Renowned Analyst Explained: Should Altcoins be Sell or Hold?

Crypto analyst Michaël van de Poppe, who gained a place for himself in the market with his successful claims, evaluated the recent decline in the market. Van de Poppe has been investing in all altcoins since May 2024. He admits that this strategy is risky given the volatility of the cryptocurrency market. However, the analyst urges investors to hold their altcoins despite the current sell-off.

Should altcoins be sold when prices are falling?

In his final analysis, popular analyst Michaël van de Poppe discusses the ups and downs of owning an altcoin portfolio. The analyst underlines that although many altcoins are declining, the potential for valuable benefits remains. Thus, it highlights unforeseen market recoveries. “Crypto sentiment can change in a day and a bull market can happen in just a few weeks,” Van de Poppe said. Therefore, the real question is what will be the game plan? says.

The analyst points out that even major altcoins are performing abysmally. Elsewhere, an analyst with the pseudonym Daan Crypto admits that multiple altcoins are down between 40% and 90%. For example, Ethereum, which is in the leading position among altcoins, lost significant value by over 10%. Chainlink saw a 26% decline. Some investments, such as Wormhole, suffered significant losses last month, falling more than 40%.

ETH, LINK, W Price Performance. Source: TradingView

Analyst Aylo: This is the best place to buy altcoins!

Despite these setbacks, analysts such as Van de Poppe and Aylo continue to trust this strategy. They even increased their risk exposure by replacing old altcoins with new ones, which they believed would perform better when the market recovered. Aylo said, “This is the best place to buy altcoins since mid-2023. We need to be patient as we will stay in this region for a while longer. “It certainly doesn’t seem like a good place for panic selling,” he says.

Van de Poppe: I think you should consider defending your position!

During a previous bear market, Van de Poppe disclosed investments in Polygon, Phantom, and Ferosity. These altcoins experienced an initial setback. But he eventually reaped big returns, especially from Ferosity, which rose to 95 times its initial price. The analyst attributes his success to his understanding of market cycles and his resilience to endure difficult times. Looking ahead, Van de Poppe sees Ethereum as a valuable indicator for the broader market. He predicts that once Ethereum gains momentum, it will trigger a broader altcoin era.

That’s why Van de Poppe advises investors to keep a long-term perspective and resist the urge to sell during down periods. In this context, Van de Poppe shares the following assessment for altcoins:

I think you should consider defending your position and continue saving if possible. If you have the ability to continue accumulating your position, then this is also a period when you need to show that you are strong as steel.

The opinions and claims in the article are those of analysts and are not necessarily investment advice. cryptokoin.comWe strongly recommend that you do your own research before investing.