Renowned crypto strategist and trader Michaël van de Poppe has revealed his top altcoin selections for the current market cycle.
In a recent video outlining his strategy, Van de Poppe informed his 165,000 YouTube followers that investors in Bitcoin (BTC) are expected to shift their profits towards altcoins, leading to a significant surge in the prices of alternative projects.
“Altcoins are poised for a strong performance. They have faced challenges due to Bitcoin exchange-traded funds in the recent past, but I foresee a shift towards a bullish trend for altcoins.”
The trader expressed his optimism towards several emerging altcoins, anticipating promising results.
“The altcoins in my portfolio are likely to perform well, but they may be overshadowed by newer assets.”
One of his preferred new altcoin picks is Renzo (REZ), a liquid re-staking token associated with EigenLayer.
“Observing the recent price movements, I have replaced some older altcoins like ATOM and Curve in my portfolio with newer coins. One such project that caught my attention is Renzo, which I have been mentioning on my social media platforms.”
Renzo is currently trading at $0.172, showing a slight increase in value over the past 24 hours.
Moving forward, Van de Poppe is bullish on Portal (PORTAL), a project designed to integrate games from various blockchains on its cross-chain token platform, citing significant growth potential in this market cycle.
Portal is currently priced at $0.97, experiencing a 3.5% decline in value over the last day.
Lastly, the trader highlighted the potential for substantial gains with the cross-chain messaging protocol Wormhole (W).
Wormhole is currently trading at $0.66, showing a nearly 7% increase in value over the past 24 hours.
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