Attention-grabbing comment from analyst who predicted altcoin crash!

2024-12-10 00:35:40

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Michael van de Poppe, founder of MN Consultancy, made striking statements about the altcoin market.

The cryptocurrency market witnessed a significant decline in recent days. After a drop of over 20% in altcoins, $1.76 billion was liquidated, and more than 500,000 traders received liquidation notices.

Hours before the drop, Poppe, who tweeted, “Bitcoin seems undecided about what to do, a potential downward trend may start. Altcoins will collapse.”

Poppe, who gained the admiration of the crypto community with his prediction of the decline, made striking statements about the next stage of the crypto market.

Altcoin cleaning is over

Crypto analyst Michael van de Poppe, addressing his followers on X, regarded the sudden drop in altcoins as normal. Drawing attention to the correction, Poppe used the following expressions;

“This is a sudden drop in altcoins. Some altcoins lost close to 30% of their value on the day. Don’t worry, altcoins will bounce back quickly”

Poppe, who argues that market declines are buying opportunities, stated that such major collapses and the clearing of liquidity accumulated on the long (rising) side are healthy.

That’s the flash crash drop on #Altcoins.

Some have dropped by 30% on the day.

Don’t worry, this will reverse back fast, you’d want to see such a massive collapse and liquidity wipe.

Onwards we go.

— Michaël van de Poppe (@CryptoMichNL) December 9, 2024

Poppe gave this message;

“We continue.”

A famous analyst predicts that peaq coin could stand out in the DePIN area, while Stacks (STX) could rise in the Bitcoin ecosystem. According to the analyst, the leader of altcoins, ETH, will also end the year with a rise.

Another crypto analyst Ali Martinez also thinks the uptrend will continue. Martinez predicts that Cardano (ADA) could reach between $4 and $6 in the mentioned uptrend cycle.

This article does not contain investment advice or recommendation. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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