Michael van de Poppe Predicts Major Shifts in the Altcoin Market

Bitcoin Moves, Altcoins Await

According to Poppe, the concept of a “rotation game” applies across all markets. This game starts with a primary asset’s price increase, which then triggers movement in the rest of the ecosystem.

The cryptocurrency market begins with Bitcoin’s rise, followed by expectations for Ethereum (ETH) to take action. Subsequently, a cycle forms where profits from Bitcoin shift to Ethereum and altcoins.

Poppe argues that the current market conditions present substantial opportunities for altcoins, stating, “Look at the values of altcoins against BTC. Altcoin prices in USD may be misleading as Bitcoin’s rise influences these prices.” He believes that altcoins’ current levels against Bitcoin are quite low, signaling an impending upward movement. Many altcoins have the potential to rise by 300 to 400 percent within the year.

Ethereum Ecosystem Takes the Spotlight

Poppe believes that Ethereum could surpass Bitcoin in performance. He summarized his strategy as using “ETH as a foundational asset.” The analyst highlighted his focus on large-cap altcoins and small projects within the Ethereum ecosystem. He anticipates that in the coming months, Ethereum will outperform Bitcoin.

Following Ethereum’s ascent, large-cap altcoins are expected to take action. Subsequently, smaller projects will come into play, providing high returns. Poppe also noted that profits from smaller projects will likely be redirected back to more stable assets like Ethereum and Bitcoin.