Famous crypto analyst Michael van de Poppe expects a significant rise in the altcoin market. Following the correction that took place two weeks ago, van de Poppe announced that he predicted big gains for altcoins and Ethereum.

In a recent tweet, he stated that the market cap of altcoins has completed its correction process and is in a favorable position for growth. He emphasized that the fluctuations during this period show that the markets are restructuring in a healthy way and increase the long-term growth potential of cryptocurrencies. Van de Poppe predicts that there will be a continuous upward trend in altcoins in the second half of the year. Predicting that the current values ​​of altcoins could increase 5 to 10 times, the analyst stated that big gains are at the door. These positive expectations offer great opportunities for investors and create excitement in the markets.

“Crypto completed its altcoin market cap correction two weeks ago. “The second half of the year will only be on the upside.” Van de Poppe's optimistic view is based on recent trends and technical indicators that the market is ready for a rally. The altcoin market cap has stabilized and provides a solid foundation for future growth. Technical analysis shows that altcoins have reached strong support levels and started to move upwards from there.

On the other hand, only 33% of the top 50 altcoins outperformed Bitcoin (BTC) in the last three months, according to data from Blockchain Center. While this shows some positive movements, 75% of altcoins need to surpass BTC for the bullish season to be officially declared.

The Rise of Ethereum$ETH

Ethereum, the second largest cryptocurrency by market cap, is expected to play a significant role in this upcoming bull run. The Ethereum ETF is planned to launch this week. The analyst believes this could attract institutional investors and capital flows to the ETH ETF.

Van de Poppe predicts that Ethereum (ETH) could rise to between $6,000 and $8,000. “We will probably see altcoins experience a 5-10x increase and ETH rise to $6,000-8,000.”

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