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Analytiker förutspår att Altcoins blomstrar före Bitcoin Halvera – är det dags att investera?
Smakämnen Bitcoin and the altcoins market has since been on a rollercoaster ride over the last few months, with investors looking to make gains at every opportunity, especially with the current trend of the creation of meme coins such as PEPE, AIDOGE, TURBO, and so on.
Nu, med Bitcoin halving around the corner, renowned crypto analyst Michael van de Poppe believes it is time to accumulate alternative coins.
I en tweet, publicerad tidigare idag, säger analytikern noteras:
För altcoins är det dags att samla dem. Ett år innan halveringen -> dags att köpa de positionerna. Nått en viktig nivå här, som också är ca. 1 år innan halveringen.
Dags att längta till Altcoins
Van de Poppe delade sin analys av historiska data om altcoins‘ market cap dominance and identified crucial areas from 2016, where the altcoin price reaction ahead of a Bitcoin halving has gone according to his prediction.
Enligt analytikern kan flera alternativa mynt locka till sig investeringar, vilket leder till en ökning av altcoins dominans på börsvärden.
I synnerhet, Bitcoin halving is an event that occurs every 210,000 blocks mined, which is approximately every four years. It is a mechanism put in place to ensure the scarcity of Bitcoin, which helps to maintain its value.
During the halving, the block reward is cut in half, which decreases the supply of new Bitcoins being produced. The last Bitcoin halving took place on May 11, 2020, and the next one is expected to occur between April and May 2024.
Ett år före nästa Bitcoin halvering is the perfect spot to take that buy position on altcoins, according to van de Poppe. His current projection is reinforced by the crucial level of the altcoins market cap dominance, which is approximately one year before the next Bitcoin halvering.
Detta är den tid då marknaden upplever en uppgång altcoin priser, vilket leder till en ökad efterfrågan på dessa kryptovalutor.
Though the analyst did not hint at which alternative coins to bag, he went ahead to further ask his nearly 657,000 Twitter followers, “Which ones are you accumulating?”
Expected Reaction After The Bitcoin Halvering
Altcoins har gjort betydande framsteg på kryptomarknaden, och deras dominans har varit på uppgång. Under det senaste året har vi sett dominans av altcoins såsom Ethereum (ETH), Binance Mynt (BNB), Dogecoin (DOGE) och Cardano (ADA) ökar markant.
Enligt CoinMarketCap, Bitcoin currently holds a market dominance of around 40%, while altcoins hold the remaining 60%. This is a significant shift from a year ago when Bitcoins dominans was close to 70%. Regardless, the altcoins market is expected to see a surge in price following the Bitcoin halvering.
In the past, altcoins have tended to outperform Bitcoin in the year following a halving event. This is mostly because investors often look for alternative investment opportunities when Bitcoin’s price becomes too high, and altcoins can provide an attractive alternative.
Viewing from Van de Poppe’s current sentiment, the coming months could be a pivotal time for investors to accumulate altcoins as the Bitcoin halving is set to occur between April and May next year.
Following the halving event, the block reward for Bitcoin miners confirming transactions on the network will decrease to 3.125 BTC.
Utvald bild från iStock, diagram från TradingView
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