Popular analyst Michaël van de Poppe shares a list of altcoins that could bounce off more strongly after the last dip. This comes as crypto markets reel from the recent correction that saw Bitcoin (BTC) test the depths of $49,000.
Portfolio rebalancing is a favored investment strategy among intentional traders, especially during periods of market volatility. To effectively manage risk, traders should diversify their investments across promising crypto narratives, establish a clear exit strategy, and maintain a disciplined dollar-cost averaging approach.
Analyst Top Altcoin Picks as Market Attempts Recovery
Van de Poppe observes how altcoins are doing after the correction. He notes that Ethereum (ETH) DeFi has been bouncing off more strongly than Solana DeFi tokens, which shows the potential of the respective ecosystem. He also observes the commendable performance among meme coins, AI, and DePIN categories.
“If we are looking at the data, then you want to be positioned at AI and DePIN, meme coins, or you want to be positioned into ETH DeFi. You want to be into the biggest bounces because those are likely going to continue with the momentum as traders are looking at the hype coins or the strongest bounces and start allocating toward those,” van de Poppe noted.
Bittensor (TAO)
An analyst has predicted a 5 to 10X potential for TAO, an AI-driven crypto coin, following its 70% rally from recent lows. This surge has caught the attention of many traders. Michaël van de Poppe is not alone in his optimism; other experts also foresee further gains for the Bittensor token, considering it a strong investment.
“If you’re aiming for a significant boost in your portfolio, TAO might be a compelling choice. Currently, the market cap stands at an impressive $2 billion, reflecting the strong performance and potential of TAO,”
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