Popular crypto analyst Michael van de Poppe has shared a list of altcoins that he believes are likely to show the best growth after the recent decline in the crypto market.
The analyst paid special attention to the tokens of artificial intelligence projects. Let’s figure out why Michael van de Poppe believes in these altcoins so much.
Top Altcoins According to an Experienced Analyst
Renowned crypto analyst Michael van de Poppe analyzed how altcoins are recovering from the recent big correction. He noted that tokens from three segments performed best: memecoins, artificial intelligence (AI) projects, and decentralized physical infrastructure networks (DePIN).
Bittensor (TAO)
At the moment, the altcoin Bittensor is the leader among AI tokens. At the time of writing, TAO is trading at $280.31, having fallen by 3.5% in a day. At the same time, over the past seven days, the token has risen in price by 9.4%.
Michael van de Poppe believes that TAO could deliver another 5 to 10x in the near future. This would be a continuation of the impressive 70+% run from the lows that has caught the attention of many traders.
The Relative Strength Index (RSI) on Bittensor is currently above 50. This only confirms that the AI token is bullish.
Aave (AAVE)
The next altcoin that is looking promising is AAVE. At the time of writing, it is is being traded at $95.55, without showing any clear dynamics over the past 24 hours.
Michael van de Poppe notes that Aave is currently in a long horizontal consolidation without significant drops. The analyst calls this a strong indicator. He also highlights two more bullish signs: the formation of higher highs in the pair with USDT and significant accumulation in the pair with BTC.
On-chain metrics also paint a favorable picture for the cryptocurrency. The total value of assets locked (TVL) on the Aave blockchain has reached $11.5 billion. At the same time, the market capitalization already exceeds $1.4 billion.
All of the above factors are a harbinger of strong growth for AAVE, van de Poppe believes.
Recently, the DeFi protocol Aave shared an updated roadmap with the public. The team promises that a very large-scale upgrade awaits the ecosystem as early as mid-2025.
Aevo (AEVO)
The list is closed by the altcoin AEVO. As of the time of writing, it is trading at $0.3596, having slightly decreased by 2.5% in 24 hours. Over the past seven days, the token has risen in price by 12.4%.
The analyst particularly notes the prospects of Aevo. From a technical point of view, van de Poppe draws attention to the bullish divergence in the relative strength index (RSI), where the RSI shows higher lows paired with lower highs of the asset price. According to the expert, this indicates a growing bullish momentum.
On the daily chart of AEVO, Michael van de Poppe also noticed a falling wedge pattern. This pattern is often considered a sign of a bullish reversal, especially if the price breaks the upper trend line.
The altcoin season is definitely one of the most anticipated events of the year. Only some analysts think that it is not worth waiting for at all.
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Source: Cryptocurrency
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