Altcoin
Michaël Van de Poppe reveals the best altcoins to buy now for 10x profits
In a recent video, popular crypto analyst Michael van de Poppe said that the altcoin market is poised for a significant rally with Ethereum ETF approved. THE ETH price it is up more than 25% versus bitcoin in a week. This sudden spike has fueled the crypto market rally, with strong potential for altcoins to follow suit.
Altcoin season is usually cyclical, with Bitcoin in the lead, followed by Ethereum and other altcoins. This pattern will occur when the price of Ethereum increases significantly. The current market sentiments with the Ethereum ETF approval are setting the stage for the big altcoin season.
Therefore, considering these factors, analyst Poppe predicts that this is the right time and the last opportunity to stack low-priced altcoins.
The analyst listed the top 5 altcoins that are expected to outperform major cryptocurrencies
Optimism (OP)
Optimism (OP) is a Layer 2 Blockchain that runs on the Ethereum network. Maintains security and decentralization while offering scalability and lower transaction costs. With nearly 30% of its market capitalization locked in the ecosystem, the OP token has high potential for significant returns.
As of this writing, the Op token is currently trading at $2.45. Poppe predicts the OP Price will increase by almost 300% to 800% against Bitcoin in the next six months.
Referee (ARB)
The recent announcement that ARB will release 225 million ARB tokens, worth approximately $250 million, for its Gaming Catalyst Program (GCP) has attracted many investors. Despite the decent performance in recent weeks, the Arbitrum ecosystem is growing rapidly with strong fundamentals and ecosystem development, making it a promising investment.
At press time, the ARB token it is currently trading at $1.13. Poppe predicts ARB will rise nearly 250% – 300% against Bitcoin as it recovers from recent lows
WO Network (WO)
It is a decentralized exchange with superior execution latency and great liquidity. As the Ethereum ecosystem expands, decentralized exchanges like WO Network will greatly benefit from the growth in trading volumes. Poppe expects WO prices to range between 300% and 800%, fueled by the growing use of decentralized exchanges around the world.
Wormhole (WORM)
Wormholes make interoperability between blockchains possible, which is crucial for the development of the cryptocurrency ecosystem. Wormhole is still a significant asset despite the current price consolidation due to its ability to integrate different blockchain applications. Poppe predicts the price of WORM will rise 200% to 400%, a notable increase expected as blockchain interoperability increases in importance.
Dogecoin (DOGE)
Dogecoin, a prominent meme coin, has demonstrated tenacity and solid community support. While DOGE Price down 81% from its peak, it is poised for a big comeback, especially as other meme coins gain popularity. Poppe expects the DOGE price to rise 400% to 500%, taking advantage of 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 trend is reversing and the approval of the Ethereum ETF will likely lead to a new round of altcoin investments. This is the best time to invest because historical trends indicate that altcoins perform better in the second half of the year.
Also check: Best Altcoin Investment Strategy to Turn $1,000 into $10,000 in 2024