Crypto Analyst Michael van de Poppe reassures that losses in crypto investments should not be dreaded, emphasizing the potential for eventual recovery.
“The past few weeks have shown that losses can be erased in a matter of a few weeks,” he stated.
Analyst Suggests No Defined Timeline for Crypto Losses
Van de Poppe highlights that fear serves as the primary hurdle for investors in making intelligent investment choices. Overcoming the perplexity of whether it’s too late to buy or if it’s an opportune moment to make a purchase is crucial.
“Since then, if you were holding your positions, you would have had to endure a long period of sideways or downwards movements. Chainlink, for instance, has been consolidating in a range for more than 500 days and, when it breaks out of the range, it overshoots towards $16 and possibly even higher.”
Recent Speculations Surrounding Altcoins
At the time of publication, Chainlink (LINK) price stands at $15.36. In the last 7 days, the price of Chainlink has experienced a 23.07% increase.
Learn more: 11 Hot Meme Coins and Altcoins that Trend in 2023
This occurs amidst ongoing speculation surrounding the anticipation of price fluctuations in the upcoming months for various altcoins.
BeInCrypto is keeping an eye on smaller altcoins with bullish formations, possibly leading to significant gains next month. Coins within the market capitalization rankings ranging from 150 to 300 are being analyzed.
However, PENDLE is among these altcoins people are watching. PENDLE’s price has increased swiftly since August. The rate of increase especially accelerated during the last four weeks, leading to a high of $1.07 today.
Bancor (BNT), another altcoin on the watchlist, stayed beneath the $0.65 horizontal resistance zone since May 2022.
Despite numerous breakout attempts, it consistently fell short. However, in the previous week, the altcoin successfully surpassed this level, marking a fresh high at $0.84.
Learn more: What Are Altcoins? A Guide to Alternative Cryptocurrencies
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