The popular Dutch crypto trader Michaël van de Poppe recently shared his views on the current correction in the altcoin market. He expects this correction to end within a few weeks in 2025, with an upward trend in sight.
Van de Poppe focuses his attention on the TOTAL3 chart, which tracks the market capitalization of all cryptocurrencies, excluding Bitcoin, Ethereum and stablecoins. He notes that this chart could soon enter a bullish trend, suggesting that the market correction for altcoins is almost over.
He continues with:
“When we look at the altcoin market and analyze TOTAL3, we see a great chance that the market correction is almost over. We could experience another week or two of correction in early January, after which we can rise again.”
According to Van de Poppe, investor interest in altcoins is increasing, which could be good news for the market. He advises to closely monitor the performance of altcoins outside of Bitcoin and Ethereum as the correction subsides.
He predicts that once the correction ends, investors will become active again, which could lead to a significant price increase of altcoins. The focus on Ethereum and other altcoins within the ecosystem suggests that there may be opportunities for investors who strategically position themselves now. He also tips a number of altcoins that he has in his portfolio:
Dogecoin
Shiba Inu
Pepe
dogwifhat
Bonk
FLOKI
Bitcoin
Ethereum
Tether
Solana
XRP
Cardano
