According to a popular analyst, one of top 30 altcoins could be the most valuable digital asset in the coming months as the cryptocurrency markets continue to fluctuate.
Altcoin sherpa, a pseudonymous crypto analyst tells His 242,900 Twitter followers that he’s bullish about the utility token for the open decentralized financial system, Hyperliquid.HYPE).
Best to worst positions currently:
- Cash.
- Majors.
- HYPE.
- Useful or old coins such as AAVE, LINK XRP and OM.
“Everything else is just meh.”
HYPE currently trades at $23.27. This is a decrease of 8.8% from the previous 24 hours.
The next step is the trader suggests Ethereum (ETHYou may see a big move in this cycle but it is unclear when.
Everyone is talking about ETH, and there’s a good reason for it:
- Top Trump Projects are available on ETH.
- SOL has a pretty bad mindshare (rugs/etc.).).
- There is no real pump for ETH (yet).
- ETH/BTC has been f**ed.
“I do think it will happen. I just don’t have a clue when/where.”
He was adamant that he would not do so. warns It is possible that ETH will form a “bull trap” in the very near future.
“ETH: I’m not going to get trapped on this one.”
ETH currently trades at $2,662, down 2.9% from the previous 24 hours.
Last but not least, there is the analyst suggests Artificial Superintelligence Alliance, a cryptocurrency focusing on Artificial Intelligence (AI), is gaining popularity.FETAct I: the AI Prophecy) (ACTThe market may be nearing its bottom and could be ready to break out
“I think we’re anywhere from one month to two weeks into the consolidation period for most of these shitcoins. This is the chop period where nothing much really happens, but I still feel that most of the good ones are fairly bottomed at this point. FET, ACT are two examples.”
FET was trading at $0.72 as of the time this article is written, down by 4% over the past 24 hours. ACT trades at $0.18 as of the time of this writing. This is up 1.3% from yesterday.
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Source: dailyhodl.com
