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<p>The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/altcoin-market-gains-106-billion-in-four-weeks-is-this-the-best-time-to-buy-altcoins/">Altcoins Gain $106 Billion in 4 Weeks: Is It Time to Buy?</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In the past four weeks, the <a href="https://coinpedia.org/press-release/altcoins-xrp-shib-btcs-skyrocket-as-bitcoin-price-rally-pauses/">altcoin market</a> soared by an impressive $106 billion. This boost comes as a relief to investors who’ve weathered a bumpy ride over the last twelve to eighteen months. The market’s newfound stability has stirred up mixed emotions, as traders look forward to the upcoming end-of-year rally. Historically, both Bitcoin and the altcoin market have rewarded investors in the weeks leading up to December 18. </p> 
<p>However, this has also fueled speculation, leaving traders managing potential profits and losses amid increased market ups and downs.</p> 
<h2 class="wp-block-heading" id="h-altcoins-vs-bitcoin">Altcoins vs. Bitcoin</h2> 
<p>At present, investing in altcoins appears to offer the potential for higher returns compared to <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin</a>. This is mainly due to the diminishing returns effect. Amsterdam-based cryptocurrency analyst Michaël van de Poppe recently shared insights on Twitter, suggesting that well-positioned portfolios could yield significant gains over the next six months as altcoins experience gradual breakouts. </p> 
<p>It’s worth noting that Poppe’s optimism about altcoins is grounded in the four-year cycle associated with <a href="https://coinpedia.org/news/bitcoin-halving-is-just-5-months-away-things-to-know/">Bitcoin’s halving events</a>.</p> 
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   <p lang="en" dir="ltr">The best time to buy <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> is still now.<br><br>We're 6 months before the Bitcoin halving is going to take place and altcoins are slowly breaking out. <br><br>It's just barely a start, there's more upside to come and you can still position yourself well. Cycles take place. <br><br>Here's why:… <a href="https://t.co/EgZpmCa1fo">pic.twitter.com/EgZpmCa1fo</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1721188995764216200?ref_src=twsrc%5Etfw">November 5, 2023</a>
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<p>Also Read: <a href="https://coinpedia.org/price-analysis/short-term-altcoin-surge-whats-driving-the-market-this-month/">Short-Term Altcoin Surge: What’s Driving the Market This Month?</a></p> 
<h2 class="wp-block-heading" id="ethereum-sets-an-example">Ethereum Sets An Example </h2> 
<p>To illustrate this potential, Poppe pointed to <a href="https://coinpedia.org/information/market-price-prediction-ethereum-2019/">Ethereum (ETH)</a>, the leading smart contract and DeFi blockchain with over $23 billion in total value locked (TVL). During the 2021 bull cycle, Ethereum’s value surged an impressive 60 times. </p> 
<p><strong>A Note to Traders</strong></p> 
<p>Given this, Poppe advised traders to proceed with caution, recommending small profit-taking of 5-15 percent after a 10 percent price increase. On the flip side, when altcoins experience dips of 20-50 percent during the relief rally, Poppe suggested reallocating more funds, as these moments represent promising opportunities for traders.</p> 
<p>Read More: <a href="https://coinpedia.org/news/top-crypto-events-to-watch-next-week-ripples-discussion-with-sec-bitcoins-40k-goal-grab-attention/">Top Crypto Events To Watch Next Week: Ripple’s Discussion With SEC, Bitcoin’s $40K Goal Grab Attention</a></p> 
<p><strong>What altcoins are you most bullish on right now?</strong></p>

Altcoins Gain $106 Billion in 4 Weeks: Is It Time to Buy?

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