Crypto expert predicts that altcoin market cap will break out soon above $800 billion

 Crypto price prediction:

 Crypto analyst Michaël van de Poppe believes altcoin market capitalization could breakout above $800 billion soon

 

The crypto market recently went through a tough correction, as noted by analyst Michaël van de Poppe. This correction was particularly harsh for several altcoins, leading to a 4% drop in the overall market capitalization. However, van de Poppe believes this correction is temporary and expects a significant breakout soon, which could push the market cap above $800 billion.

Within the meme coin sector, Dogecoin stands out as the largest asset by market capitalization. Crypto analyst advises traders to consider buying Dogecoin to take advantage of the ongoing meme coin craze. He predicts that Dogecoin could surge to $0.50 or even higher within the next six to twelve months.

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Another analyst, who tweets under the handle @DaanCrypto, has been tracking the performance of various altcoin sectors over the past week. A comparison chart shows how different sectors like meme coins, Artificial Intelligence (AI) tokens, and Layer 1 tokens have fared. AI tokens struggled initially but started to recover later in the week, while Layer 1 tokens and meme coins emerged as the top performers.

Overall, while the recent correction in the crypto market has been challenging, analysts remain optimistic about a strong recovery and potential growth in specific sectors. With predictions of significant breakouts and promising performances in areas like meme coins and Layer 1 tokens, the future looks bright for the crypto market.