A Top-20 Altcoin Set to Skyrocket by 85%, According to Crypto Analyst
A popular crypto analyst has recently shared insights on the potential price movements of various digital assets, including Bitcoin (BTC) and the meme coin dogwifhat (WIF). In a series of updates, the analyst known as Altcoin Sherpa has highlighted a particular altcoin within the top-20 rankings that he believes will experience a significant surge in value.
Altcoin Sherpa, who has a substantial following of over 245,800 users on the social media platform X, has pointed to Hyperliquid (HYPE) as a standout project with the potential to reach a price point of over $50. Despite not currently holding any HYPE tokens, the analyst remains bullish on the project’s long-term prospects.
At the time of writing, HYPE is trading at $27.50, marking a 10.5% increase over the past 24 hours. Altcoin Sherpa’s prediction of an 85% price surge for HYPE indicates a positive outlook for the altcoin.
Bitcoin and Altcoins Expected to Dip Before June
Turning his attention to the broader cryptocurrency market, Altcoin Sherpa has forecasted a potential dip in the prices of Bitcoin and altcoins leading up to June. While BTC is currently trading at $103,950 with a 1.6% gain in the last 24 hours, the analyst anticipates a correction that could present buying opportunities for investors.
Altcoin Sherpa suggests that BTC may dip to the low to mid $90,000 range, creating a favorable entry point for long-term investors. Additionally, he expects altcoins to experience a decrease of around 20% to 30% from their recent highs, prompting some traders to panic while others seize the opportunity to accumulate.
Potential Reversal Points for the Meme Coin WIF
Addressing the meme coin dogwifhat (WIF), Altcoin Sherpa has identified potential bounce areas for the asset, particularly around the $0.90 price level. The analyst’s chart suggests that WIF could rebound from this support level by the end of the month, offering traders an opportunity to capitalize on the price movement.
As of now, WIF is trading at $1.12, reflecting a 10.5% gain for the day. Altcoin Sherpa’s analysis indicates that WIF’s price action could be favorable for those looking to engage in short-term trading strategies.
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