Cryptocurrency analyst Michaël van de Poppe believes Ethereum (ETH) and altcoins are set to gain ground on Bitcoin (BTC).
Ethereum’s Rise
Van de Poppe points to Ethereum’s upcoming Dencun update, which aims to lower transaction fees, and the potential approval of spot ETH exchange-traded funds (ETFs) as catalysts for its growth. He believes Ethereum has been undervalued compared to Bitcoin.
Capital Rotation to Altcoins
Van de Poppe predicts that investors will rotate their gains from Bitcoin to altcoins due to the limited upside potential of BTC at current levels. He suggests that altcoins will benefit from this capital inflow.
Key Points
- Ethereum is expected to gain momentum due to its upcoming upgrade and potential ETF approval.
- Traders may rotate capital from Bitcoin to altcoins as BTC’s upside is seen as limited.
- Altcoins are expected to see increased value as a result of this capital rotation.
