The cryptocurrency market is starting to show signs of a shift, with Ethereum gaining momentum around the $2,700 mark after 8% rise.
The cryptocurrency market is starting to show signs of a shift, with Ethereum gaining momentum around the $2,700 mark after 8% rise.
While price moves have been choppy, that ETH has found solid support. If Bitcoin holds steady or climbs higher, it could set the stage for Ethereum and other altcoins to rally next. As the market sentiment improves, the analyst has listed several altcoins that could follow Ethereum’s lead:
Uniswap (UNI) is one of the most popular tokens connected to Ethereum. Uniswap’s price usually moves in the same direction as Ethereum, but when the market turns bullish, it often rises even faster.
For example, if Ethereum goes up by 10%, Uniswap might climb 15% or more. This pattern has shown up many times over the past year.
Arbitrum, a leading Layer-2 solution on Ethereum, was also mentioned as a high-upside bet. While Ethereum has been performing better than Arbitrum lately, past data shows that ARB can jump quickly when altcoins start rallying.
During a short altcoin surge last November, the analyst said that ARB jumped over 50%, while Ethereum gained around 30%. This makes Arbitrum a higher-risk, higher-reward option when the market starts to pump.
Render (RNDR) is another token based on Ethereum that focuses on decentralized GPU-based rendering for 3D graphics and AI projects. Even though it has strong long-term potential, its price hasn’t kept up with Ethereum in recent months.
But since it usually moves in the same direction as ETH, there’s a chance it could catch up, now that the market has turned bullish.
Chainlink (LINK) is one of the most reliable and well-used altcoins. It connects blockchain smart contracts to real-world data like weather, stock prices, or sports results.
Over the past year, Chainlink has outperformed Ethereum and several other altcoins. Thanks to its solid use case and growing partnerships with companies, the analyst sees LINK as one of the safest bets for the next altcoin rally.
