Michaël van de Poppe, CIO and founder of MN Trading, expects to see the altcoin market awaken from its slumber. In an overall crypto market, including more recent analysis, Van de Poppe believes the long altcoin bear window could soon come to an end. He cites major undervaluation throughout Ethereum, Chainlink and DeFi blue chips as signs of a brewing bull run.
Van de Poppe’s analysis, which you can watch in full below, underscores the importance of market sentiment on crypto price action. Along those same lines, he claims that the emotional aspect of crypto trading tends to result in price inefficiencies, which is where smart investors can strike gold. Even with the recent downward price action, Van de Poppe points to continued developer movement within the alternative crypto markets. This ongoing expansion, in his view, represents a dangerous disjuncture between what the market now prices assets at and their actual foundational value.
As seen in the price discovery, the undervaluation, according to Van de Poppe, is most apparent in Ethereum, Chainlink, and the blue-chip DeFi projects. He describes the expanding gap between today’s prices and what they could be if we utilized their full potential. This would indicate that the altcoin market is primed for a major breakout. According to the MN Trading founder, the altcoin market is sending obvious signals of an imminent uptrend.
The altcoin market has faced almost four years of underperformance, resulting in what Van de Poppe dubs as mispricing so extreme it’s dangerous. He argues that this critical and extended period of undervaluation has set the conditions for a once-in-a-lifetime opportunity for investors.
