Cryptocurrency analyst and trader Michaël van de Poppe stated that altcoins will experience a significant rise in the near future. Van de Poppe, Bitcoin $99,755.0He stated that the profits made by investing or trading in will be transferred to other parts of the crypto ecosystem.
Status of Bitcoin and Ethereum
According to Van de Poppe, most altcoins are at record lows against Bitcoin. Bitcoin is currently trading around $99,169 and is up less than one percent over the past 14 days. Ethereum 
$3,988.5 It is at the level of 4,010 dollars and has increased by approximately 22 percent in the last 14 days.
The analyst pointed out that altcoin markets have been in a downward trend throughout the year. Van de Poppe said, “Altcoin markets have remained in a bear market all year. This is crazy!” He commented:
Investment Prospects
Van de Poppe stated that altcoins will follow the rise in Bitcoin. “Basically, the confidence play is that Bitcoin breaks through resistance and makes a significant rise, then pauses, consolidates, and those who make significant profits in Bitcoin move on to other parts of the ecosystem – Ethereum and altcoins.” he said.
“Altcoin markets have remained in a bear market all year. This is crazy!” – Michaël van de Poppe
“Basically, the confidence play is that Bitcoin breaks through resistance and makes a significant rise, then pauses, consolidates, and those who make significant profits in Bitcoin move on to other parts of the ecosystem – Ethereum and altcoins.” – Michaël van de Poppe
The analyst expects the second largest crypto asset in the Ethereum ecosystem to rise first, followed by Ethereum-based altcoins with large market capitalization. “Small market capitalization assets will come later, but the return on investment will be significantly higher,” he says.
Van de Poppe predicts that Ethereum will outperform Bitcoin in the next six to twelve months.
Investors can diversify their portfolios by taking these trends in the market into account. The current status of Bitcoin and Ethereum provides the basis for investments in altcoins. Understanding these dynamics of the market can be important for strategic investment decisions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
