A widely followed crypto analyst says altcoins are ready for the next big leg up while predicting a huge rally for one Chainlink (LINK<\/a>) competitor.<\/p>\n In a new thread, crypto strategist Micha\u00ebl van de Poppe tells<\/a> his 692,000 followers on the social media platform X that altcoins could double up in the coming months.<\/p>\n Van de Poppe says the TOTAL3 chart, which tracks the total market cap of all crypto excluding Bitcoin (BTC<\/a>) and Ethereum (ETH<\/a>), appears to have printed a bullish higher low setup at around $450 billion.<\/p>\n \u201cAltcoins are ready to have their next push and could possibly go 2x in the next months. Crucial areas holding, through which a higher low is established and the next push could start.\u201d<\/em><\/p>\n At time of writing, TOTAL3 is trading at $481 billion.<\/p>\n Van de Poppe goes on to say that he believes<\/a> Bitcoin will rally to the $48,000 to $50,000 level before its April halving when BTC miners\u2019 rewards are cut in half.<\/p>\n After the rally, the analyst predicts that Bitcoin will witness a correction down to $38,000, which he notes will give altcoins the room to make a new run to the upside.<\/p>\n \u201cMy general theory is that Bitcoin is consolidating in the coming months. Pre-halving a final run towards resistance at $48,000-50,000, after that another correction to $36,000-38,000 and from there altcoins to continue outperforming Bitcoin.\u201d<\/em><\/p>\n Bitcoin is trading for $42,686 at time of writing.<\/p>\n Concluding his analysis with Chainlink rival API3 (API3<\/a>), Van de Poppe says that the decentralized oracle provider is \u201cwaking up\u201d and heading<\/a> toward a price tag of between $4.60 and $4.80 as long as it can maintain its support around $2.50.<\/p>\n \u201cOracles are starting to fire up, as PYTH and LINK have been showing a tremendous amount of momentum. API3 is also waking up, as we can see with the recent push. As long as it stays above $2.50, I think a rally to $4.60-$4.80 is possible.\u201d<\/em><\/p>\n API3 is trading for $3.14 at time of writing.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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