Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
This is what crypto expert Michael van de Pope's altcoin portfolio looks like

This is what crypto expert Michael van de Pope's altcoin portfolio looks like

Cryptodnes2024/06/08 13:34
By:Cryptodnes

After shifting his focus to altcoins a month ago, crypto expert Michael van de Pope decided to revamp his portfolio by replacing underperforming cryptocurrencies with potentially more profitable alternatives.

Discussing his strategy in a recent YouTube video, van de Pope acknowledged that some altcoins have struggled since the approval of the SEC for Spot Bitcoin ETFs. However, he identified opportunities for significant gains in the market.

Among the cryptocurrencies removed from his portfolio were Cosmos (ATOM) and Curve (CRV).

Despite acknowledging their strong fundamentals, van de Pope noted their weak performance, with ATOM undergoing a correction of nearly 50% and CRV volatile against Bitcoin и Polygon (MATIC ).

READ MORE:
Asset manager Franklin Templeton is considering a new altcoin fund

In contrast, van de Pope highlighted promising alternatives such as I know I know) и Celestia (AUNT) . These coins, he explained, have suffered setbacks since the launch of the Bitcoin ETF, but represent significant upside potential due to their recent corrections.

As an experienced trader, van de Pope emphasizes the importance of thorough research before making investment decisions, highlighting the risks and opportunities inherent in the crypto market.

SHARE: SHARES
1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!