Altcoins Will Soar High When Recession Hits! – Michael Van De Poppe

<p>&nbsp;"Hmm I hope so, but don't be too sure."</p><p><br /></p><p>Michael van de Poppe, a widely followed cryptocurrency analyst told his 663,800 followers on his X account that the altcoin is about to bounce back from its recent slump.</p><p><br /></p><p>However, altcoins are more likely to be in bearish momentum in the eight to 10 months before the BTC halving event takes place, which is a period when most are negative about crypto price movements, Poppe further commented.</p><p><br /></p><p>Please note that traders keep a close eye on the Bitcoin (BTC) to Ethereum (ETH) trading pair chart as it often shows larger movements in the altcoin market.</p><p><br /></p><p><br /></p><p>Following the streak, Poppe expects altcoins to emerge from a downward trend in the coming months following previous altcoin prices successfully breaking away from bullish movements in 2019 and 2015.</p><p><br /></p><p>There is no denying that many investors fear a recession, but Poppe is confident that the entire crypto market will soar when that event occurs.</p><p><br /></p><p>He also encouraged investors to buy as many altcoins as possible if they don't already have them and hold the digital asset for two years.</p><p><br /></p><p>Currently, the price of several altcoins such as Cardano (ADA) has recorded a decrease of 2.28% at $0.26 in the last 24 hours while Solana (SOL) has slipped around 1.08% at $21 with a market capitalization of $8 billion.</p>