
Crypto analyst Michael van de Poppe sees promising signs for an upcoming altcoin season.
Gold’s price surge is cooling, signaling a shift towards riskier assets like altcoins.
Historical patterns suggest a major altcoin rally may follow after the Chinese currency’s drop.
Since 2021, the crypto market has been waiting for another explosive Altcoin season, where prices surged by 40% to 70%. Well, according to popular analyst Michael van de Poppe, the green lights are finally flashing for altcoins.
With global liquidity on the rise and a shift away from gold, things are looking promising. The table might just be turning, and a new rally could be right around the corner.
More Money Is Flowing Into the Markets
Over the past few quarters, altcoins have struggled badly, leaving many investors disappointed. However, Michael van de Poppe explains that global liquidity is growing fast.
China is already adding more money into the economy, Europe has lowered its interest rates, and the U.S. might lower rates soon, too.
When more money flows into the system, risky assets like Bitcoin and altcoins usually do well. Van de Poppe believes this could fuel a strong rally across crypto markets higher over the next several months.
Gold Surge Cooling Off
Another important signal comes from the gold market. Gold has massively outperformed other assets by 20% since 2022, as investors rushed towards safety during uncertain times. But now, gold prices seem to be peaking.
Van de Poppe believes that as gold slows down, investors will slowly move back into riskier assets like altcoins. Historically, whenever gold took a breather, crypto markets saw strong recoveries, and this time could be no different.
Chinese Currency Shows a Key Turning Point
Interestingly, van de Poppe also pointed to the Chinese Renminbi’s (CNH) performance against the U.S. Dollar (USD). In past cycles, whenever CNH/USD bottomed out, altcoins like ETH started rising fast.
The same thing happened in the summer of 2019 — after CNH/USD hit a low, altcoins went on a strong two-year rally.
Now, the CNH chart has shown another deep drop, which could mean that altcoins are getting ready for a new rally. This pattern from the past makes the chances of a new altcoin bull run even stronger.
Institutions Are Changing the Game
Finally, van de Poppe says that big institutions are now shaping the crypto market. Instead of just following the old 4-year cycles, investors now have to watch global money flows and economic events.
After the longest bear market in altcoin history, things are finally starting to look better. The next 12 to 18 months could be very exciting for altcoins.
Sign oF Shifting Interest
Recently, Coinpedia News reported a change in crypto market focus, with more attention shifting to altcoins. A survey of 2,000 crypto investors in Korea by CoinNess and Cratos found that 33% expect Bitcoin prices to rise this week, while 35.7% think they will stay the same.
Around 31% predict a dip in Bitcoin prices. This shift shows growing interest in altcoins.