Crypto analyst Michaël van de Poppe has laid a bullish narrative for altcoins, predicting that these crypto tokens will make a significant run of theirs soon. This prediction is based on his belief that altcoins are still undervalued compared to the flagship crypto, Bitcoin. 

Crypto Analyst Says Altcoins Are About To Explode

Michaël van de Poppe mentioned in an X (formerly Twitter) post that “there is still around 40-60% market capitalization to gain for the altcoins.” In a subsequent X post, he noted that the valuations of these crypto tokens in their BTC pairs are still relatively low, and that suggests that “strength is still to come,” he claimed. 

The analyst believes that the valuation of these altcoins should be done using their “Bitcoin values” and no other way. If that is done, he remarked that one will be able to see that “most altcoins are still heavily undervalued compared” to the flagship crypto. Meanwhile, he hinted that altcoins will enjoy these significant gains once Bitcoin consolidates. 

In a video posted on his YouTube Channel, Michaël van de Poppe elaborated on the correlation between Bitcoin and these altcoins. The analyst stated that Bitcoin hitting new highs means that there is more money in the market and that this money will rotate to other crypto tokens soon enough. 

Once that happens, he expects these altcoins to make significant returns that might be underestimated because of the bear market stigma. Meanwhile, Michaël van de Poppe predicts that altcoin season will come in different rounds. The first one will see these crypto tokens coming close to their all-time high (ATH) or even breaking it, as seen with some already. 

The Best Time To Have Bought Altcoins 

Michaël van de Poppe had previously prepared his followers for this imminent altcoin season when he advised them on the right time to buy these crypto tokens. Back then, he mentioned that the best time to invest in altcoins was “6-10 months prior to the Bitcoin Halving.”

The analyst called that one correctly, seeing as altcoins have made significant runs since then alongside Bitcoin. AI and Meme coins, in particular, have led the way, with tokens like the foremost meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), seeing a significant increase in their market cap. 

Despite the tremendous run these tokens have made so far, there still seems to be an opportunity for investors to position themselves, considering that Michaël van de Poppe mentioned that they are still undervalued. 

Litecoin has emerged as a standout performer in the cryptocurrency payments sector, overtaking prominent digital currencies such as Dogecoin, Bitcoin, and Ethereum as the top choice for crypto payments on leading Bitcoin payment service provider, Bitpay.

Litecoin At The Forefront Of Crypto Payments

In a recent announcement on X (formerly Twitter), the Litecoin team revealed that LTC has claimed the top spot as the most preferred cryptocurrency for payments on Bitpay. Sharing a chart of Bitpay’s payment count by cryptocurrency, the team disclosed that Litecoin has hit a recent milestone, scoring approximately 41.76% of the platform’s total transaction count.

Bitpay’s official website has also acknowledged this significant achievement, confirming that “Litecoin is the cryptocurrency most commonly used for transactions” on its payment platform. Surging higher than popular cryptocurrencies such as Bitcoin and Dogecoin, Litecoin has achieved this milestone by a staggering margin. 

Bitpay’s data disclosed that Bitcoin’s transaction count hovered at 24.36%, marking a notable decrease of 17%, compared to Litecoin. Meanwhile, Ethereum lags, barely hitting the double-digit mark with a modest 9.05% on Bitpay’s payment count. 

Even as prominent altcoins like Dogecoin attempt to make their mark, LTC has left them trailing behind. Dogecoin, holding the 4th position in Bitpay’s transaction count, only managed to score 6.8% in the total transaction count. 

Adding to this recent achievement, the Litecoin Foundation had previously disclosed in January 2024, that Litecoin had hit “a new all-time high of 38.25% on all payments” processed through Bitpay, outpacing both Bitcoin and Dogecoin again. This development underscores the cryptocurrency’s prominence and robust fundamentals, surpassing expectations as it sets a new standard for digital payments. 

With the latest surge, boasting over 40% in Bitpay’s total transaction count, Litecoin continues to make substantial strides, leveraging the potential opportunities amid the rising adoption rates and surge in user confidence. 

LTC Fundamentals Grow Stronger

As Litecoin dominates in crypto payments, it’s worth noting that the cryptocurrency has also been growing stronger in its fundamentals.  As stated by a crypto community member and Litecoin supporter, LTC is witnessing its most bullish year, quickly taking advantage of the positive trends in the crypto market. 

The crypto member also suggests a shift in the coin’s market sentiment, underscoring the rising interest from investors and traders in the cryptocurrency’s value and future prospects. Currently, the price of Litecoin is steadily approaching the $100 milestone, effectively leveraging its ecosystem’s developments to boost its value and adoption rates. 

At the time of writing, the cryptocurrency is trading at $88.00, indicating a substantial 25.02% gain over the past month, according to CoinMarketCap. 

Featured image from Pexels, chart from TradingView