Seasoned Analyst Reveals Top Altcoin Picks to Put on Your Buying List

Seasoned Analyst Reveals Top Altcoin Picks to Put on Your Buying List
  • Van de Poppe identifies investment opportunities in altcoins like Chainlink and TIA despite the general market downturn.
  • He emphasises the potential in newer cryptocurrencies like Arbitrum and Covalent for significant returns.
  • The analyst advises on timing the market correctly, suggesting success doesn’t require the rarest gems but the right entry and exit.

Bitcoin and most alts are down—with only a few, like Litecoin, Bittensor and The Internet Computer beating the odds. But not to fret, because amid the chaos there is buying opportunity, says trader and analyst Michaël van de Poppe. The Dutch Influencer with 700k followers on the platform formerly known as Twitter says money is made during current conditions not when the whole market pumps.

Related: ‘Rich Dad, Poor Dad’ Author Robert Kiyosaki Shares His Strategy for Bitcoin’s Drop to $200

Van de Poppe notes that Bitcoin valuations are consolidating and its market dominance is peaking, a trend that becomes particularly evident around halving events in previous cycles.

Despite this, many altcoins remain undervalued in BTC terms and have begun to gain momentum, not necessarily in their USD valuations, but notably in their valuations relative to Bitcoin. The analyst highlights that these trends align with those observed in past market cycles, suggesting a recurring pattern where, following Bitcoin’s peak dominance, altcoins start to increase in value in terms of BTC.

So, here is a list of the top 10 altcoins to have on your altcoin shopping list, according to Michaël van de Poppe.

Despite a 3-4% drop in USD valuations, Chainlink (LINK) has shown resilience by bouncing back in its Bitcoin pairs, indicating its decline is more due to Bitcoin’s correction rather than its own fundamentals. With its valuation at a cycle low, having dropped 40% from its recent peak, Chainlink presents a significant investment opportunity, signalling a bullish outlook for the cryptocurrency, according to the analyst.

Celestia (TIA)

Van de Poppe sees newcomer TIA as a potential massive gainer this cycle, currently down 61% from its recent peak. This significant drop is viewed as a major opportunity, suggesting the best time to consider investment interest.

TIA’s almost 500% gains since November 2023, source: CoinMarketCap

Arbitrum (ARB)

ARB has experienced a notable sell-off following a massive unlock last month, yet it remains a strong Layer 2 Rollup system poised to be among the top gainers this cycle, the analyst believes despite a 60% drop in valuation over the past months.

3⃣ – $ARB | #Arbitrum

Has seen a massive unlock in the previous month due to which sell pressure has been seen.

Implies a strong Layer 2 Rollup system, which is going to be one of the strongest gainers this cycle.

Valuation has dropped 60% in the past months.

— Michaël van de Poppe (@CryptoMichNL) April 2, 2024

He lists Polkadot (DOT), Cosmos (ATOM), DYDX, WooNetwork (WOO), and the new layer-1 Sei (SEI) as the runners-up—citing novelty as a catalyst.

Newer cryptocurrencies are the ones you’d want to have in a cycle, through which this one is massively on the shortlist.

Michaël van de Poppe

Van de Poppe also mentions SkaleNetwork (SKL) which he sees as a strong contender in terms of BTC valuation.

And, last but not least, Covalent (CQT), a new project and direct competitor to TIA—which, if you believe in Celestia, is worth a look.

Related: How to Analyse Cryptocurrency Before Buying: a Comprehensive Guide

At the end Michaël van de Poppe says not to stress if you don’t have the biggest allocation, you should be fine as long as you get your entry and exit right.

“Ultimately, you don’t need to have the smallest gems to have a high return. Time the markets well and you’ll do fine.”

Michaël van de Poppe

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