Crypto strategist Michaël van de Poppe says traders should resist the fear of missing out (FOMO) and hold off on investing in XRP and Ethereum.
Ethereum has gained 18% in value in the past seven days while XRP has shot up by a whopping 115% in that same time period, according to CoinGecko.
Says Van de Poppe,
I feel like Ive got to tweet this, as I think a heavy amount of people have the feeling. Dont FOMO in to things like ETH at this point or XRP. Definitely more upwards momentum coming in the following months, but be protective with the capital.
The trader says there are heavy signals that crypto is entering a slight FOMO period for retail, which he says often occurs quite close to the intermediate tops of markets.
Unrealized profits are not realized profits and they are only becoming realized when you liquidate your positions, and if you have been in this market in the past three years, you know that what goes up must come down to test levels — especially [from] altcoin perspectives.
Van de Poppe doesnt think the large-cap asset bull run will last much longer.
I think were going to see the small and mid caps doing relatively well, as they are lagging behind heavily, before any continuation is likely going to occur.
In the long run, the trader remains bullish on Bitcoin and the crypto markets at large.
He predicts the altcoin market cap will double in the first quarter of next year and then correct itself. He says the next alt season will likely occur next summer.
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