Investing.com – In a recent video, renowned cryptocurrency analyst Michael van de Poppe stated that the altcoin market is poised for significant growth coinciding with the approval of ETFs in the United States.
This comes as the price of Ethereum, the second-largest cryptocurrency by market capitalization, is up more than 25% from over a week ago. This sudden growth has stimulated the cryptocurrency market, which creates great potential for altcoins.
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Typically, altcoin seasons run in cycles, with Bitcoin leading, followed by Ethereum and other altcoins. This pattern is expected to emerge as Ethereum’s price increases significantly. The current market sentiment, along with the approval of Ethereum ETFs, is paving the way for a large altcoin season.
Therefore, considering these factors, analyst van de Poppe believes that this is the right time and last chance to accumulate altcoins at a low price before the rally begins.
Meanwhile, the analyst listed the top 5 altcoins that are expected to outperform mainstream cryptocurrencies:
Optimism
Optimism() is a Layer 2 blockchain running on the Ethereum network. It provides security and decentralization, while ensuring 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 publication, the Optimism token is currently trading at $2.45. Van de Poppe expects its price to rise by around 300% to 800% over Bitcoin over the next six months.
Decision
The recent announcement that Arbitrum will release 225 million tokens worth approximately $250 million for the Gaming Catalyst Program (GCP) has attracted a lot of investors. Despite sturdy performance in recent weeks, the Arbitrum ecosystem is growing rapidly, with a sturdy foundation and ecosystem development making it a promising investment.
At the time of publication, the ARB token is currently trading at $1.13. Van de Poppe expects ARB to rise around 250% to 300% against Bitcoin as it rebounds from recent lows.
WO network
WO Network () is a decentralized currency characterized by ultra-fast execution response times and significant liquidity. As the Ethereum ecosystem grows, decentralized exchanges like WO Network will benefit greatly from increased trading volume. Van de Poppe expects WO prices to range from 300% to 800%, driven by the growing apply of decentralized exchanges around the world.
Wormhole
Van de Poppe expects the price of wormhole () to augment by 200% to 400%.
Dogecoin
, a notable meme coin, has proven to be a sturdy community supporter. Although Dogecoin’s price is down 81% from its peak, it is poised for a significant comeback, especially with the rise in popularity of other meme coins. Van de Poppe expects the price of Dogecoin to augment by 400% to 500%, benefiting from the current meme coin craze.
The launch of Bitcoin ETFs in the United States, which has resulted in a shift of capital from altcoins to Bitcoin, has recently put significant pressure on the altcoin market. However, this trend is reversing, and the approval of Ethereum ETFs will likely lead to a recent round of altcoin investments. Therefore, this is the best time to invest, as historical trends indicate that altcoins perform best in the second half of the year.
