Ethereum

Accumulate

Bitcoin

DeFi

Rise

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-rise-for-ethereum-and-altcoins-as-bitcoin-approaches-peak/" data-wpel-link="internal">Analyst Predicts Rise for Ethereum and Altcoins as Bitcoin Approaches Peak</a> 
Cryptocurrency markets closely follow an analyst who suggests that <a href="https://en.coin-turk.com/bitcoin-analyst-summarizes-possible-scenarios/" data-wpel-link="internal">Bitcoin</a> (BTC) has reached its peak, while Ethereum (ETH) and other altcoins are on the verge of rising. The senior analyst also mentioned that he expects a <a href="https://coin-turk.com/defi-altcoin-hacim-artisiyla-ralliyi-tetikliyor-iste-onemli-seviyeler" data-wpel-link="internal">DeFi</a> project to perform better than BTC. 
<h2 id="expectations-of-a-surge-in-depin-projects">Expectations of a Surge in DePIN Projects</h2> 
Popular cryptocurrency analyst Michael van de Poppe stated on social media platforms that he anticipates decentralized finance (DeFi) protocols and decentralized physical infrastructure (DePIN) <a href="https://newslinker.co/category/technology/" data-wpel-link="exclude">technology</a> projects to start outperforming Bitcoin. DePIN projects involve the use of cryptocurrencies and blockchain technology to promote the construction of real-world infrastructure. Expert cryptocurrency analyst Michael Van de Poppe commented on the subject: 
<blockquote> 
 ETH/BTC shows a strong weekly candle. It looks like the rotation has started. DeFi/DePIN will significantly outperform. Bitcoin is close to reaching its peak. Other ecosystems are starting to look good. 
</blockquote> 
At the time of writing, the ETH/BTC pair has seen an increase of over 3% in the last 24 hours, trading at 0.05700 BTC ($2,953). Furthermore, the cryptocurrency analyst predicts that the leading cryptocurrency could reach up to $58,000 before a market correction occurs, adding: 
<blockquote> 
 Bitcoin is consolidating at $52,000 with a total market value of $1.9 trillion. The rise seems relatively limited for Bitcoin. My overall thesis is a continuation to $54,000-$58,000 followed by consolidation and a broader correction. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-317306 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/vandepoppe.jpg" alt="" width="575" height="313"> 
<h2 id="bull-cycles-in-bitcoin">Bull Cycles in Bitcoin</h2> 
The analyst also mentioned that Bitcoin will follow a historical price pattern and will significantly exceed its current value within two years, concluding his remarks with: 
<blockquote> 
 Bitcoin’s cycle reaching its peak in December 2017 from April 2016. This is similar to Bitcoin’s cycle peaking in November 2021 from March 2020. Bitcoin’s value is $51,000, but it will be significantly higher within two years. Accumulate as much as possible. 
</blockquote> 
Bitcoin is trading at $51,835, up approximately 4% over the past seven days at the time the article was written. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-rise-for-ethereum-and-altcoins-as-bitcoin-approaches-peak/" data-wpel-link="internal">Analyst Predicts Rise for Ethereum and Altcoins as Bitcoin Approaches Peak</a></h5>

Analyst Predicts Rise for Ethereum and Altcoins as Bitcoin Approaches Peak

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