Closely followed crypto strategist and trader Michaël van de Poppe is naming his top altcoin picks for the current cycle.
In a new strategy video, Van de Poppe tells his 165,000 YouTube subscribers that Bitcoin (BTC) investors are likely to start funneling their profits into altcoins, sending alt projects much higher.
“Altcoins are going to do really well. They are likely going to do that. They have been suffering a lot in the past period because of the Bitcoin exchange-traded funds, but I think that the rotation is going to be very close towards an upside for altcoins.”
The trader says that he is now bullish on several newer altcoins.
“So the altcoins that I had in my portfolio are likely going to do well, but they will be outperformed by newer assets.”
Among his newer top alt picks is Renzo (REZ), a liquid re-staking token for EigenLayer.
“Seeing the price action that has been taking place, I rotated some of the altcoins that are relatively old like ATOM, like Curve in my portfolio and I swapped them for newer coins. One of those newer coins is some project that I started to tweet which is Renzo.”
Renzo is trading for $0.172 at time of writing, up slightly in the last 24 hours.
Next up, the trader believes that Portal (PORTAL), a project that aims to unite games from different blockchains on its cross-chain token platform, has a lot of upside potential this cycle.
Portal is trading for $0.97 at time of writing, down 3.5% in the last 24 hours.
Lastly, the trader says cross-chain messaging protocol Wormhole (W) could post big gains.
Wormhole is trading for $0.66 at time of writing, up nearly 7% in the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment…
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