Popular crypto strategist and trader Michaël van de Poppe has updated followers with a price prediction for bitcoin, including giving his top picks for 2021.
Speaking in a recent YouTube update, van de Poppe said the market is moving through a typical cycle for crypto-assets, with the expectation that investment into bitcoin will shift to mid- and small-cap coins.
The veteran trader predicted that altcoins would experience in a windfall leading up to a correction for bitcoin.
He said,
We are most likely going to see a correction of Bitcoin sooner or later, the standard 30% correction. Before that correction happens, we’ve seen that in the previous weeks with Polkadot (DOT), with Cosmos (ATOM), with Cardano (ADA), with Ether (ETH), with VeChain (VET), with Zilliqa (ZIL), all of those big coins have been doing well.
Van de Poppe said he is interested in small-cap coins such as Celer Network (CELR) and MATIC Network (MATIC) that focus on second-layer solutions to improve blockchain speeds. He also highlighted the growing decentralized finance (DeFi) market, but is skeptical of any projects as of now due to the high risks involved.
Van de Poppe recommended investors focus on a strategy of buying bitcoin and ethereum until the bull cycle plays out.
He explained,
And in the end, the index beats 90% of the traders. Just buying a bit of Bitcoin and Ethereum on a weekly or monthly basis will generate you a better ROI than 90% out here. With a more balanced and calm life as well.
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The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
