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Ethereum, Cardano, Polkadot – Michaël van de Poppe reveals top altcoins for 2021

  • According to Michaël van de Poppe, Bitcoin will enter a consolidation phase during the first quarter of 2021 and will give way to an altcoin season.
  • Cryptocurrencies with low market capitalization will offer better profit opportunities in the second quarter of the year.

Trader Michaël van de Poppe has made his prediction for the 2021 crypto market. In a video for his YouTube channel, van de Poppe stated that Bitcoin will maintain its dominance over the next few months, but will enter a consolidation phase that will allow the bullish trend to shift towards the altcoins.

The trader compared Bitcoin to gold and altcoins to silver in the commodity market. He added that altcoins are undervalued. In the first quarter of the year, the Bitcoin price could cool down and then go through a 30% correction before resuming a bullish trend in the second quarter of the year. The trader said the following accompanied by the chart below:

(Bitcoin’s dominance) it’s most likely topping out in December again. That’s a great signal for the markets. If Bitcoin itself calms down, the rest of the cryptocurrency markets could start aligning.

Bitcoin BTC

Source: https://twitter.com/CryptoMichNL/status/1346214069238317056/photo/1

Therefore, van de Poppe predicts that when the price of Bitcoin drops, investors will allocate capital to mid-market-cap cryptocurrencies such as Polkadot, Cardano, Litecoin, Monero, Ethereum, VeChain, and Zilliqa. These cryptocurrencies will perform temporarily better as a result.

If you want to get upside potential, then you have to look at the altcoins (…) We have seen Zilliqa do a 4x, we have seen Ether do well, we have seen Polkadot reach a new all-time high. That’s a sign that the momentum is starting to shift from Bitcoin (…).

What to expect from the market in Q2 2021?

Later on, van de Poppe predicted that when mid-market-cap cryptocurrencies stop increasing in their price, investors will move towards cryptocurrencies with a low market capitalization. At that time, second-layer solutions such as Celer Network, MATIC, and SKALE could present a good opportunity to make profits.

By mid-year, the market could experience a “phenomenon” that indicates a change in its trend. The trader pointed to the DeFi sector and NFTs as potential catalysts for such a change. At that point, Bitcoin and Ethereum could be a more attractive option to take advantage of the bullish trend change.

(…) the index beats 90% of the traders. Just buying a bit of Bitcoin and Ethereum on a weekly or monthly basis will generate you a better ROI than 90% out here. With a more balanced and calm life as well.

However, van de Poppe advised his audience to maintain a neutral position regarding their investments and to abandon any bias towards a particular cryptocurrency. In that sense, he concluded:

In the end, my goal is to be gaining a yearly ROI on my portfolio, to defend my wealth in whatever circumstances there are and to grow with that.

About Author

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Reynaldo Marquez has closely followed the growth of Bitcoin and blockchain technology since 2016. He has since worked as a columnist on crypto coins covering advances, falls and rises in the market, bifurcations and developments. He believes that crypto coins and blockchain technology will have a great positive impact on people's lives.

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