Top Altcoins to Watch After Recent Dip: Analyst’s Picks

Popular
analyst
Michaël
van
de
Poppe
shares
a
list
of
altcoins
that
could
bounce
off
more
strongly
after
the
last
dip.
This
comes
as
crypto
markets
reel
from
the
recent
correction
that
saw
Bitcoin
(BTC)
test
the
depths
of
$49,000.

Portfolio
rebalancing
is
a
favored
investment
strategy
among
intentional
traders,
especially
during
periods
of
market
volatility.
To
effectively
manage
risk,
traders
should
diversify
their
investments
across
promising
crypto
narratives,
establish
a
clear
exit
strategy,
and
maintain
a
disciplined
dollar-cost
averaging
approach.

Analyst
Top
Altcoin
Picks
as
Market
Attempts
Recovery

Van
de
Poppe
observes
how
altcoins
are
doing
after
the
correction.
He
notes
that
Ethereum
(ETH)
DeFi
has
been
bouncing
off
more
strongly
than
Solana
DeFi
tokens,
which
shows
the
potential
of
the
respective
ecosystem.
He
also
observes
the
commendable
performance
among
meme
coins,
AI,
and
DePIN
categories.

“If
we
are
looking
at
the
data,
then
you
want
to
be
positioned
at
AI
and
DePIN,
meme
coins,
or
you
want
to
be
positioned
into
ETH
DeFi.
You
want
to
be
into
the
biggest
bounces
because
those
are
likely
going
to
continue
with
the
momentum
as
traders
are
looking
at
the
hype
coins
or
the
strongest
bounces
and
start
allocating
toward
those,”
van
de
Poppe
noted.

Bittensor
(TAO)

An
analyst
has
predicted
a
5
to
10X
potential
for
TAO,
an
AI-driven
crypto
coin,
following
its
70%
rally
from
recent
lows.
This
surge
has
caught
the
attention
of
many
traders.
Michaël
van
de
Poppe
is
not
alone
in
his
optimism;
other
experts
also
foresee
further
gains
for
the
Bittensor
token,
considering
it
a
strong
investment.

“If
you’re
aiming
for
a
significant
boost
in
your
portfolio,
TAO
might
be
a
compelling
choice.
Currently,
the
market
cap
stands
at
an
impressive
$2
billion,
reflecting
the
strong
performance
and
potential
of
TAO,”
noted
Lucky,
a
seasoned
Bitcoin
investor.

Meanwhile,
TAO
is
a
front-runner
for
the
artificial
intelligence
(AI)
sector,
which
has
shifted
market
sentiment
from
bearish
to
bullish.
This
shift
is
attributed
to
the
rising
global
demand
for
AI
technologies.
The
Relative
Strength
Index
(RSI)
also
indicates
that
bulls
maintain
control,
as
the
RSI
remains
above
the
midpoint
of
50.

Read
more: What
Is
Altcoin
Season?
A
Comprehensive
Guide

Aave
(AAVE)

Michaël
van
de
Poppe
has
also
pointed
to
AAVE
as
a
promising
asset,
noting
significant
accumulation
against
Bitcoin
and
the
formation
of
higher
highs
against
the
USDT
stablecoin,
both
signs
of
growing
bullish
momentum.
He
observes
that
AAVE
has
been
in
horizontal
consolidation,
with
no
significant
price
drops,
which
he
sees
as
a
strong
indicator.

Beyond
the
bullish
technical
outlook,
on-chain
metrics
for
AAVE
are
also
favorable.
The
Aave
blockchain
boasts
a
total
value
locked
(TVL)
of
around
$11.5
billion,
against
a
market
capitalization
of
over
$1.4
billion.
This
valuation
suggests
considerable
upside
potential,
according
to
van
de
Poppe.

Notably,
the
Aave
DAO
recently
launched
the
first
$100
million
yield
loan
alongside
key
partners.
The
move,
which
exemplifies
how tokenization and
blockchain
technology
can
revolutionize
the
issuance
and
management
of
bonds
and
securities,
could
bode
well
for
the
AAVE
token.

Aevo
(AEVO)

Michaël
van
de
Poppe
also
highlights
AEVO
as
a
promising
buy,
pointing
to
its
predictions
and
options
market.
From
a
technical
perspective,
he
notes
a
bullish
divergence
in
the
Relative
Strength
Index
(RSI),
where
the
RSI
shows
higher
lows
against
the
price’s
lower
highs,
indicating
growing
bullish
momentum.

Van
de
Poppe
further
identifies
a
falling
wedge
pattern
on
AEVO’s
one-day
chart,
which
suggests
a
potential
breakout
to
the
upside.
This
pattern
is
widely
regarded
as
a
bullish
reversal
signal,
confirmed
when
the
price
breaks
above
the
upper
trend
line.
The
profit
target
for
this
pattern
is
typically
calculated
by
adding
the
maximum
distance
between
the
upper
and
lower
trend
lines
to
the
breakout
point.

Read
more: 11
Cryptos
To
Add
To
Your
Portfolio
Before
Altcoin
Season

The
analyst
did
not
highlight
any
projects
on
his
radar
for
the
DePIN
category.
Nevertheless,
experts
are
already
looking
at
Lumerin
(LMR),
Destra
Network
(DSYNC),
AIOZ
Network
(AIOZ),
StorX
Network
(SRX),
and
Storj
(STORJ).

Investors
are
actively
preparing
for
an
altcoin
season
despite
skepticism
that
the
capital
rotations
will
happen.
Notwithstanding,
getting
ahead
of
things
is
a
safer
option
than
succumbing
to
the
fear
of
missing
out.
Nevertheless,
traders
and
investors
must
also
conduct
their own research.