Top crypto analyst Michaël van de Poppe reveals what assets he is buying during the severe crypto market crash.
Amid a staggering market decline, Van de Poppe prepares its dip buying strategy as altcoins begin to feel the full effects of the correction.
“Altcoins didn’t fall that much, some of them even went up in Bitcoin pairs … On Wednesday the panic set in and we saw that altcoins also fell sharply.
If you want to get into the markets this is the best time. The anxiety states are extreme. Panic is everywhere. The discussion is that crypto is rightfully dead, but what has fundamentally changed in the DeFi (decentralized finance) room and all these other altcoins and projects? Nothing. The Ethereum versus Bitcoin is still in a bull cycle. “
Van de Poppe announced on Twitter this weekend that he had used cash to buy the dips for the oracle projects Chainlink (LINK) and DIA as well as the flagship cryptocurrency Bitcoin himself.
Used fresh liquidity to buy $ LINK, $ BTC & $ DIA.
– Michaël van de Poppe (@CryptoMichNL), May 23, 2021
The analyst adds that if investors want to take advantage of the slumps and protect their capital as best they can, the key is to look at large-cap projects like Ethereum or Litecoin (LTC).
Van de Poppe predicts that, as in the past, once Bitcoin bounces back from its dive to the low $ 30,000 area, Altcoins will quickly follow suit, potentially outperforming the lowest entry opportunities.
“If you want to take positions with the lowest risk you will be looking at things like Litecoin and things like EOS or Ethereum. If you are looking for more risk at this point, you will be looking at smaller altcoins. So you have to look at Bitcoin, but in general, if that ricochets, altcoins will most likely come back to play and bounce back pretty quickly. “
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