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Crypto Analyst Reveal The Best Time To Buy Altcoins

by Janine Lindsey

With the recent market downturn, many cryptocurrency investors are looking for opportunities to maximize their returns. One potential avenue is investing in altcoins, which are often seen as having the potential to rise significantly alongside Bitcoin. According to crypto analyst Michaël van de Poppe, the best time to invest in altcoins is around 6-10 months prior to the Bitcoin Halving, which is scheduled for April next year.

Van de Poppe believes that this period, although considered the worst of the crypto market cycle, presents the best opportunity to invest in altcoins. He points out that altcoins tend to experience significant movements during this time, which can be attributed to factors such as venture capital investments and the anticipation surrounding the upcoming bull market.

However, he also mentions that it is important for altcoins to start moving during this period, as this indicates that the overall market is shifting towards a bullish trend. Poppe cites the example of Chainlink (LINK), which has failed to provide significant returns for investors during the current consolidation phase. However, he believes that LINK and other altcoins could experience a bullish occurrence in the near future.

It is worth noting that Poppe’s views may be promotional or biased as he includes an affiliate link to a platform where he supposedly invests his altcoins. This platform is described as the “easiest to use broker in the Netherlands.” Investors should conduct their own research and exercise caution when making investment decisions.

The Bitcoin Halving event is one of the factors that experts believe could trigger the next bull market. The event, which occurs every four years, involves halving the rewards for miners on the Bitcoin blockchain. This deflationary measure has historically led to significant price increases for Bitcoin. In the most recent halving event in 2020, Bitcoin’s price rose by 17% in the weeks leading up to the event and 559% in the following year.

Crypto analyst Kevin Kelly, co-founder of Delphi Digital, had previously noted that the last two halvings occurred seven months before Bitcoin reached a new all-time high. This historical trend suggests that the upcoming halving could have a similar effect on the market.

While these predictions are based on historical trends, it is important to remember that the cryptocurrency market is highly volatile and subject to unpredictable fluctuations. Investors should always do their own research and consider their risk tolerance before making any investment decisions.

In conclusion, the best time to invest in altcoins, according to Michaël van de Poppe, is around 6-10 months prior to the Bitcoin Halving. This period is considered the worst of the crypto market cycle but presents opportunities for significant movements in altcoins. Investors should be cautious and conduct thorough research before making any investment decisions.

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