Michael van de Poppe believes that after the appearance of spot ETFs linked to ether in the United States, the altcoin market is ready for significant growth. During the week, the ETH exchange rate increased by more than 25%. The positive market sentiment caused by the approval of ETFs on ETH can provoke a bullish trend in the entire market, the analyst believes, and many altcoins will rapidly follow ether up.
Van de Popp was the first to name Optimism (OP). Reason: 30% of the coin's market capitalization is blocked in the ecosystem, so investors in OP have a high potential to make significant profits. Now the OP is trading at $ 2.45, and the analyst predicts that in the next six months the rate will grow by almost 300-800%.
The expert called investments in Arbitrum (ARB) promising. Recently, the project announced the release of 225 million ARB coins worth about $250 million in the interests of the Gaming Catalyst (GCP) program, which attracted investors. Now the ARB exchange rate is $1.13, and Popp expects the coin to grow by 250-300%.
The WO Network (WO) has encouraging prospects. Popp explained: As the Ethereum ecosystem expands, decentralized exchanges like the WO Network may gain popularity due to growing trading volumes. The growth of the WO rate will be from 300% to 800%, the expert believes.
The analyst also noted Wormhole (WORM), predicting that the rate of this crypto asset will grow by 200-400%, and calling it important to launch solutions that increase the compatibility of blockchains. Popp did not ignore the memcoin DOGE. Despite the fact that the exchange rate has fallen by 81% from its peak value, Dogecoin can grow by 400-500%. This will be due to the hype demand for meme cryptocurrencies, which the trader is waiting for.
According to the February forecast Michael van de Popp, in the next few months, the ether should cross the important $4,000 mark. To achieve it, the ether has to get less than $ 200.