Crypto Analyst Reveals Best Altcoins To Buy After This Crash
In the wake of the market crash of recent weeks, crypto analyst Michaël van der Poppe has provided an analysis of the trajectory of Bitcoin and its impact on altcoins. His remarks centered around Bitcoin dominance and the readiness of the altcoin markets, especially in sectors like Artificial Intelligence (AI) and decentralized finance (DeFi), for a potential rebound and significant growth. Van der Poppe started his analysis by discussing Bitcoin dominance, a metric that reflects Bitcoin’s market capitalization relative to the entire crypto market. The analyst noted that contrary to popular belief, the current state of Bitcoin dominance does not herald the beginning of a bear market. “Bitcoin dominance is not at the start of a bear market but it is at the end of the bear market and potentially the start of a bull market,” he stated. This observation is critical as it suggests that Bitcoin’s market sway is stabilizing, potentially setting the stage for an altcoin rally and capital flows into low-cap cryptocurrencies. Best Altcoins To Buy Now Focusing on strategic investment opportunities post-crash, Van der Poppe underscored the importance of selecting altcoins based on sector strength and market recovery potential. He pointed out that AI and DeFi are two sectors where growth could be most explosive due to underlying technological advancements and increased use cases. Within these sectors, he identified specific tokens that exhibit characteristics of resilience and high growth potential. #1 TAO TAO, a token within the AI sector, is highlighted by van der Poppe for its robust performance in recent weeks, showing a remarkable 70% rebound from its lows. “TAO is a super strong asset within the AI sector and has shown a 70% bounce from its lows,” he noted. Related Reading: SUI Leads Crypto Market With 78% Weekly Uptick: Here’s Why This rebound is significant as it reflects growing investor interest and confidence in AI technologies within the blockchain space. Van der Poppe projected an optimistic future for TAO, suggesting, “This is one that could be doing another 5x to 10x from here,” based on its current trajectory and market interest. #2 AAVE Shifting his focus to the DeFi sector, Van der Poppe recommended AAVE, a token that has shown significant strength against Bitcoin and USDT. “AAVE is having a pretty standard or beautiful accumulation against Bitcoin; it’s making new highs against USDT and just consolidating before a big breakout.” He emphasized the relative undervaluation of AAVE by comparing its total value locked (TVL) to its market cap. “If we look at TVL versus the market cap, then the market cap of a is $1.5 billion and the TVL is around $10.3 billion which means that that valuation is 0.5. For ONDO it’s 15. It’s 100 times bigger so 0.5 is heavily undervalued where the regular valuation should be around 0.5 to 1 which means that there’s a lot of momentum to be made in,” he explained. Related Reading: Crypto Scam? PolitiFi Token RTR Plummets 95% After Trump Family Denies Link #3 RENZO In addition to AAVE, Van der Poppe brought attention to RENZO, another DeFi asset that, despite being in a downtrend, shows signs of reaching a lower valuation boundary that could attract speculative interest and potential upside. He described RENZO as a higher-risk investment compared to AAVE but noted that the asset’s significantly lower valuation in relation to its TVL could present a compelling buy opportunity for risk-tolerant investors. “I want to show you RENZO which currently has a market cap of $50 million, fully diluted $440 million, but the TVL which we can see on DefiLama is $1.3 billion. So in that aspect that valuation is even lower than AAVE but there is also more risk implied by investing in such an asset,” the analyst said. #4 AEVO Finally, Van der Poppe turned his attention to decentralized exchanges, specifically AEVO. He described AEVO’s unique position in the market, offering sophisticated trading options such as prediction markets, options, and hedging. “AEVO is very likely making a bullish divergence and a falling wedge, and is likely going to reverse from here,” he assessed, indicating potential upcoming growth potential. “These are my primary bets that I want to take going forward in this market and in the next few weeks,” van der Poppe concluded. At press time, TAO traded at $294.22. Featured image created with DALL.E, chart from TradingView.com
In the wake of the market crash of recent weeks, crypto analyst Michaël van der Poppe has provided an analysis of the trajectory of Bitcoin and its impact on altcoins. His remarks centered around Bitcoin dominance and the readiness of the altcoin markets, especially in sectors like Artificial Intelligence (AI) and decentralized finance (DeFi), for a potential rebound and significant growth.
Van der Poppe started his analysis by discussing Bitcoin dominance, a metric that reflects Bitcoin’s market capitalization relative to the entire crypto market. The analyst noted that contrary to popular belief, the current state of Bitcoin dominance does not herald the beginning of a bear market.
“Bitcoin dominance is not at the start of a bear market but it is at the end of the bear market and potentially the start of a bull market,” he stated. This observation is critical as it suggests that Bitcoin’s market sway is stabilizing, potentially setting the stage for an altcoin rally and capital flows into low-cap cryptocurrencies.
Best Altcoins To Buy Now
Focusing on strategic investment opportunities post-crash, Van der Poppe underscored the importance of selecting altcoins based on sector strength and market recovery potential. He pointed out that AI and DeFi are two sectors where growth could be most explosive due to underlying technological advancements and increased use cases. Within these sectors, he identified specific tokens that exhibit characteristics of resilience and high growth potential.
#1 TAO
TAO, a token within the AI sector, is highlighted by van der Poppe for its robust performance in recent weeks, showing a remarkable 70% rebound from its lows. “TAO is a super strong asset within the AI sector and has shown a 70% bounce from its lows,” he noted.
This rebound is significant as it reflects growing investor interest and confidence in AI technologies within the blockchain space. Van der Poppe projected an optimistic future for TAO, suggesting, “This is one that could be doing another 5x to 10x from here,” based on its current trajectory and market interest.
#2 AAVE
Shifting his focus to the DeFi sector, Van der Poppe recommended AAVE, a token that has shown significant strength against Bitcoin and USDT. “AAVE is having a pretty standard or beautiful accumulation against Bitcoin; it’s making new highs against USDT and just consolidating before a big breakout.”
He emphasized the relative undervaluation of AAVE by comparing its total value locked (TVL) to its market cap. “If we look at TVL versus the market cap, then the market cap of a is $1.5 billion and the TVL is around $10.3 billion which means that that valuation is 0.5. For ONDO it’s 15. It’s 100 times bigger so 0.5 is heavily undervalued where the regular valuation should be around 0.5 to 1 which means that there’s a lot of momentum to be made in,” he explained.
#3 RENZO
In addition to AAVE, Van der Poppe brought attention to RENZO, another DeFi asset that, despite being in a downtrend, shows signs of reaching a lower valuation boundary that could attract speculative interest and potential upside. He described RENZO as a higher-risk investment compared to AAVE but noted that the asset’s significantly lower valuation in relation to its TVL could present a compelling buy opportunity for risk-tolerant investors.
“I want to show you RENZO which currently has a market cap of $50 million, fully diluted $440 million, but the TVL which we can see on DefiLama is $1.3 billion. So in that aspect that valuation is even lower than AAVE but there is also more risk implied by investing in such an asset,” the analyst said.
#4 AEVO
Finally, Van der Poppe turned his attention to decentralized exchanges, specifically AEVO. He described AEVO’s unique position in the market, offering sophisticated trading options such as prediction markets, options, and hedging. “AEVO is very likely making a bullish divergence and a falling wedge, and is likely going to reverse from here,” he assessed, indicating potential upcoming growth potential.
“These are my primary bets that I want to take going forward in this market and in the next few weeks,” van der Poppe concluded.
At press time, TAO traded at $294.22.
What's Your Reaction?
