Prominent analyst and crypto trader Michaël van de Poppe is shining a spotlight on the altcoin market.
In a new video, Van de Poppe tells his 74,000 YouTube subscribers that altcoins are prepared to significantly outperform Bitcoin in the coming weeks.
“Altcoins are heavily outperforming Bitcoin as Bitcoin is most likely going to make a range bound construction, and during those months altcoins will do well.”
Van de Poppe tells traders that as an extreme altseason approaches and Bitcoin ranges, it is important to look for the projects that have not yet mooned.
For example, the trader mentions distributed web protocol Holochain (HOT), which had a huge breakout in early April to an all-time high of $0.031.
While Van de Poppe believes Holo will break out again, he predicts its second rally will occur later in the next wave of the altseason, likely around mid-June.
“Do I assume that we’re going to have a new cycle for altcoins?