In anticipation of the expected growth in the dynamics of the cryptocurrency market, Michaël van de Poppe has adjusted his positions. The expert, who believes that a bullish market can still develop, is investing in altcoins after previously abandoning Bitcoin (BTC) in May.
In a video on YouTube, published on October 17, van de Poppe shared the latest updates to his portfolio, focusing on new altcoins that he believes have greater growth potential compared to older, more established coins and tokens.
Coins Held by Michaël van de Poppe
To start, it's important to note that the expert continues to hold the following altcoins in his portfolio (which he previously recommended for purchase): Optimism (OP), Celestia (TIA), Bittensor (TAO), and Ethereum Name Service (ENS). The main point made by the expert is that profits gained from new, more volatile altcoins should be used to increase positions either in these four coins or in Sui (SUI) for traders with a higher risk tolerance, or even in BTC and Ethereum (ETH).
While he remains generally optimistic about this "old guard" of coins, he has doubled his positions in search of extraordinary profits. Let's discuss the new coins in a bit more detail.
Renzo (REZ)
Renzo is a lesser-known asset — with a total market capitalization of just $67 million, it has yet to achieve widespread recognition, although it has started trading on major exchanges.
The analyst noted a 18-cent peak for the cryptocurrency on June 6, which occurred after its listing, and recommended that traders begin to close their positions once the price reaches that level again.
Currently, REZ is trading at $0.04135, which is a 15% increase over the past 30 days.