Altcoin market expected to surge following ETF approval in US, good news for individual stocks.

From Investing.com: 2024-06-04 15:02:01

Renowned cryptocurrency analyst Michael van de Poppe predicts a significant rise in the altcoin market following the approval of ETFs in the United States. Ethereum’s price surged over 25% in a week, boosting the entire crypto market. Now is the time to accumulate altcoins at low prices before a major rally.

Optimism’s OP token, currently trading at $2.45, is expected to increase by 300% to 800% against Bitcoin. Arbitrum and WO Network also show promising potential with price hikes of around 250% to 800%. Even Dogecoin, a meme coin, is forecasted to rise by 400% to 500%.

Despite a recent shift to Bitcoin due to the launch of Bitcoin ETFs, approval of Ethereum ETFs is expected to drive new investments in altcoins. This is the opportune moment to invest as altcoin seasons typically follow Bitcoin’s lead, and historical trends indicate strong performance in the second half of the year.

Read more at Investing.com: 5 small cryptocurrencies poised to rise sharply By Investing.com