Analyst Reveals 5 Must-Buy Altcoins Post-Halving

Michaël van de Poppe predicts a dynamic future for altcoins, post Bitcoin halving. In his latest analytical deep dive, he said that despite Bitcoin’s strength, there is a lack of momentum in altcoins outside the Bitcoin ecosystem, with major platforms like Ethereum and others in the DeFi space not showing significant activity.

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Michaël said the impact around whether Ethereum is viewed as a security – specifically in the US – is also a deciding factor. Moreover, Michaël emphasises the passing nature of narratives in the blockchain space, where trends such as AI, NFTs, and gaming come and go, influencing market dynamics for only short periods:

If you go back a few cycles, then you can also understand that we’ve had a period of ICO booms which was during the end of 2017 and beginning of 2018. We have seen a period of DeFi in 2020. We’ve seen a period in 2021 which was related to […] NFTs. We’ve had a period of AI right now, we’ve had a period of gaming. We’ve had the Solana ecosystem.

Michaël van de Poppe

Looking ahead, Michaël believes altcoins will see a longer cycle compared to previous ones due to evolving narratives and market shifts. He suggests that regulatory clarifications, like those surrounding Ethereum’s classification and ETFs, could lead to more sustained impacts and a shift in market focus from Bitcoin to altcoins.

Here are his 5 altcoin picks:

Blue-Chip Chainlink 

Many, including Michaël consider Chainlink somewhat of a ‘blue-chip’ within the crypto space due to its essential role as an Oracle that connects real-world data to blockchain networks. Chainlink complements other blockchain functionalities, such as those offered by Ethereum.

Despite a prolonged bear market for Chainlink, the conditions are becoming favourable for accumulation, suggesting potential for significant price increases in the coming years.

Michaël’s strategy involves buying during downturns and strategically selling during rallies, indicating a long-term bullish outlook on Chainlink due to its foundational technology and role in the DeFi ecosystem.

Skale – Innovation, Not Gas Fees

Skale is a promising layer-two solution that reduces transaction costs and enhances scalability across blockchains, which Michaël believes will be crucial for the future development of the crypto ecosystem.

He notes that Skale offers innovative solutions like no gas fees and account abstraction, which streamline blockchain transactions and user interactions.

The low market cap presents a substantial growth opportunity, especially as it aims to return to its all-time high prices, making it a strategic addition to a diversified crypto portfolio, he adds.

Covalent

A project he said he is personally invested in – so take that with a grain of salt. Price is low at present so perhaps a buying opportunity, especially if the project can bounce back to previous high levels.

Michaël’s strategy includes using Dollar Cost Averaging (DCA) to invest in Covalent, anticipating that it will regain value and provide substantial returns as the market cycles back to bullish conditions.

Sei

Sei stands out due to its high speed and efficiency, which Michaël describes as superior to older chains. Michaël also highlights the strategic advantage of investing in newer blockchain technologies like Sei.

He suggests that newer projects often present greater growth opportunities because they incorporate lessons learned from older projects and typically enter the market with innovative features that may better meet current demands.

Without significant pre-existing selling pressure from early investors looking to exit, Sei’s valuation has a clearer path to appreciate, potentially surpassing older altcoins.

Arbitrum (ARB)

Michaël views Arbitrum as an innovative layer-two solution that improves transaction efficiency and cost-effectiveness on the Ethereum network.

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Despite the current low market sentiment towards Arbitrum, Michaël advises that the potential for high returns makes it a worthwhile investment, especially as it overcomes the challenges faced during the 2021 bull run.

This is not financial advice and you should always do your own research. Starting by learning all you can about crypto is a good starting point, which is why you should check out our comprehensive guide on the Best Crypto Education Platforms in Australia.