Cryptocurrency analyst and trader Michaël van de Poppe believes that altcoins are poised for a rally. Van de Poppe, who has a following of 748,300 on the social media platform X, suggests that as profits from Bitcoin investments or trades flow into the rest of the crypto ecosystem, altcoins will benefit.

Van de Poppe points out that most altcoins are currently trading at record lows against Bitcoin, indicating significant potential for upward movement. He states, “Many of them need to go up 4x against Bitcoin to reach the levels of earlier this year. The fact that the altcoin markets have been in a bear market for the entire year is insane!”

The analyst further explains that the rally in altcoins follows a rally in Bitcoin. When Bitcoin breaks through its resistance and experiences a substantial surge, it eventually consolidates. At this point, traders who have made substantial profits on Bitcoin start rotating their investments towards other parts of the ecosystem, such as Ethereum and altcoins.

At the time of writing, Bitcoin is trading at $99,169, with a less than 1% increase over the past 14 days. Ethereum, on the other hand, is trading at $4,010, showing a roughly 22% increase over the same period.

Regarding the Ethereum ecosystem, Van de Poppe predicts that the second-largest cryptocurrency by market cap will rally first, followed by the Ethereum-based large-cap altcoins. He explains that while smaller altcoins may follow suit later, the return on investment will be significantly higher.

Looking ahead, Van de Poppe expects Ethereum to outperform Bitcoin in the next six to 12 months.

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