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Crypto Analyst Michael van de Poppe reassures that losses in crypto investments should not be dreaded, emphasizing the potential for eventual recovery.
“The past few weeks have shown that losses can be erased in a matter of a few weeks,” he stated.
Analyst Suggests No Defined Timeline for Crypto Losses
Van de Poppe highlights that fear serves as the primary hurdle for investors in making intelligent investment choices. Overcoming the perplexity of whether it’s too late to buy or if it’s an opportune moment to make a purchase is crucial.
“Since then, if you were holding your positions, you would have had to endure a long period of sideways or downwards movements. Chainlink, for instance, has been consolidating in a range for more than 500 days and, when it breaks out of the range, it overshoots towards $16 and possibly even higher.”
Recent Speculations Surrounding Altcoins
At the time of publication, Chainlink (LINK) price stands at $15.36. In the last 7 days, the price of Chainlink has experienced a 23.07% increase.
Learn more: 11 Hot Meme Coins and Altcoins that Trend in 2023
This occurs amidst ongoing speculations about which altcoins are anticipated to experience price fluctuations in the upcoming months.
BeInCrypto is keeping an eye on smaller altcoins with bullish formations, possibly leading to significant gains next month. Specifically, coins between 150 and 300 in the market capitalization rankings will be analyzed.
One of these altcoins being kept an eye on is PENDLE. PENDLE’s price has increased rapidly since August. The rate of increase especially accelerated during the last four weeks, leading to a high of $1.07 today.
Learn more: What Are Altcoins? A Guide to Alternative Cryptocurrencies