At a time when individual investors are still hesitant, and technical indicators point to the beginning of a gradual shift in market trends, Dutch analyst Michaël van de Poppe highlights promising opportunities in the alternative digital currency market.
He confirms that the 'Alternative Digital Currency Season' index is still at relatively low levels, recording only 29 points, which is below the known psychological threshold of 50, typically preceding the shift of liquidity from Bitcoin to other digital assets.
Despite this caution, van de Poppe sees that the ETH/BTC pair's rise of nearly 40% in one week represents the first tangible sign of liquidity shifting towards higher-risk digital currencies.
He comments: 'Achieving this return in just one week indicates a return of momentum to the market, and calls for closely monitoring the major cryptocurrencies known as Blue Chips.'
LINK Chainlink Data Bridge between Systems $LINK
Van de Poppe describes Chainlink as 'the easiest bet' on institutional adoption of digital currencies, due to its pivotal role in providing 'oracle' services that connect the web 2 environment with the web 3 world.
He notes that LINK's performance against Bitcoin remains at historical lows, making its upward prospects asymmetrical, especially if an actual season for alternative digital currencies begins.
AAVE AAVE The Pillar of Stable Decentralized Finance $AAVE
AAVE is classified as one of the pillars of decentralized lending protocols and is considered one of the major cryptocurrencies with relatively limited risks. The analyst believes that the market does not give it enough appreciation, especially in light of its growing role in linking traditional financial returns with blockchain.
The currency has attracted significant institutional flows this year, including from the 'World Liberty Financial' institution related to Donald Trump, which announced collective purchases of the digital currencies AAVE, LINK, and ETH.
Wormhole W | Multi-chain Bridge Infrastructure $W
Van de Poppe focuses on the 'Wormhole (W)' project as a foundational layer for transferring liquidity and data between networks, generating revenue that is recycled within the protocol.
It has been adopted as a key infrastructure for several initiatives related to real-world assets, such as tokenized treasury bond funds.
The currency experienced a strong liquidity boost following its listing on Binance on April 3, 2024, which expanded the trading base among individuals and institutions.
PEAQ $PEAQ | Economy of Machines and Physical Decentralization
PEAQ is a layer one network specialized in physical decentralized infrastructure (DePIN) and the economy of machines. According to the analyst, PEAQ is the largest system in this sector, showing actual activity analysis involving over 50 companies and 6 million devices.
He sees that this data makes PEAQ a compelling investment opportunity at this stage of evaluation, especially with the increasing number of transactions and partnerships across various sectors.
Alkimi $ADS | Digital Advertising on the Blockchain
Alkimi (ADS) is the smallest project on the list, working to provide a decentralized alternative to the digital advertising market. Despite the price of the coin dropping from $0.50 to $0.10 during the recent correction wave, platform revenues increased from $1.2 million to $5 million.
Alkimi seeks to reduce advertising campaign costs through the transparency provided by blockchain, promoting itself as an infrastructure that allows performance tracking and significantly reduces costs.