Cautiously, leading analysts and traders are considering re-entering the market after the historic crash. The well-known Dutch analyst Michaël van de Poppe shares his view on the current crash in his analysis and also hints at which altcoins the analyst is looking at during the dip.
Van de Poppe states that “altcoins have not fallen that far” and that “some even increased in value compared to bitcoin (BTC).” But last Wednesday panic spread to the altcoins and they too saw significant declines of more than 50%.
According to the analyst, such crashes are the best times to step in:
“If you want to enter the markets, now is the best time. The anxiety levels are extreme. Panic is everywhere. The discussion is that crypto is legitimately dead, but what has fundamentally changed about the decentralized finance space (DeFi) and all those other altcoins and projects? Nothing. Ethereum versus Bitcoin is still in a bull cycle. ”
That the fear is good, became clear from the Crypto Fear & Greed Index, among other things. That index has shown particularly low values in recent days, values that were last seen more than a year ago.
Some altcoins that pose less risk during such a crash are the larger altcoins, the analyst said. Van de Poppe cites EOS (EOS), ethereum (ETH) and litecoin (LTC) as examples. Ultimately, of course, everyone should do research for themselves before making a choice. This is therefore not financial advice.
Yesterday at the end of the afternoon, the analyst announced on Twitter that he has entered three cryptocurrencies with “fresh liquidity”. His tweet has also received a lot of criticism, in particular that it would be too early to take such a step. As mentioned earlier, this is a choice for everyone.