Decentralized Exchange Altcoin Predicted to Increase by 150% if Bitcoin Stays Strong, according to a Trader
Hey there, federal agent! This time around, we've got some juicy intel on the altcoin market. A popular analyst with a whopping 245,000 followers on X is hyping up one top-30 altcoin, Hyperliquid's (HYPE) utility token.
Pseudonymous analyst, Altcoin Sherpa, recently bought a small perp position on HYPE with a $20.10 price tag. He believes that BTC and favorable trading conditions could send this utility coin soaring to $50 or more.
"I think we're going to just see extreme moves to the upside and downside from here on out (in anywhere from three-six months time). Alts will go 50%-90% down and then do a few x after." Said Altcoin Sherpa.
This isn't the first time Altcoin Sherpa has tipped an altcoin for huge gains. Last year, they correctly predicted some massive moves in the DeFi and NFT market. But they say it's time to move on from the four-year crypto cycles. Gone are the days of alts having to endure two years of accumulation. Instead, we might be looking at dramatic moves to the upside and downside in the near future.
With that in mind, it's essential to keep your fingers on the pulse and stay ahead of the crypto game. So grab your popcorn, boys and girls. It's going to be one heck of a ride!
In other news, aZen just secured a $1.2 million seed round and a series of Web 3.0 grants to build DePIN for ubiquitous AI following the onboarding of 600,000 users. Bitcoin Seoul 2025 is gearing up to host the largest Bitcoin-focused conference in Asia next month, and FLOKI are partnering with Rice Robotics to launch an AI companion robot with token rewards.
Let'sfaceit, crypto is wild, baby!
Disclaimers: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before high-risk investments in crypto. The Daily Hodl does not endorse any content or comments on social media platforms like X, and any loss incurred due to investments is completely your own responsibility. This publication participates in affiliate marketing.
Keep it locked, and don't forget to follow us on X, Facebook, and Telegram for the latest crypto news and updates. Don't miss a beat – subscribe for email alerts delivered straight to your inbox, check the price action, and tune in to The Daily Hodl Mix.
- The analyst with 245,000 followers on X is sparking interest in a top-30 altcoin, Hyperliquid's (HYPE) utility token, predicting it could surge to $50 or more.
- Altcoin Sherpa, the pseudonymous analyst, recently ventured into HYPE, buying a small perp position at a $20.10 price tag.
- Bitcoin and favorable trading conditions could potentially boost the value of HYPE, as suggested by Altcoin Sherpa.
- The crypto market may witness more extreme fluctuations in the upcoming three-six months, according to Altcoin Sherpa.
- It's crucial to stay informed and be agile in the rapidly changing cryptocurrency landscape, as dramatic moves to the upside and downside might occur in the near future.
