Crypto analyst Poppe reveals his 5 favorite altcoins for the first quarter of 2024

Michael Van De Poppe, a name known for his cryptocurrency analysis on social media, announced his 5 favorite altcoins for the first quarter of 2024 in his latest post and explained why he prefers these altcoins.
Michael Van De Poppe first talked about the theory in altcoin trading, mentioning that assets such as Solana and Injective, which are rising very quickly, are fueled by external factors. Evaluating the excitement in the market over these two altcoins, the analyst advised investors to be careful at this point. So much so that the entry into these altcoins at high levels involves a high risk compared to the possibility that profit-taking activity will start in the assets at some point, he said.
Poppe also mentioned a spot he made about the altcoin rally. Emphasizing that the vast majority of investors started to buy in the last 10% - 20% rise in assets, the analyst attributed this to the FOMO effect and said that this group constitutes a large audience. He added that this move allows smart money investors who enter the market early to make larger amounts of profit.
As a result, projects such as Michael Van De Poppe, SOL, and INJ were skeptical of fast-rising altcoins, questioning why they should continue to invest in these assets when they have risen significantly and other altcoins have opportunity costs. However, emphasizing that these assets contain a high amount of risk compared to less rising altcoins, Poppe also recommended turning to large altcoins instead of altcoins with lower capital value. He explained this with the thesis that chasing high returns is no different from gambling, and that large altcoins are more suitable for generating compound returns with good timing.
Michael Van De Poppe first talked about the theory in altcoin trading, mentioning that assets such as Solana and Injective, which are rising very quickly, are fueled by external factors. Evaluating the excitement in the market over these two altcoins, the analyst advised investors to be careful at this point. So much so that the entry into these altcoins at high levels involves a high risk compared to the possibility that profit-taking activity will start in the assets at some point, he said.
5 altcoins that crypto analyst focuses on for the upcoming period
Accordingly, Poppe said that he will focus on 5 altcoins for the next quarter.
Michael Van De Poppe's first favorite altcoin is Ethereum. Stating that he believes that the largest altcoin will outperform Bitcoin in the coming period, Poppe reminded that spot ETH ETFs will also be on the agenda after the Bitcoin ETF.
Poppe's other favorite altcoins include Optimism and Arbitrum. He attributed the reason for this to his belief that the Ethereum ecosystem will perform better. Because OP and ARB are the native assets of two projects that work very efficiently as layer-2 projects on the Ethereum network.
The crypto analyst's 4th favorite altcoin is Chainlink (LINK). Emphasizing that LINK has been in a bear market against USDT for the last 2 years, but has been declining against BTC for 3 years, Poppe thinks that the crypto currency will continue to rise due to the seasonality effect. Poppe, who expects a DeFi rally in the altcoin industry in 2024, stated that this is why he added LINK to his portfolio.
The analyst also said that he cares about assets outside the Ethereum ecosystem, including adding SUI to his portfolio. As an alternative to SUI, which is an alternative layer-1 network token to Ethereum, he emphasized that assets such as SEI, RUNE, ATOM and DOT can also be evaluated in this process.
Michael Van De Poppe listed the portfolio allocation as Ethereum 40%, LINK 20%, ARB 15%, OP 15%, and SUI 10%. Poppe, who believes that assets such as Bitcoin and Ethereum should always make up the largest part of the portfolio, said that he has created the portfolio at decreasing rates according to similar thinking.
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