Long-Time Analyst Changes Strategy on Altcoins: Sold Most Altcoins, Bought These
Renowned cryptocurrency analyst Michaël van de Poppe announced significant changes to his altcoin portfolio. He updated his strategy in response to new market data, he shared on social media.
While assessing recent market developments, the analyst highlighted the increasing volumes in Binance listings and BNB's new high. He also noted the growing strength of decentralized cryptocurrency exchanges (DEXs) and stablecoin-focused projects.
Announcing the changes in his portfolio, Van de Poppe stated that he made the following moves:
- He sold his position in Celestia (TIA) at $5,208 and bought EigenLayer (EIGEN) at $1,730.
- He sold his Rocket Pool (RPL) position and moved towards Wormhole (W) and Renzo (REZ).
The analyst said that EIGEN remains firmly above its 20-week moving average, while W and REZ have significant upside potential in the coming period.
Van de Poppe stated that small-scale altcoins have performed better in his portfolio recently, arguing that projects such as WOO, W, REZ and PEAQ stand out, while some altcoins such as RPL and TIA have an opportunity cost.
He also shared the following observations on small-cap altcoins:
- AEVO: Started to move again, sold partially at $0.15 and bought WOO.
- WOO: He's starting to show strength.
- W: Above 20-week moving average, strong upside potential.
- REZ: About to break the 20-week moving average.
- PEAQ: Strong performance.
- RPL: Removed from portfolio due to poor performance.
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.
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