The altcoin market has experienced a significant drop, with some cryptocurrencies losing up to 50% in just one day. While this may seem worrying, experts like Michaël van de Poppe say that such price corrections are normal in the crypto market’s volatile cycles and shouldn’t cause panic.
In a recent post on X, Michaël van de Poppe addressed the 30% decline in the altcoin market, noting the panic it has caused among investors. Some altcoins, including Bittensor, saw massive drops of 50% within just 24 hours, causing a shift in market sentiment. However, van de Poppe reassured followers that corrections like these are typical in the crypto world, where market sentiment often swings dramatically.
Van de Poppe explained that although the current correction might seem worrying, it’s important for investors to stay focused on their long-term plans. He recommended sticking to a balanced portfolio and rebalancing it when necessary. By focusing on stable, core assets, investors can take advantage of future opportunities when the market recovers.
The expert also highlighted that the market drop is partly due to a liquidity shortage, with overleveraged markets experiencing the largest crash in three years. This crash was likely caused by overconfidence and excessive leverage in the market.
Raoul Pal sees Bitcoin heading for a major bull run but cautions against blindly expecting a repeat of past Raoul Pal has also shared his view, predicting that Bitcoin is heading towards a major bull run. However, he warned that investors shouldn’t assume past patterns will repeat.
Pal pointed out that many investors might sell too soon due to fear from previous cycles, potentially missing out on gains if the market peaks later—likely around late October 2025—if liquidity conditions stay favorable. This would also benefit altcoins.
Patience WILL Pay Off!
However, Van de Poppe encouraged investors to hold their positions if they believed in the long-term potential of their altcoins. He emphasized that while corrections are tough, they shouldn’t derail one’s despite the current market turbulence, van de Poppe encouraged investors to hold on to their positions if they believe in the long-term potential of their altcoins. He emphasized that while corrections can be tough, they shouldn’t cause a shift in your overall strategy.
With many markets still in the early stages of an uptrend, he advised investors to stay patient and avoid rash decisions that could result in bigger losses.
Despite the downturn, the altcoin market is showing signs of strength. Bitcoin’s dominance is decreasing, while the altcoin market cap has risen to a new high of $1.89 trillion. The Altcoin Season Index, which tracks when altcoins outperform Bitcoin, suggests that the next major altcoin season could peak in 2025.
With new market trends, technological advancements, and favorable liquidity conditions, the coming year looks promising for altcoins.
As the market fluctuates, those who stay steady may find themselves well-positioned for the next wave of opportunity.
Experts suggest holding onto altcoins if you believe in their long-term potential, despite short-term volatility and market corrections.
Despite recent drops, the altcoin market shows potential with signs of strength, including a rising market cap and decreasing Bitcoin dominance.
In a surprising turn of events, Justin Sun, a prominent figure within the Tron (TRX)…
Cryptocurrency markets are experiencing fluctuations as traders brace for President Donald Trump's "Liberation Day" announcement,…
Grayscale, a leading crypto asset manager, has introduced two new Bitcoin ETFs, offering a fresh…
In a year marked by conservatism and a sentiment shift in crypto, one name is…
Particularly for Dogecoin (DOGE), Elon Musk, the billionaire entrepreneur CEO of Tesla and SpaceX, has…
The cryptocurrency market is no stranger to ups and downs, and this week, Shiba Inu…