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Ether’s recent rise is the first step toward significant gains for altcoins as traders show a “risk-on appetite,” said crypto trader Michaël van de Poppe.
Ether has continued to hold strength, signalling that altcoins may be gearing up for an explosive rally of up to 500% as early as October, said a crypto analyst.
However, not all traders are convinced Ether’s (ETH) current uptrend will last.
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MN Trading Capital co-founder Michaël van de Poppe said in an X post on Thursday that he is “all-in” on altcoins, adding there could be “200-500% to be made in the next 2-4 months.”