in

Popular Trader Michaël van de Poppe Gives Bitcoin Prediction, Top Crypto Picks for 2021

Popular Trader Michaël van de Poppe Gives Bitcoin Prediction, Top Crypto Picks for 2021


Popular crypto strategist and trader Michaël van de Poppe has updated followers with a price prediction for bitcoin, including giving his top picks for 2021.

Speaking in a recent YouTube update, van de Poppe said the market is moving through a typical cycle for crypto-assets, with the expectation that investment into bitcoin will shift to mid- and small-cap coins. 

The veteran trader predicted that altcoins would experience in a windfall leading up to a correction for bitcoin

He said, 

We are most likely going to see a correction of Bitcoin sooner or later, the standard 30% correction. Before that correction happens, we’ve seen that in the previous weeks with Polkadot (DOT), with Cosmos (ATOM), with Cardano (ADA), with Ether (ETH), with VeChain (VET), with Zilliqa (ZIL), all of those big coins have been doing well.




Van de Poppe said he is interested in small-cap coins such as Celer Network (CELR) and MATIC Network (MATIC) that focus on second-layer solutions to improve blockchain speeds. He also highlighted the growing decentralized finance (DeFi) market, but is skeptical of any projects as of now due to the high risks involved. 

Van de Poppe recommended investors focus on a strategy of buying bitcoin and ethereum until the bull cycle plays out. 

He explained, 

And in the end, 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.

Featured Image Credit: Photo via Pixabay.com

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.



Source link

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

Loading…

0

What do you think?

-1 Points
Upvote Downvote
Top Regulator Says US Banks Can Use Stablecoins for Payments

Top Regulator Says US Banks Can Use Stablecoins for Payments

Former Bakkt CEO Kelly Loeffler will not return for a full term as a U.S. Senator. She left the crypto warehousing company late in December 2019.

Former Bakkt CEO Kelly Loeffler loses Georgia Senate seat.