 
 
Major altcoins are expected to experience a major boost in the coming weeks, according to popular analyst Michael van de Poppe. This is despite the secondary crypto market facing a short-term price decrease over the last 24 hours, which has dampened the bullish spirits somewhat. October brought with it a lot of promise, but the first week of the month has been average so far.
ETH Outperforming Bitcoin
According to van de Poppe, Ethereum outperformed BTC yesterday; as a result, altcoins have outperformed both ETH and BTC in the process. He tweeted:
“$ETH starts to bottom out in this area, against $BTC.
Yesterday, $ETH outperformed Bitcoin and, as a response, we’ve seen #Altcoins outperform $ETH and $BTC.
This will likely accelerate in the coming period, through which the returns of #Altcoins should be 200-500%”
 
While van de Poppe painted a rosy picture of the future after studying the ETH/BTC graph. Here is the updated graph after today’s price drop:
So, while ETH was on the rise against the premier digital currency for a while now, the trend broke earlier in the day. As a result, altcoins also hastily retreated to previous support levels. So, even though ETH is struggling to maintain its image as an altcoin market maker, it can still help shape the outcome of the secondary market.
The Future
While ETH has recorded some losses over the last 24 hours, they are well within the normal range, and bulls can easily recover from here. However, the second-largest cryptocurrency by market capitalization still has a long way to go before it can be considered a bullish revival, as it needs to overcome its All-time High (ATH) of $4.9k first.
The lack of progress of ETH is frustrating traders, and it remains to be seen how long they will be willing to wait for it to make a move. Meanwhile, other altcoins, including important ones like Binance Coin (BNB) and Solana (SOL), could take advantage of ETH’s poor performance and make a move of their own to become the new market makers. A potential 200-500% price increase for top altcoins is very much in play here, but if the bull market led by ETH, XRP, BNB, and SOL fails to take off, the secondary market’s performance will be underwhelming to say the least.
Source: https://zycrypto.com/doge-xrp-solana-target-500-gains-as-altcoins-set-to-outpace-ether-and-bitcoin/