Are Altcoins About To Rise? Crypto Analyst Weighs In On ‘Depression Phase’ | Headlines | News | CoinMarketCap

09/12/2023 14:43
Are Altcoins About To Rise? Crypto Analyst Weighs In On ‘Depression Phase’ | Headlines | News | CoinMarketCap

Altcoins have endured a prolonged period of stagnation characterized by exceptionally low prices. However, according to crypto analyst Michaël van de …

Altcoins have endured a prolonged period of stagnation characterized by exceptionally low prices. However, according to crypto analyst Michaël van de Poppe, these digital assets may be gearing up for a significant upward trend. 

Van de Poppe’s insights are grounded in the widely acknowledged Wall Street Cheat Sheet, a chart that maps the psychological phases that investors typically navigate during volatile market cycles. 

In this context, the current phase corresponds to what is colloquially known as the “depression” phase, where prices reach extreme lows.

Altcoins ‘Depression’ Phase And Its Telltale Signs

The depression phase in the crypto market is marked by a sense of despondency, as prices slump to their lowest levels, leaving many investors disheartened. During this …

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