{"id":558847,"date":"2023-11-02T20:00:35","date_gmt":"2023-11-02T20:00:35","guid":{"rendered":"https:\/\/wncen.com\/?p=558847"},"modified":"2024-06-11T08:44:19","modified_gmt":"2024-06-11T08:44:19","slug":"altcoins-at-turning-point-analyst-says-time-to-load-on-the-dips-its-a-different-sentiment","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/altcoins-at-turning-point-analyst-says-time-to-load-on-the-dips-its-a-different-sentiment\/","title":{"rendered":"Altcoins At Turning Point? Analyst Says \u2018Time To Load On The Dips, It’s A Different Sentiment\u2019"},"content":{"rendered":"

The crypto market is bullish, with several altcoins charting notable gains. Solana (SOL) leads this charge, which has seen a roughly 35% increase in value over the past week. <\/span><\/p>\n

This uptrend is not isolated to Solana alone; other major altcoins like XRP and Cardano (ADA) also enjoy significant upticks. This trend signals a potentially broader market recovery and offers a positive outlook for investors<\/a> who have weathered a prolonged bear market.<\/span><\/p>\n

Related Reading: Top 5 Bitcoin-Like Altcoins That Could Make You A Millionaire In The Crypto Bull Run<\/a><\/div>\n

Buying On The Dip: A Strategy For Growth\u00a0<\/span><\/h2>\n

Micha\u00ebl van de Poppe, a renowned analyst in the crypto analysis sphere, has recently spoken out<\/a> about the shift in market dynamics. In his view, altcoins are not just rising; they are breaking out<\/a>, signaling a more profound change in the crypto ecosystem. <\/span><\/p>\n

This breakout could be the indicator of an even more substantial growth phase<\/a> for these digital assets, according to the analyst.<\/span><\/p>\n

Amid this resurgence, Micha\u00ebl van de Poppe has offered strategic advice to the crypto investment community. The analyst believes that the current prices of altcoins represent a dip in the market, presenting a prime opportunity for buying. <\/span>With a clear shift in sentiment, the analyst encourages investors to capitalize on these lower entry points.<\/span><\/p>\n

The analyst also draws an alignment between the current market conditions and the end of the bear market cycle 2018, suggesting that we may be on the cusp of a similar reversal. <\/span><\/p>\n

With the US monetary policy tightening phase seemingly coming to an end, there’s an air of optimism that the bearish grip on the market may be loosening, according to the analyst. <\/span><\/p>\n

Van de Poppe’s analysis also posits that the market is transitioning, setting the stage for the conclusion of the bear cycle and the beginning of sustained growth.<\/span><\/p>\n

\n

#Altcoins<\/a> are breaking out significantly and I think majors are going to follow suit.<\/p>\n

Time to load on the dips, it’s a different sentiment. Hiking policy is coming to an end -> end of bear market in 2018. End of bear market as we speak.<\/p>\n

Enjoy the ride!<\/p>\n

\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) November 1, 2023<\/a><\/p><\/blockquote>\n

Altcoins: SOL And XRP Record Double Digit Gains Except For ADA<\/h2>\n

Meanwhile, before Van de Poppe’s analysis, Solana and XRP had recorded double-digit gains, with Solana taking the lead, recording a massive gain of 35% in the past 7 days. XRP\u00a0saw a 10.5% gain<\/a> over the same period.<\/span><\/p>\n

Both assets currently trade at $41.51<\/a> and $0.60, respectively, at the time of writing, with SOL recording a mere increase of 0.2% over the past 24 hours and XRP gaining 1.4% in the same period.<\/p>\n

Related Reading: Expert Insights: 7 Altcoins Showing Promising Breakout Potential \u2013 A Must-Watch List<\/a><\/div>\n

While ADA has only seen a slightly lesser gain of just 5.8% in the past 7 days, the altcoin records the highest gain among these three top altcoins in the past day. ADA trades at $0.30, up by 6.5%, over the past 24 hours.<\/p>\n

\"Altcoins
Altcoins total market cap value on the 1-day chart. Source: Crypto TOTAL Market Cap Others on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

The crypto market is bullish, with several altcoins charting notable gains. Solana (SOL) leads this charge, which has seen a roughly 35% increase in value over the past week. This uptrend is not isolated to Solana alone; other major altcoins like XRP and Cardano (ADA) also enjoy significant upticks. This trend signals a potentially broader market recovery and offers a positive outlook for investors who have weathered a prolonged bear market. Related Reading: Top 5 Bitcoin-Like Altcoins That Could Make You A Millionaire In The Crypto Bull Run Buying On The Dip: A Strategy For Growth\u00a0 Micha\u00ebl van de Poppe, a renowned analyst in the crypto analysis sphere, has recently spoken out about the shift in market dynamics. In his view, altcoins are not just rising; they are breaking out, signaling a more profound change in the crypto ecosystem. This breakout could be the indicator of an even more substantial growth phase for these digital assets, according to the analyst. Amid this resurgence, Micha\u00ebl van de Poppe has offered strategic advice to the crypto investment community. The analyst believes that the current prices of altcoins represent a dip in the market, presenting a prime opportunity for buying. With a clear shift in sentiment, the analyst encourages investors to capitalize on these lower entry points. The analyst also draws an alignment between the current market conditions and the end of the bear market cycle 2018, suggesting that we may be on the cusp of a similar reversal. With the US monetary policy tightening phase seemingly coming to an end, there’s an air of optimism that the bearish grip on the market may be loosening, according to the analyst. Van de Poppe’s analysis also posits that the market is transitioning, setting the stage for the conclusion of the bear cycle and the beginning of sustained growth. #Altcoins are breaking out significantly and I think majors are going to follow suit. Time to load on the dips, it’s a different sentiment. Hiking policy is coming to an end -> end of bear market in 2018. End of bear market as we speak. Enjoy the ride! \u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) November 1, 2023 Altcoins: SOL And XRP Record Double Digit Gains Except For ADA Meanwhile, before Van de Poppe’s analysis, Solana and XRP had recorded double-digit gains, with Solana taking the lead, recording a massive gain of 35% in the past 7 days. XRP\u00a0saw a 10.5% gain over the same period. Both assets currently trade at $41.51 and $0.60, respectively, at the time of writing, with SOL recording a mere increase of 0.2% over the past 24 hours and XRP gaining 1.4% in the same period. Related Reading: Expert Insights: 7 Altcoins Showing Promising Breakout Potential \u2013 A Must-Watch List While ADA has only seen a slightly lesser gain of just 5.8% in the past 7 days, the altcoin records the highest gain among these three top altcoins in the past day. ADA trades at $0.30, up by 6.5%, over the past 24 hours. Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":526928,"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":[12333,142,12332,83626,4531],"class_list":["post-558847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ada","tag-altcoins","tag-cardano","tag-solana","tag-xrp"],"acf":[],"yoast_head":"\nAltcoins At Turning Point? Analyst Says \u2018Time To Load On The Dips<\/title>\n<meta name=\"description\" content=\"The crypto market is currently riding a bullish wave, with several altcoins charting notable gains. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Altcoins At Turning Point? 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