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Michael van de Poppe advises his 670,000 social media followers to maintain a level-headed perspective when observing price fluctuations in the cryptocurrency markets and emphasizes the importance of considering the broader context.
“Corrections do take place in the markets,” he stated.
Van de Poppe Says It can Be an Entry Point for Altcoins
In a post on X (formerly Twitter), Van de Poppe states that although Bitcoin’s price has seen significant growth over the past few weeks, investors should not get ahead of themselves and expect a downswing to occur in due course.
“Bitcoin is probably going to have a classic liquidity sweep towards $33-33.5K and then back up.”
However, he wasn’t too cynical about the whole situation, saying that it could be an opportunity get in on the smaller cap cryptos:
“Those dips are entry points for your altcoins.”
Altcoins Have Been A Talking Point In Recent Times
BeInCrypto has recently published an article highlighting the growth potential of three altcoins for the month of November.
It was pointed out that Injective (INJ) is poised to approach the $25 mark. This comes in just slightly below its previous all-time high of $25.30.
Additionally, the report emphasizes that OKB has the potential to reach a peak of $72. This represents a 36% increase from its current price and surpasses its previous all-time high of $58.80.
Meanwhile, recent on-chain data reveals that crypto whales are becoming more interested in XRP. This follows the news of the SEC dropping its lawsuit against Ripple.
It was noted that over the last 10 days, the whales holding 100 million XRP have acquired another 80 million coins.
On November 6, BeInCrypto reported on 5 alt-coins that investors should keep an eye on before the year-end.
It was indicated that e-Cash (XEC) has an upgrade launch on November 15. The upgrade will introduce a 10% block reward allocated as a staking reward.