Ethereum (ETH) Rally Could Ignite Dramatic Surge for Altcoins, Asserting X. Becker

Widely followed crypto commentator Alex Becker has asserted that an Ethereum rally to new peaks could ignite a dramatic surge for altcoins like Cardano, XRP, and Dogecoin.

Popular crypto commentator Alex Becker has asserted that an Ethereum rally to new highs could ignite a dramatic surge for altcoins like Cardano, XRP, and Dogecoin.

Ethereum Could Spark a 3-Year Opportunity for Top Altcoins

Becker, known for his bold predictions and contrarian takes, expressed this sentiment in a recent live video as he discussed Ethereum’s price performance and the broader altcoin market.

His commentary focused on how Ethereum could kickstart the long-awaited “altcoin season,” rewarding investors who have endured a challenging period in the crypto market.

Notably, Ethereum is up 4.2% today, trading at $1,670, a 10% gain over the past week. This positive momentum comes after Ethereum recently touched a multi-year low of $1,386. However, the coin appears to be on a fast recovery track.

To illustrate, Ethereum has rebounded over 20% in the past five days and now trades near $1,700. Still, at its current level, Ethereum remains at a steep 50% discount compared to its price at the start of 2023.

Furthermore, the second-largest cryptocurrency is trading 65% below its all-time high of $4,892. To reach this peak, Ethereum would need to more than double from current levels.

Despite the uphill climb, Becker maintains that Ethereum has a 90% chance of rallying back to its all-time high, a belief he challenged viewers to return in three years to mock him if it doesn’t happen.

According to him, his bullish stance stems from the widespread skepticism surrounding Ethereum, with many calling it “dead.”

As a result, he’s taking a contrarian approach, saying ETH is oversold and current prices present a strong opportunity for risk-tolerant investors.

The crypto commentator added that the worst-case scenario for Ethereum is a drop to $500, in which case he would lose 50% of his investment. However, if his bet plays out, he believes he could achieve a 5x return.

Becker: Worst Case Is 50% Loss, Best Case Is 5x Return

“I’m not saying it’s going to $500. I think it has a 90% chance of going to $7k in the next three years. If it doesn’t, come back and laugh at me. But I’m putting it out there. I think it’s going to $7k, and I think it has a 10% chance of going to $10k.”

“People are saying it’s dead, it’s not going to recover. I think it does, and I think it presents an interesting risk-reward opportunity for someone who has a high-risk tolerance and can handle the potential for a 50% loss but also the potential for a 5x return.”

Becker also believes Ethereum’s resurgence could extend to other major altcoins. According to him, coins just below ETH could “go nuts” in what he expects to be an explosive rally.

He highlighted several altcoins he believes could perform remarkably. They include Cardano (ADA), XRP, Dogecoin (SUI), Avalanche (AVAX), and Solana (SOL).

Still, he offered a stern warning about investing in crypto, calling it inherently risky. However, for those willing to take the risk, he believes these highlighted coins could be promising long-term holds.

Potential Gains for XRP, SOL, and DOGE

In terms of potential upside, Becker claimed Ethereum could easily deliver a 4x return from its current level. In an ultra-bullish scenario, he believes ETH could reach as high as $10,000.

For XRP, he predicted it might even outperform Ethereum slightly, possibly offering 25%–50% higher gains if it begins to close the gap in market cap.

As for other top altcoins like BNB, Solana, Dogecoin, and Cardano, Becker argued that these are the projects where investors might see 5x to 7x returns if the market shifts into full risk-on mode.