"Wow is now the time for altcoin prices to rise again?"
After the altcoin witnessed a prolonged "depression" phase, Michael van de Poppe, a leading cryptocurrency analyst, opined that the price is likely to be ready to move higher.
This is because many applications for crypto exchange traded funds (ETFs) will increase in the future, commented Poppe to his 666,000 followers on the X social media platform formerly known as Twitter.
There is no denying that Poppe has talked about the matter repeatedly, but he truly believes that the altcoins that are currently at their lowest level are on the momentum to rise again.
But investors need to know that interest in digital assets has been at the same level as in 2020 as institutions have become increasingly interested in spot Bitcoin (BTC) ETFs, spot applications of Ethereum (ETH) ETFs and ETH ETF futures.
According to Poppe who tried to describe the psychological phase investors go through during the volatile crypto market cycle, the end of the cycle is the "depression" phase where the price of digital assets is at an extreme low.
The "depression" stage is usually followed by the "disbelief" phase which means that the crypto price will start to rise slightly but most investors will remain cautious.
Looking at BTC, Poppe revealed that he will be a massive buyer even if the price plunges to $26,800 or $24,500 to $25,000 but currently the digital asset is at $25,595.
