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Renowned crypto analyst Michael van de Poppe predicts that the XRP price surge of 413% in the past month signals a profit rotation into other high-potential altcoins.
XRP’s bullish momentum continued in the last week, with the altcoin’s price soaring another 82% during this period to trade at $2.64 as of 5:11 a.m. EST.
But the third-biggest altcoin by market capitalization only registered a slight increase in the last 24 hours, prompting some analysts to wonder if it has peaked, and how quickly that will prompt traders to look for new opportunities.
XRP Price Surge Signals The Start Of The Altcoin Season – Will DOGE Be The Next Crypto To Explode?
In the past, Bitcoin’s dominance has been used to gauge when an altcoin season would kick off. Traders generally interpreted a decrease in the leading crypto’s market share as an indication of capital being re-allocated toward the altcoin market. However, this bull market seems to be different.
Van de Poppe told his more than 747.4K X followers in a Dec. 3 post that XRP has become “the prime indicator for altcoin strength.”
$XRP is THE prime indicator for #Altcoin strength.
The last time this explosive move happened, it was the start of the altcoin period.
I'm expecting the same, a big rotation from XRP towards other altcoins, likely to do similar moves as XRP did. pic.twitter.com/m1Qgs2hp0c
— Michaël van de Poppe (@CryptoMichNL) December 3, 2024
“The last time this explosive move happened, it was the start of the altcoin period,” the analyst said. Now, van de Poppe believes “a big rotation from XRP towards other altcoins” will soon take place.
Pseudonymous analyst and trader Wizz also believes a capital rotation will happen soon. However, the X user predicted that leading meme coin Dogecoin (DOGE) will benefit from this capital movement. DOGE has not performed as well as XRP in the last month, but still posted a 165% gain in the last 30 days.
Wizz’s bullish outlook for the leading meme coin comes after US President-elect Donald Trump named Elon Musk as one of the people who will run the proposed Department of Government Efficiency, known by the ticker DOGE.
Dogecoin has frequently benefitted from news around the new department because Musk has long been a fan of the biggest meme coin by market capitalization.
High-Potential Cryptos Poised To Benefit From Capital Rotation After XRP Price Surge
Presale tokens are also likely to be beneficiaries of the rotation of profits into high-potential cryptos.
Among analyst favorites right now are hot projects that include Crypto All-Stars (STARS), Wall Street Pepe (WEPE) and Best Wallet (BEST).
Crypto All-Stars offers an innovative staking solution that enables investors to stake almost a dozen leading meme coins on a single platform for the first time. Investors are flocking to the project to put their meme coin portfolios to work to earn passive rewards, which are paid out in the project’s native STARS token.
👾Can’t Stop! Won’t Stop!👾
There’s a party at the All-Stars house and it’s not slowing down anytime soon!
8 Million is a massive milestone and with this kind of support Crypto All-Stars is sure to go down in meme coin history! 🔥👾✨ pic.twitter.com/Mw11M6F1ys
— Crypto All-Stars (@all_stars_coin) December 3, 2024
Meanwhile, WEPE Token aims to flip the script on large Wall Street traders by empowering smaller crypto investors. Traders might turn to the project for its valuable insights to maximize their returns in the next bull run, which is expected to become turbocharged after Trump’s inauguration in January.
Another candidate to receive XRP profits is Best Wallet a powerful self-custody wallet solution that gives investors all the tools they need to manage and grow their crypto portfolios. By simply holding BEST, crypto investors gain access to the full suite of tools Best Wallet has to offer.
But it’s more than just a crypto wallet and investors are also piling into the crypto, which has raised more than $2.1 million, because of its Upcoming Tokens feature, which flags some of the best new presales in the market.
Tokens it’s flagged recently include Pepe Unchained (PEPU), the most successful presale of the year with almost $70 million in funds raised, and Catslap (SLAP), which has surged 34% in the past 24 hours and 180% in a week as its addictive slapping game goes viral with players across the world having already unleashed more than 147 million slaps.
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