many Altcoins Expected to surge higher alongside flagship cryptocurrency, Bitcoinonce bull market start. Accordingly, the cryptocurrency analyst points out the best times to buy these altcoins to be ready for this to happen.
When is the best time to invest in altcoins?
Michaël van de Poppe, CEO and founder of trading platform MN Trading, said that the best time to invest in altcoins is “6-10 months before the Bitcoin halving,” which happens to be during this period. The Bitcoin halving is expected to occur sometime in April next year.
baby point out On his platform
this #altcoin Exploding left and right. The bull market is coming.
It is crucial for altcoins to start moving during this period as we are in the worst part of the cycle.
This means, the best time to invest. But why? Altcoins are moving in a massive way.
let’s see. ?… pic.twitter.com/Zu1GL5nt61
— Michael van der Poppe (@CryptoMichNL) September 15, 2023
He mentioned that the most logical reason for the move is that venture capital is investing in these assets. However, this is not the case, as once the “big coins” also start experiencing an uptrend, traders quickly realize that a bull market is coming.
He gave an example Link(LINK)During this period, the company continued to consolidate but failed to provide investors with little or no return on investment (ROI). However, he pointed to a bullish indicator that LINK is one of the altcoins about to experience a “bullish event.”
It’s worth mentioning that Popper’s views may be promotional or biased, as he was quick to add an affiliate link to where he apparently invested his altcoins. He labels the platform “the easiest to use broker in the Netherlands”.
Bitcoin (BTC) is currently trading at $26.544. Chart: TradingView.com
One of the positive factors of Bitcoin halving
As the bear market continues to ferment, Cryptocurrency analysts tout Bitcoin halving As one of the events that could trigger the next bull run, this will cause valuations in the cryptocurrency market to rise significantly. This event occurs every four years, when miner rewards on the Bitcoin blockchain are “halved” as a deflationary measure.
Interestingly, Delphi Digital co-founder Kevin Kelly earlier noted that the last two halvings occurred seven months before Bitcoin broke all-time highs (ATH). Bitcoin’s price has surged before and after each of the three halving events so far. Most recently in 2020, BTC rose by 17% in the weeks leading up to the halving, and rose by a further 559% the following year.
Therefore, analysts’ predictions that the halving event will trigger a massive rally in the cryptocurrency market does not seem far-fetched, as the cryptocurrency market is known to follow historical trends.
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