Will Altcoins Dethrone Bitcoin This Q4? πŸš€πŸ’°

As Q3 draws to a close, the altcoin market faces turbulent seas, leaving investors clutching their pearls in anticipation of what Q4 might bring. πŸŒŠπŸ’Ž

September, the month where caution is the name of the game, sees Analyst Michael Van De Poppe predicting a dramatic twist. He foresees certain tokens shining brighter than the stars in the night sky, defying the usual gloom and doom. 🌠

Repeating History? Not a Chance!

In the annals of crypto history, September has been the month of woe, with Bitcoin and altcoins often taking a nosedive. Bitcoin, the mighty titan, has historically lost an average of 5% during this month, dragging its lesser kin down with it. πŸ“‰BTC

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Yet, in a conversation with BeInCrypto, Michael Van De Poppe suggests that this year might break the mold. He argues that altcoins are in a prime position to weather Bitcoin’s seasonal storm, thanks to favorable conditions. 🌈

β€œThis cycle is as different as a donkey from a duchess, and I believe it will continue to defy expectations. We’ve seen corrections in August followed by a bullish September in recent years. I predict we’ll soon be at the end of the correction, signaling that altcoins will outshine Bitcoin, leading to a bullish Q4.”

FOMC Rate Decision: A Breath of Fresh Air?

A ray of hope comes from the Federal Open Market Committee (FOMC) meeting. The U.S. central bank is expected to cut interest rates for the first time this year, reducing them from 4.25% – 4.50% to 4.00% – 4.25%. πŸ¦πŸ“‰

The CME FedWatch Tool gives this a whopping 88% chance, boosting investor spirits. A rate cut could ease financial conditions, enhance liquidity, and bolster high-risk assets like cryptocurrencies. For altcoins, this could mean a flood of new investments seeking growth. πŸ’¦πŸ’Έ

β€œThe climate hasn’t been ideal for risk-on assets like altcoins. However, with Ethereum leading the charge, the crypto market is poised to thrive once the rate cut and monetary expansion kick in. This phase is reminiscent of Q4 2019 or Q1 2020.”

$10 Billion Token Unlocks: A Double-Edged Sword?

Amidst the cautious optimism, September will see token unlocks worth nearly $10 billion for both BTC and altcoins. These unlocks usually flood the market with supply, suppressing gains and triggering sell-offs. βš”οΈπŸ’°

However, the broader market’s bullish cues might soften the blow. Improved sentiment and macroeconomic support could help altcoins absorb the influx of supply. πŸ›‘οΈπŸš€

β€œToken unlocks are often rolled over through new OTC contracts, minimizing their impact. Coins without upcoming unlocks are likely to outperform those that do. This is a crucial factor to consider when crafting your investment strategy.”

Altcoins To Watch: The Elite Few

Michael, in his wisdom, points to the DeFi and DePIN sectors, along with the ETH ecosystem, as the altcoins to watch in the coming days. πŸŒπŸ’Ό

β€œThese three sectors are primed for success, with early signs already evident. Chainlink is showing promise, and the stablecoin sector is expanding rapidly.”

Chainlink’s price has climbed 5% in the past 24 hours, trading at $23.64. It’s attempting to solidify $23.40 as a strong support level, which could stabilize the coin and attract more investors. πŸ“ˆ

The Parabolic SAR, currently above the candlesticks, is shifting downward, indicating a potential uptrend. If this momentum continues, Chainlink could aim for the $25.81 resistance, strengthening its recovery. 🎯

If the broader market remains bearish, LINK may struggle to maintain its upward trajectory. Failing to hold $23.40 could lead to a decline, potentially pushing the price to $22.06 or lower, undermining the short-term bullish outlook. πŸ“‰

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2025-09-10 02:24