'Don't Be Afraid': Top Crypto Analyst Shares His Plan To Buy Dogecoin, Shiba Inu And Other Altcoins For Potential 5X Gains Post Correction

Rounak Jain

March 16, 2024

Crypto analyst Michael van de Poppe has advised investors to remain calm despite the recent dip in Bitcoin’s (CRYPTO: BTC) value. The analyst has suggested that these market corrections could be viewed as buying opportunities for traders.

What Happened: The analyst suggested that these market corrections could be considered buying opportunities for traders, especially Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB) and other altcoins.

Van de Poppe, who has over 702,600 followers on X, said that the recent dip in BTC’s value was expected from a technical standpoint. He also believes that the current market correction could be an indication that the pre-halving peak is near.

See Also: Bitcoin, Ethereum, Dogecoin Trade Mixed As ETH Finalizes ‘Dencun’ Upgrade

"Don’t be afraid, we’re at the start of a bull cycle. Enjoy the dips."

Don't be afraid, we're at the start of a bull cycle.

Enjoy the dips.
— MichaÃ«l van de Poppe (@CryptoMichNL) March 15, 2024

He further predicts that altcoins are likely to follow Bitcoin to an all-time high – Van de Poppe thinks there is potential for a two to five times jump in altcoins once the correction in BTC is over.

My personal gameplan:

▫️ Having some cash reserves at this point to anticipate a potential correction.
▫️ Using those cash reserves to position more into #Altcoins.
▫️ Riding for a potential 2-5x on altcoins after the correction is over.
▫️ Rotating most towards #Bitcoin.
— MichaÃ«l van de Poppe (@CryptoMichNL) March 15, 2024

Why It Matters: The recent dip in BTC’s value has sparked a range of reactions from market analysts.

A 10x Research report suggested that BTC could decline to $63,000, warning of “fragile” market segments and potentially volatile returns.

Meanwhile, a BitMEX crypto trader has suggested that Bitcoin’s rally is over, pointing to several bearish indicators.

Despite these warnings, El Salvador President Nayib Bukele has reaffirmed the nation’s commitment to its daily Bitcoin acquisition program, stating that the program will continue until Bitcoin becomes “unaffordable with fiat currencies.”

Price Action: At the time of writing, Bitcoin was trading at $69,260, up 1.54% in the last 24 hours, according to Benzinga Pro.

Read Next: ‘Dogecoin To The Moon’ — Elon Musk Just Broke His Long Silence On DOGE And If Tesla Will Accept The Good Boi Anytime Soon

Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

Photo courtesy: Shutterstock

Recommended

Mystery of the Rich and Connected Revealed - Ad

Federal Gov't Adopts Radical New Tech -- Forecast Growth 24,290% - Ad

$25 AI Stock Could Deliver Life-Changing Windfall - Ad

Popular

Top 3 Consumer Stocks That Could Blast Off This Month

Here's the latest list of major oversold players in this sector.

Competition For Disney? Comcast To Offer Streaming Bundle Of Apple TV+, Netflix, Peacock At 'Vastly Reduced' Price

Comcast is set to introduce a new streaming bundle featuring Apple TV+, Netflix, and Peacock, a service by NBCUniversal.

The Next Nvidia?

The Next Nvidia? - Ad

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

Trump Vs. Biden: 2024 Election Poll Shows Tie Broken -- Which Candidate Gains Support From His Party, Independent Voters?

A new 2024 election poll shows a close race between Donald Trump and Joe Biden. One candidate gained ground with their party and Independent voters.

Biden Vs. Trump Contest Could Be Lost Cause For One Candidate If History Were Anything To Go By, According To Pollster

The 2024 election is viewed as closely contested at this stage, with no clear lead emerging, but historical trends suggest a likely winner.

Biggest Hedge Fund Manager Has Huge Warning for U.S. Dollar."

Biggest Hedge Fund Manager Has Huge Warning for U.S. Dollar." - Ad

Ray Dalio, the founder of Bridgewater has gone public with a huge waning about the U.S. dollar. He says: "We are printing too much... money as we know it is in jeopardy." Multi-millionaire analyst Porter Stansberry agrees and says a very lucrative new form of money is emerging in America. Should you get it? Stansberry explains full story here...

Wall Street Jumps To All-Time Highs On Soft Inflation, Bond Yields Tumble, Bitcoin Soars, Meme Stocks Face Carnage: What's Driving Markets Wednesday?

The S&P 500 and the Nasdaq 100 indices rose to fresh record highs during morning trading on Wednesday following a broadly in-line inflation report and cooler-than-expected retail sales data for April, as traders increased their rate cut bets.

Embed-Chart-Off The Charts-Home Inventory-For Sale, ADVISORY

OFF THE CHARTS-HOME INVENTORY — Chart. More homes are on the market than a year ago, but rising mortgage rates remain a hurdle for many. This chart is current as of 05 15, 2024 and will not update. Sources: Realtor.com; Freddie Mac. Click for a .

PASSIVE INCOME (by this evening)

PASSIVE INCOME (by this evening) - Ad

Hey, I have an unique opportunity for those looking for additional ways to earn income right now. It can be done from home. You can do it in your spare time. And it only takes 6 clicks and as little as $50.

Trump Meets With DeSantis, Noem Stirs Up Controversy: How Will Republican Vice President Betting Odds Be Impacted?

The relationship between Donald Trump and Ron DeSantis was heated at times during the Republican primary season, before the Florida governor dropped out of the 2024 presidential election and threw his support behind the

Australian judge says it is unreasonable to require X to hide video of church stabbing for all users

MELBOURNE, Australia (AP) — An Australian judge said it would be unreasonable for the country's internet safety watchdog to require social platform X to hide video of a bishop being in a Sydney church from all of its users globally, as he explained his decision to lift a that had required X to hide the video of the attack.

Buy This Next Gen Crypto Before Its Big Upgrade

Buy This Next Gen Crypto Before Its Big Upgrade - Ad

Experts predict this one crypto will soar 7,200% by the end of the decade... and grow 20X bigger than bitcoin. But you must get in before it's big.

Joe Manchin Expresses Disappointment In Congress' Inaction Over Nation's Rising $35 Trillion Debt: 'It's A Shame ... No One Cares About It'

The initiative for a bipartisan commission to address the United States' escalating $34.6 trillion debt appears to be stalling in Congress. What Happened

Top 4 Health Care Stocks Which Could Rescue Your Portfolio This Month

The most oversold stocks in the health care sector presents an opportunity to buy into undervalued companies.

Market Warning: Is BTC is Just the Start?

Market Warning: Is BTC is Just the Start? - Ad

Missed out the AI craze, or BTC's 40% jump? 50-year Wall Street veteran Marc Chaikin just detailed another way to play this market rally.

Cathie Wood's Ark Invest Snaps Up $3.54M Worth Of Shares In This Biopharma Company Following Positive Obesity Pipeline Update

As the demand for obesity drugs continues to surge, biopharma companies are eagerly seizing the opportunity to capitalize on the trend.

Once Vehicles For Republican Presidents To Connect With Southern Whites, Motor Sports Are Shifting Away From Trump

The fading sway of Trump in motor sports suggests the breakup of the conservative-racing connection, as shown by recent developments at the Miami Grand Prix.

Elon Musk Humiliated

Elon Musk Humiliated - Ad

Since Jeff Bezos and Elon Musk first met in 2004 -- they've been involved in a bitter feud... from rockets, to electric vehicles to who's the world richest person...for going on two decades these two have been at each others throats... But what happened on December 31st 2021 just took this rivalry to a new level and humiliated Elon Musk.

US weekly jobless claims hit highest level since August of 2023, though job market is still hot

The number of Americans applying for unemployment benefits jumped to its highest level in more than eight months last week, another indication that the red hot U.S. labor market may be softening.

GOP Lawmakers In Ohio Finally Approve Rules Allowing Cannabis Sales To Begin In June, Existing Medical Marijuana Dispensaries Can Join In

Ohio lawmakers clear rules for medical and recreational marijuana programs, allowing existing retailers to apply for dual-use dispensary licenses.

Could Elon's New Device be Bigger than the iPhone?

Could Elon's New Device be Bigger than the iPhone? - Ad

According to 30-year Silicon Valley and Wall Street veteran, Eric Fry... A man who picked 41 plays that jumped 1,000%+... This mind-blowing new technology could be bigger than the iPhone. And it could make a lot of people wealthy in the coming months and years.

'AI Is Important...For The Way We Deter Wars,' Says Anduril Founder After Winning US Air Force Contract To Develop Autonomous Fighter Jets

This comes amid a potential surge in defense spending by Western nations to counter Russia and China's growing military power.

The SEC charges Trump Media's newly hired auditing firm with 'massive fraud'

SAN FRANCISCO (AP) — The Securities and Exchange Commission on Friday charged an auditing firm hired by Trump Media and Technology Group just 37 days ago with “massive fraud” — though not for any work it performed for former President Donald Trump’s media company.

READ THIS If You Missed Out on the AI Boom

READ THIS If You Missed Out on the AI Boom - Ad

Radical new biotechnology predicted to grow 320,000% in 3 years. Nvidia's CEO calls it "the next amazing revolution." And one small company poised to dominate this revolution trades for just $10.

Shell Exits Chinese Power Market, Eyes Gas Growth: Report

Shell reportedly exits China's power markets, focusing on bolstering profitability in natural gas and oil sectors. The move reflects a commitment to invest selectively in profitable ventures within the power sector, aligning with CEO Wael Sawan's vision.

These 10 Large Cap Stocks Shined Brightest Last Week (May 5-May 11, 2024): Are They In Your Portfolio?

Toast, Teva, Vistra, Equinix, Applovin, IFF, Constellation, Emerson, IP, and STERIS were top performers last week. Are they in your portfolio?

Investors See "All-Hands-On-Deck" Signal for AI

Investors See "All-Hands-On-Deck" Signal for AI - Ad

With an AI gold rush sweeping the globe, the world's richest men are piling in. Tech magnates like Bill Gates, Jeff Bezos, and Mark Zuckerberg have been spending billions to keep up with the AI boom. The tech companies themselves are one a buying spree of young companies with the next generation of AI technology.

Here's How Much A Super Bowl LIX Commercial Will Cost, How Fox Corporation Stock Could Benefit

Super Bowl LIX is months away, but it's already time to talk about the commercials with a high price tag already reported.

Three groups are suing New Jersey to block an offshore wind farm

LONG BEACH TOWNSHIP, N.J. (AP) — Three anti-wind power groups are suing New Jersey to overturn a key environmental approval for a wind energy farm planned off the coast of Long Beach Island.

Prescient CEO Makes Shocking New Prediction

Prescient CEO Makes Shocking New Prediction - Ad

Known for his eerily accurate market calls over the years, this CEO has just revealed his newest prediction about "America's New Money." Get the details before it's taken offline.

Red Lobster closes dozens of locations across the US just months after 'endless shrimp' losses

NEW YORK (AP) — Dozens of Red Lobster locations across the U.S. are on the chopping block.

'Charlie And I:' Warren Buffett Reminisces About Late Friend, Whom He Credits As 'Architect Of Today's Berkshire'

Warren Buffett's trusted confidant, Charlie Munger, continues to have a lasting impact on the billionaire investor, evident in Buffett's frequent references to Munger during the shareholder meeting.

America Just Hit a Grim Milestone

America Just Hit a Grim Milestone - Ad

Nearly half of U.S. households currently hold no retirement savings. Retirement expert Dr. David Eifrig says what happens next will separate a small number of winners from a very large number of losers. Learn how to protect yourself and your money with his four simple steps that he shares right here.

Rio de Janeiro set for Madonnaâ€™s massive Copacabana beach concert that will be her biggest ever

RIO DE JANEIRO (AP) — Madonna will give a free concrete on Copacabana beach Saturday night, turning its vast stretch of sand into an enormous dance floor. It comes after Rio de Janeiro spent the last few days readying itself for the historic performance by the “Queen of Pop.”

Asia Up, Europe Mixed, While Yen Surges Against Dollar - Global Markets Today While US Slept

US stock markets closed higher, driven by strong earnings and mild inflation data. Asian markets also gained, while eurozone and oil prices dipped.

Regime Change At Federal Reserve?

Regime Change At Federal Reserve? - Ad

The Fed just began the rollout of a new technology that'll "shake the US financial system". It'll likely go down in history as the biggest change to money since Western Union launched its "lightning lines" in the early days of the telegraph.

Embed-Map-Marijuana-State Laws, ADVISORY

MARIJUANA-STATE LAWS — Map. This AP digital embed map shows the status of state marijuana laws for recreational and medical use. The Biden administration is considering reclassifying marijuana, which remains illegal at the federal level, as a less dangerous drug. This map is current as of May 3, 2024, and will not update. Source: Marijuana Policy Project.

Edmunds: Trade or sell your car? What's best might surprise you

There’s never been a more critical time to know whether it’s better to sell your car privately or trade it in.

Central Banks Buying Gold in Record Numbers

Central Banks Buying Gold in Record Numbers - Ad

Most folks have completely missed the fact that the world's Central Banks have been quietly gobbling up as much gold as they can... Stacking it in their locked vaults on pallets in record numbers. Find out why right here (and see what you can do to get in too with just a few dollars).

Federal Judge Indefinitely Postpones Donald Trump's Classified Documents Trial

The trial of ex-President Donald Trump for retaining classified documents has been postponed indefinitely by a federal judge.

Trending Now

Tesla CEO Elon Musk Says China Is 'Awesome' After Biden Escalates EV Tariff Battle: 'Those Who Have Not Visited Have No Idea'

Jim Cramer Advises Investors To Stick With Good Companies Despite Short-Term Losses: 'You Just Need To Figure Out Which Companies Deserve Your Confidence'