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As the day nears its end, cryptocurrencies have bounced back from their recent downturn, with Bitcoin 
$105,619 hovering around $109,000. The tension has lessened, and bilateral meetings among G7 nations are creating opportunities for tariff agreements with the U.S.’s trade partners. Announcements of countries signing these agreements are imminent, given the fast-approaching deadline of July 9. Meanwhile, analyst Poppe predicts a stellar performance from certain altcoins moving forward.
The Best Altcoins
DeFi has shown commendable performance in the first quarter, maintaining strength despite recent declines. Poppe anticipates even greater achievements. DeFi has attracted the interest of the current U.S. administration, banks, and corporate investors. The sector holds explosive potential, comparable to XRP, especially since it was severely hindered under Gensler’s tenure and faced significant suppression.
Decentralized finance stands as one of the fundamental blocks of crypto, with even traditional financial sectors showing interest in integrating it into their systems. Among altcoins, DeFi holds a special place for Poppe, who shared his evaluations during the article’s preparation.
“We are quite confident we will see a robust DeFi season soon. This scenario, which gained momentum last week but retracted due to unrest in the Middle East, is on the brink of resurgence. A mere sign of calmness could reignite risk appetite, ushering in a new altcoin cycle.”
Future of Cryptocurrencies
DaanCrypto remarked on minimal changes in the BTC chart, sharing recent updates. If the price continues its current trajectory, similar to previous consolidations, and remains above the key range, we could witness more significant fluctuations. BTC has yet to complete its price discovery, continuing to fluctuate in six-figure ranges as it strives to find its true all-time high.
“However, there hasn’t been a clear breakout yet. If you want to jump on momentum that may follow, I recommend you wait. Until then, it’s still within a range and resistance persists.” – DaanCrypto
Those claiming the cycle was over have been proven wrong, most notably acknowledged by Ki Young Ju’s apology statement. This cycle differs from its predecessors, and despite some on-chain metrics signaling historic peaks, they declared failures. Institutional acceptance and the U.S.’s embrace of crypto have disrupted traditional structures and balances.
Poppe, who shared the above chart, stresses that the end of this cycle is still far away, highlighting that prices remain well-positioned for significant gains.
