In a recent video, popular crypto analyst michaël van de Poppe said that the altcoin market is poised for a significant rally with Ethereum ETF approval. The ETH Price has surged more than 25% against bitcoin in a week. This sudden spike fueled the crypto market rally, with strong potential for altcoins to follow suit.
The Altcoin season are usually in cycles, with Bitcoin in the lead, followed by ethereum and other altcoins. This pattern will play out as the Ethereum Price surges significantly. The current market sentiments with the Ethereum ETF approval are setting the stage for the major altcoin season.
Thus, considering these factors, analyst Poppe predicts that this is the right time and the final opportunity to stack altcoins at a low price.
The Analyst Listed the Top 5 Altcoins Expected to Outperform Major Cryptocurrencies
Optimism (OP)
Optimism (OP) is a layer 2 Blockchain that functions on the Ethereum Network. It maintains security and decentralization while offering scalability and lower transaction costs. With nearly 30% of its market cap Locked in the ecosystem, the OP token has a high potential for significant returns.
At press time, the Op token is currently trading at $2.45. Poppe predicts the OP price will surge nearly 300% to 800% against Bitcoin in the next six months.
Arbitrum (ARB)
The recent announcement that ARB will release 225 million ARB tokens, valued at approximately $250 million, for its Gaming Catalyst Program (GCP) has attracted many investors. Despite decent performance in the past weeks, the Arbitrum ecosystem is growing rapidly with strong fundamentals and ecosystem development, making it a promising investment.
At press time, the ARB token is currently trading at $1.13. Poppe expects ARB to surge nearly 250% to 300% against Bitcoin as it rebounds from recent lows
WO Network (WO)
It is a decentralized exchange with superior execution latency and great liquidity. As Ethereum’s ecosystem expands, decentralized exchanges like WO Network stand to gain greatly from growing trading volumes. Poppe Expects WO prices to be 300% to 800%, fueled by the growing use of decentralized exchanges worldwide.
Wormhole (WORM)
Wormholes make interoperability across blockchains possible, crucial for the developing cryptocurrency ecosystem. Wormhole is still a significant asset despite the current price consolidation because of its ability to integrate different blockchain applications. Poppe Expects the WORM Price To Surge 200% to 400%, a notable surge expected as the importance of blockchain interoperability increases.
Dogecoin (DOGE)
Dogecoin, a prominent meme coin, has demonstrated tenacity and robust community support. Although DOGE Price dropped 81% from its peak, it is poised for a big comeback, especially as other meme coins acquire popularity. Poppe Expects the DOGE Price to surge 400% to 500%, profiting from the current meme coin craze.
The launch of the Bitcoin ETF, which caused capital to shift from altcoins to Bitcoin, has put a lot of pressure on the altcoin market lately. However, this tendency is reversing, and the Ethereum ETF approval will probably lead to a fresh round of altcoin investments. This is the best time to invest because historical trends indicate that altcoins do best in the second half of the year.
