-time high. As a result, Poppe believes that this is the right time for investors to purchase these digital assets to position themselves for future gains.<\/span><\/p>\n

Poppe noted he normally invests in these tokens \u201cduring bull cycles when they are about 25% to 60% less expensive.\u201d This demonstrates the crypto expert’s confidence in the assets to rally in the coming months.<\/span><\/p>\n

While pointing out the massive opportunities in the market, Poppe has underscored <\/span>Arbitrum (ARB)<\/span><\/a> as one of the altcoins investors should watch out for. He believes that ARB could realize substantial gains in time, as the token is down and poised for a new leg UP.<\/span><\/p>\n

\"Altcoins\"
ARB ready for a new leg | Source: Michael Van De Poppe on X<\/a><\/figcaption><\/figure>\n

Recently, there have been notable advancements in the crypto asset’s price, demonstrating momentum for an upward movement. As of the time of writing, ARB was trading at $1.70, indicating an over 10% increase in the daily timeframe.<\/span><\/p>\n

However, in the weekly and monthly timeframe, ARB is down by 22% and 15%, respectively. Meanwhile, Arbitrum’s market capitalization has increased by roughly 10% to exceed the $4.5 billion threshold.<\/span><\/p>\n

Top ALTs To Purchase After Bitcoin’s Retracement<\/span><\/h2>\n

On-chain analyticS platform Santiment has also <\/span>highlighted<\/span><\/a> the drop in altcoins as a shot to garner profits in the upcoming months. Santiment pointed out several altcoins that offer a “possible bullish opportunity,” following <\/span>Bitcoin’s crash<\/span><\/a> today to a two-week low of $61,700.<\/span><\/p>\n

Related Reading: Is Altcoin Season Upon Us? Here\u2019s What Bitcoin\u2019s Performance Shows<\/a><\/div>\n

Some of the tokens listed by Santiment are BOUNCE, LDO, OMG, STORJ, and SNX. The MVRV Opportunity and Danger Zone Model, according to Santiment, shows that many altcoins have now declined to the point where mid-term trading returns are in an “opportunity zone.”\u00a0<\/span>However, when an asset’s 30-day, 90-day, and 365-day average wallet returns add up to be negative, \u201cthis zone is breached.\u201d<\/span><\/p>\n

Even with the recent general correction, the altcoins market appears to be headed toward a favorable long-term picture. Consequently, this presents an excellent chance for investors to purchase these digital assets at a reduced cost.<\/span><\/p>\n

\"Altcoins\"
Altcoin market cap excluding BTC and ETH at $688 billion on the daily timeframe | Source: TOTAL3 on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from Shutterstock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

As the price of Bitcoin (BTC) continues to demonstrate a major fall in valuation, indicating a gloomy attitude toward the crypto asset, the bulls in the market are hopeful that the market will soon enter another Season for Altcoins. Altcoins Showing Massive Buying Opportunity\u00a0 Bitcoin’s recent dip signaled the beginning of the decline in the cryptocurrency market, causing several altcoins\u00a0to drop significantly. However, many cryptocurrency analysts believe that the drop in these altcoin prices might serve as an opportunity for future gains since the alt-season is on the horizon. Related Reading: The Tipping Point: Altcoins Bull Market Incoming, Predicts Analyst \u2013 Here\u2019s Why Popular cryptocurrency expert and trader Michael Van De Poppe has revealed his optimism in the altcoin market, highlighting the significant opportunities of getting into these tokens before the alt-season begins. According to Michael Van De Poppe, “some altcoins have now dropped by over 40%” in comparison to their past all-time high. As a result, Poppe believes that this is the right time for investors to purchase these digital assets to position themselves for future gains. Poppe noted he normally invests in these tokens \u201cduring bull cycles when they are about 25% to 60% less expensive.\u201d This demonstrates the crypto expert’s confidence in the assets to rally in the coming months. While pointing out the massive opportunities in the market, Poppe has underscored Arbitrum (ARB) as one of the altcoins investors should watch out for. He believes that ARB could realize substantial gains in time, as the token is down and poised for a new leg UP. Recently, there have been notable advancements in the crypto asset’s price, demonstrating momentum for an upward movement. As of the time of writing, ARB was trading at $1.70, indicating an over 10% increase in the daily timeframe. However, in the weekly and monthly timeframe, ARB is down by 22% and 15%, respectively. Meanwhile, Arbitrum’s market capitalization has increased by roughly 10% to exceed the $4.5 billion threshold. Top ALTs To Purchase After Bitcoin’s Retracement On-chain analyticS platform Santiment has also highlighted the drop in altcoins as a shot to garner profits in the upcoming months. Santiment pointed out several altcoins that offer a “possible bullish opportunity,” following Bitcoin’s crash today to a two-week low of $61,700. Related Reading: Is Altcoin Season Upon Us? Here\u2019s What Bitcoin\u2019s Performance Shows Some of the tokens listed by Santiment are BOUNCE, LDO, OMG, STORJ, and SNX. The MVRV Opportunity and Danger Zone Model, according to Santiment, shows that many altcoins have now declined to the point where mid-term trading returns are in an “opportunity zone.”\u00a0However, when an asset’s 30-day, 90-day, and 365-day average wallet returns add up to be negative, \u201cthis zone is breached.\u201d Even with the recent general correction, the altcoins market appears to be headed toward a favorable long-term picture. Consequently, this presents an excellent chance for investors to purchase these digital assets at a reduced cost. Featured image from Shutterstock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":590667,"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":[134,51066,88023,84309,428,14945,1119,86030,91434,85912,63219,12363,57231,83543,4726],"class_list":["post-598855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-alts","tag-arb","tag-arbitrum","tag-bitcoin","tag-bounce","tag-btc","tag-ldo","tag-market-value-to-realized-value","tag-michael-van-de-poppe","tag-mvrv","tag-omg","tag-santiment","tag-snx","tag-storj"],"acf":[],"yoast_head":"\nAltcoins Shows Buy Signals, Massive Opportunity Beckons: Analyst<\/title>\n<meta name=\"description\" content=\"As Bitcoin continues to display a major fall in valuation, the market bulls are 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/ktsl888.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Altcoins Shows Buy Signals, Massive Opportunity Beckons: Analyst","url":"http:\/\/ktsl888.com\/news\/altcoins-opportunity-analyst\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/altcoins-opportunity-analyst\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/WhatsApp-Image-2024-02-29-at-10.27.55-AM.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/WhatsApp-Image-2024-02-29-at-10.27.55-AM.jpeg?fit=390%2C280"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","alts","arb","arbitrum","bitcoin","bounce","btc","ldo","market value to realized value","michael van de poppe","mvrv","omg","santiment","snx","storj"],"dateCreated":"2024-03-20T15:00:16Z","datePublished":"2024-03-20T15:00:16Z","dateModified":"2024-06-11T06:51:18Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Altcoins Shows Buy Signals, Massive Opportunity Beckons: Analyst\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/altcoins-opportunity-analyst\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/altcoins-opportunity-analyst\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/WhatsApp-Image-2024-02-29-at-10.27.55-AM.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/WhatsApp-Image-2024-02-29-at-10.27.55-AM.jpeg?fit=390%2C280\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"alts\",\"arb\",\"arbitrum\",\"bitcoin\",\"bounce\",\"btc\",\"ldo\",\"market value to realized value\",\"michael van de poppe\",\"mvrv\",\"omg\",\"santiment\",\"snx\",\"storj\"],\"dateCreated\":\"2024-03-20T15:00:16Z\",\"datePublished\":\"2024-03-20T15:00:16Z\",\"dateModified\":\"2024-06-11T06:51:18Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/WhatsApp-Image-2024-02-29-at-10.27.55-AM.jpeg?fit=390%2C280","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/598855"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=598855"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/598855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/590667"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=598855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=598855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=598855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}