Is the Altcoin Era About to End? What Can We Expect From Ethereum and Bitcoin?

Michael van de Poppe, a cryptocurrency expert, recently discussed his predictions for the future of Ethereum, Bitcoin, and the altcoin market.

According to Van de Poppe, the peak strength of Bitcoin does not indicate the end of a bull market. Rather, this strength implies that Bitcoin's valuation is necessary and excessive compared to other markets.
He clarified that the recent 100% increase in the markets is not usually what prompts a significant number of investors to enter the market. They'll probably wait for a correction instead.

Investors interested in entering the markets were recognized by the analyst based on liquidity rather than numerical values. Additionally, he pointed out that the net money inflow into Bitcoin is good for the markets and shows that institutional parties are becoming more interested.

Van de Poppe counters that these organizations are not the only players in the markets and that they do not alone raise the price of Bitcoin. Rather than events unique to cryptocurrencies, Van de Poppe anticipates organic corrections and a lengthier cycle brought on by macroeconomic factors including GDP, FOMC, CPI, and liquidity.

Ethereum, in Van de Poppe's opinion, is significantly undervalued. The expert contrasted the price movement of Ethereum with that of Bitcoin, pointing out that although the latter was near $15,000, most people had priced in all significant news events and anticipated more losses.
The analyst emphasized the impending Dencun update, which will reduce Layer 2 transaction prices by 90% and increase Ethereum's payment layer accessibility. This might give the Ethereum network a lot of impetus, especially if the Spot ETF is approved.

According to the analyst, Ethereum's worth should be between $3,800 and $4,200 if it were to be in the same phase as the current price of Bitcoin. He believes that Bitcoin will stabilize and that the market will shift to Ethereum.

Van de Poppe highlighted the phrase "altcoin season," which first appeared in 2017. During this time, all cryptocurrencies were appreciating quickly, and the markets were experiencing a rotation system wherein Bitcoin surged first, Ethereum followed, and so on.

But he pointed out that things are more complicated now. For instance, investing in the Solana ecosystem in recent months has ushered investors into the altcoin season, but many of these tokens have underperformed, so those investing in the Ethereum environment will need to catch up later.

Van de Poppe predicted in his closing remarks that Bitcoin will peak at $54-58 thousand reasonably soon and then see a significant fall to $45–48 thousand.


This is not a guide to investing.