Crypto Expert Michaël van de Poppe Updates His Altcoin Portfolio Following Recent Market Trends
Crypto Expert Michaël van de Poppe Updates His Altcoin Portfolio
After going all-in on altcoins three months ago, professional crypto trader Michaël van de Poppe has shaken up his altcoin portfolio. He is now focusing on cryptocurrencies that he believes will offer solid returns on investment (ROI) following the recent market crash.
Market Analysis
Van de Poppe explains that the correction, which affected various markets, including a 30% drop in Bitcoin (BTC), was influenced by the Japanese Yen carry trade. This led to significant selling pressure, particularly affecting Ethereum (ETH), as Jump Trading sold off its positions to avoid a margin call.
Top Altcoin Picks
- Bittensor (TAO): Van de Poppe regards TAO as a strong asset within the artificial intelligence (AI) sector, predicting a possible increase of five to ten times from its current low.
- Aave (AAVE): Currently trading at $96.65, AAVE is showing resilience with a 19.80% increase over the past week.
- Aevo (AEVO): AEVO is entering a bullish phase, with a technical setup suggesting a likely reversal, currently priced at $0.3731.
Conclusion
In conclusion, van de Poppe is confident that these altcoins have the potential for growth. However, he cautions investors to be aware of the inherent risks of crypto investing and to do their own research alongside his recommendations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.