Altcoins Poised to Shine This Summer, Analyst Suggests
CryptoNewsTerminal Staff21 May, 2024
Altcoins Poised to Shine This Summer, Analyst Suggests
Crypto analyst Michaël van de Poppe, with a massive following of 694k on Twitter, recently shared his insights on the cryptocurrency market. In a tweet, he noted that Bitcoin (BTC) has made a strong recovery of +20% since hitting lows of $56,000 and anticipates a retest around $68,000 in the upcoming weeks. Van de Poppe expresses his bullish outlook, predicting that altcoins are likely to outperform Bitcoin this summer. He attributes this to the potential approval of a spot ETF for Ethereum (ETH). While there's no guarantee this will happen, it's a development that could significantly boost altcoins' performance.
