Top analyst Michaël van de Poppe predicts significant returns for five altcoins following the Ethereum ETF approval. His picks—Optimism, Arbitrum, Woo Network, Wormhole, and Dogecoin—stand out for their technical strengths, market positioning, and growth potential.
The Ethereum ETF approval has sparked interest, setting the stage for an altcoin season. Here’s a concise look at van de Poppe’s top picks and their potential for substantial gains.
1. Optimism (OP)
Optimism, a Layer-2 scaling solution for Ethereum, tops the list. Its roll-up technology reduces costs and increases transaction speed. Van de Poppe highlights its strong TVL ratio and low circulating supply, projecting a 300% to 800% gain in BTC value over the next six months.
“I think that a coin like Optimism can do between, I would say, 300% to 800% in BTC value in the coming six months. I think that’s very likely and that’s probably the first run,” van de Poppe said.
2. Arbitrum (ARB)
Arbitrum, another Layer-2 solution, leverages zero-knowledge rollups for faster, more secure transactions. Despite recent price struggles, its substantial TVL and development momentum make it a promising investment. Van de Poppe expects a significant rebound.
“If you look at the TVL of this Arbitrum, it’s almost the exact same amount as the market capitalization. So that is super bullish as the ecosystem is also growing. But once we look at the price action, it is garbage,” van de Poppe added.
3. Woo Network (WOO)
Woo Network, a decentralized exchange known for high liquidity and low fees, is gaining traction in the DeFi sector. With rising Ethereum trading volumes, van de Poppe predicts a 500% to 1,500% return as regulatory pressures increase on centralized exchanges.
“Once Ethereum starts to do well and the volumes are already waking up, this is where WOO comes in. There’s also a revenue being made so that is why I think it’s a great one to have. I think when the whole cycle starts for WOO, it can actually yield between 500% to 1,500%,” van de Poppe explained.
4. Wormhole (W)
Wormhole, a protocol for cross-chain interoperability, facilitates seamless asset transfers. Despite being relatively new, its potential for widespread adoption is high. Van de Poppe sees strong growth prospects, noting its innovative solutions in the expanding DeFi landscape.
“I want to bet on safe Solana (SOL) solutions. The only tricky part with Wormhole is the fact that there are still unlocks, but these unlocks are going to take some time so that’s why I think that this one is going to do really well,” van de Poppe added.
5. Dogecoin (DOGE)
Dogecoin, a popular meme coin, offers high-risk, high-reward potential. Supported by a strong community and recent price performance, van de Poppe believes Dogecoin could achieve a 4x to 5x return amid a broader market upswing.
“Whether you like it or not, you see all the meme coins doing well. Floki, Book of Meme, Bonk. All of those meme coins are doing well. This is the time when you want to get yourself into a position of Dogecoin. It’s the easiest one. It will do a 4x to 5x or maybe even more,” van de Poppe concluded.
These altcoins, each chosen for their unique strengths, are set to capitalize on the anticipated altcoin season.