Investing.com – In a recent video, renowned cryptocurrency analyst Michael van de Poppe stated that the altcoin market is poised for a significant rise, coinciding with the approval of ETFs in the United States.
This comes as the price of Ethereum, the second-largest cryptocurrency by market capitalization, has risen more than 25% in more than a week. This sudden surge has boosted the cryptocurrency market, with great potential for altcoins to follow suit.
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Typically, altcoin seasons occur in cycles, with Bitcoin leading the way, followed by Ethereum and other altcoins. This pattern is expected to emerge with the notable rise in Ethereum price. The current market sentiment, coupled with the approval of Ethereum ETFs, paves the way for a major altcoin season.
Therefore, taking these factors into account, analyst van de Poppe believes that this is the right time and the last opportunity to accumulate altcoins at a low price before the rally begins.
Meanwhile, the analyst listed the top 5 altcoins that are expected to outperform major cryptocurrencies:
Optimism
Optimism() is a layer 2 blockchain that operates on the Ethereum network. It ensures security and decentralization while providing scalability and reducing transaction costs. With almost 30% of its market value locked in the ecosystem, the OP token has high potential for significant gains.
At the time of this publication, the Optimism token is currently trading at $2.45. Van de Poppe expects its price to rise by approximately 300% to 800% against Bitcoin in the next six months.
arbitration
The recent announcement that Arbitrum will release 225 million tokens, worth approximately $250 million, for the Gaming Catalyst Program (GCP) has attracted many investors. Despite the strong performance in recent weeks, the Arbitrum ecosystem is growing rapidly with strong fundamentals and ecosystem development, making it a promising investment.
At the time of this publication, the ARB token is currently trading at $1.13. Van de Poppe expects ARB to rise approximately 250% to 300% against Bitcoin as it recovers from recent lows.
OT Network
WO Network () is a decentralized coin that features ultra-fast execution response times and significant liquidity. As the Ethereum ecosystem expands, decentralized exchanges like WO Network will benefit greatly from the increase in trading volumes. Van de Poppe expects WO prices to range between 300% and 800%, driven by the growing use of decentralized exchanges around the world.
wormhole
Van de Poppe expects the price of Wormhole () to increase by 200% to 400%.
Dogecoin
, a notable meme coin, has shown strong community support. Although Dogecoin's price has fallen 81% from its peak, it is poised for a significant recovery, especially as other meme coins gain popularity. Van de Poppe expects the price of Dogecoin to rise by 400% to 500%, benefiting from the current meme coin craze.
The launch of Bitcoin ETFs in the United States, which has caused capital to shift from altcoins to Bitcoin, has put considerable pressure on the altcoin market recently. However, this trend is reversing and the approval of Ethereum ETFs is likely to lead to a new round of investments in altcoins. Therefore, this is the best time to invest as historical trends indicate that altcoins perform best in the second half of the year.
