Altcoins At Turning Point? Analyst Says ‘Time To Load On The Dips, It’s A Different Sentiment’

Name	Symbol	Market	Market Cap ($)	Algorithm
JUST	JSTUSD	Crypto	282,371,930	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

JUST

JSTUSD

Crypto

282,371,930

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.000035	-0.11%	0.031755	0.031755	0.033

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.000035

-0.11%

0.031755

0.033

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.032134	0.031696	0.031791	0.031791	0.018655 - 0.051309

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.032134

0.031696

0.031791

0.018655 - 0.051309

Exchange	Last Trade	Size	Trade Price	Currency
HUOB	07:34:41	226.37	0.031773	USD

Exchange

Last Trade

Size

Trade Price

Currency

HUOB

07:34:41

226.37

0.031773

USD

Price x Volume	Volume	Base Symbol	Related Pairs
3,958.42	124,654.41	JST	JSTEUR	JSTGBP	JSTBTC

Price x Volume

Volume

Base Symbol

Related Pairs

3,958.42

124,654.41

Altcoins At Turning Point? Analyst Says ‘Time To Load On The Dips, It’s A Different Sentiment’

02/11/2023 8:00pm

NEWSBTC

The crypto market is bullish, with several altcoins charting notable gains. Solana (SOL) leads this charge, which has seen a roughly 35% increase in value over the past week. This uptrend is not isolated to Solana alone; other major altcoins like XRP and Cardano (ADA) also enjoy significant upticks. This trend signals a potentially broader market recovery and offers a positive outlook for investors who have weathered a prolonged bear market. Related Reading: Top 5 Bitcoin-Like Altcoins That Could Make You A Millionaire In The Crypto Bull Run Buying On The Dip: A Strategy For Growth Michaël van de Poppe, a renowned analyst in the crypto analysis sphere, has recently spoken out about the shift in market dynamics. In his view, altcoins are not just rising; they are breaking out, signaling a more profound change in the crypto ecosystem. This breakout could be the indicator of an even more substantial growth phase for these digital assets, according to the analyst. Amid this resurgence, Michaël van de Poppe has offered strategic advice to the crypto investment community. The analyst believes that the current prices of altcoins represent a dip in the market, presenting a prime opportunity for buying. With a clear shift in sentiment, the analyst encourages investors to capitalize on these lower entry points. The analyst also draws an alignment between the current market conditions and the end of the bear market cycle 2018, suggesting that we may be on the cusp of a similar reversal. With the US monetary policy tightening phase seemingly coming to an end, there’s an air of optimism that the bearish grip on the market may be loosening, according to the analyst. Van de Poppe’s analysis also posits that the market is transitioning, setting the stage for the conclusion of the bear cycle and the beginning of sustained growth. #Altcoins are breaking out significantly and I think majors are going to follow suit. Time to load on the dips, it’s a different sentiment. Hiking policy is coming to an end -> end of bear market in 2018. End of bear market as we speak. Enjoy the ride! — Michaël van de Poppe (@CryptoMichNL) November 1, 2023 Altcoins: SOL And XRP Record Double Digit Gains Except For ADA Meanwhile, before Van de Poppe’s analysis, Solana and XRP had recorded double-digit gains, with Solana taking the lead, recording a massive gain of 35% in the past 7 days. XRP saw a 10.5% gain over the same period. Both assets currently trade at $41.51 and $0.60, respectively, at the time of writing, with SOL recording a mere increase of 0.2% over the past 24 hours and XRP gaining 1.4% in the same period. Related Reading: Expert Insights: 7 Altcoins Showing Promising Breakout Potential – A Must-Watch List While ADA has only seen a slightly lesser gain of just 5.8% in the past 7 days, the altcoin records the highest gain among these three top altcoins in the past day. ADA trades at $0.30, up by 6.5%, over the past 24 hours. Featured image from Unsplash, Chart from TradingView

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