Crypto analyst Michael van de Poppe says this week’s market action has shown that most altcoins still lack strong conviction. According to him, altcoins continue to move alongside Bitcoin, but the moment BTC slows down or corrects slightly, many of them fall much harder.
The analyst admitted that he made a mistake in switching funds between altcoins too early during the recent volatility. Instead, he now prefers a more patient and selective approach while Bitcoin remains near local highs.
Altcoins to buy this week
Hyperfluid (HYPE)
Van de Poppe pointed to Hyperliquid as one of the strongest opportunities right now as it helps reduce portfolio correlation. Unlike many altcoins that move right along with Bitcoin, HYPE offers slightly different market behavior, making it a more attractive positioning choice during volatile conditions.
Wormhole (W)
The analyst recently added Wormhole around the $0.0160 region after changing part of his Renzo position. While he later admitted the timing was aggressive, he still seems optimistic about Wormhole’s longer-term stance after the recent market pullback.
Renzo (REZ)
Despite reducing part of his holdings, Van de Poppe still sees value in Renzo. However, he stressed that after a massive 150% rally from the lows, traders should focus more on buying dips rather than chasing strength.
Altcoins to ignore this week
Optimism (OP)
Van de Poppe became more cautious about optimism after the recent run-up. According to him, coins that have already risen sharply in recent weeks could struggle if Bitcoin faces another correction, making aggressive new entries riskier at this time.
Why the analyst remains cautious
The analyst explained that correlations between altcoins remain extremely high at the moment. That means if Bitcoin falls 3-4%, many altcoins could easily fall 15-25%.
Therefore, he now prefers to hold larger cash positions and wait for better entry opportunities during sharp corrections, rather than having to constantly switch between assets.
For now, Van de Poppe says the broader correction may be nearing an end, but traders should still remain patient as volatility between altcoins remains very high.
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