Veteran Trader Michael Van De Poppe Shares His Altcoin Portfolio, Predicts It Could 10X In 6 Months
By Benzinga
Cryptocurrency trader and analyst Michaёl van de Poppe shared insights about his high-risk, all-altcoin portfolio strategy for the current market cycle.
What Happened: Van de Poppe believes the coming period will be favorable for altcoins, citing increased global liquidity from China and potentially the U.S. He expects Bitcoin (CRYPTO”: BTC) to reach $90,000-$100,000 in the final months of the year, which he thinks will boost confidence in altcoins.
His portfolio consists of four larger altcoins and four smaller, higher-risk tokens. The larger holdings are an Ethereum layer-2 solution Optimism (CRYPTO: OP), Celestia (CRYPTO: TIA), a Modular blockchain infrastructure, AI-focused blockchain, Bittensor (CRYPTO: TAO) and, Ethereum Name Service (CRYPTO: ENS), the Domain name service for Ethereum.
Meanwhile, the smaller holdings are a liquid staking protocol Renzo (CRYPTO: REN), Omni Protocol (CRYPTO: OMNI), one more liquid staking solution, decentralized Ethereum staking, Rocket Pool (CRYPTO: RPL), and a decentralized exchange Dydx (CRYPTO: DYDX).
Van de Poppe emphasizes the high-risk nature of his strategy, stating, “I wouldn’t advise doing that but in my portfolio, I’ve got four large altcoins and four smaller altcoins.” He plans to actively swing trade these positions, aiming for 100-500% gains before taking profits.
Also Read: Bitcoin Is In For A ‘Massive Bull Run’ If This 2020 Pattern Repeats, Analyst Says
Why It Matters: Regarding market predictions, he’s optimistic: “My prediction for the upcoming years for the cryptocurrency markets is that we’re going to the Moon.”
He expects his portfolio could potentially achieve a 10x return in the next six months, though he plans to rotate into newer coins and more risk-averse assets as the cycle progresses.
While Van de Poppe’s all-in altcoin approach is extremely risky, his insights offer a glimpse into how some experienced traders are positioning themselves for what they believe could be a significant bull run in the crypto markets.
Read Next:
Image: Shutterstock
